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EUROPEAN Trading Newsletter
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Special Webinars
Event trading and FX Market mechanics
Expert: Don Wilcox
Start: Thu, Apr 26, 15:00 GMT
Sponsored by: 
Type of Session: Webinar
Support and Resistance II: Support and Resistance Line Breaks
Expert: Rob Booker
Start: Thu, Apr 26, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
Topics
- How to set up a support/resistance break trade
- How to set profit targets and stop losses
- Using the longer term or shorter charts for finding trading opportunities
Current Session: Europe
EUR/USD
Forex Technical Analysis - EUR/USD:(1.3648) Back above LT channel top off 1.2877 by KBC Bank
New year high, with move above 1.3317 (monthly Downtrendline off 1992 on synthetic charts) and above 1.3470 (LT daily Downtrenline off 1992 on same charts), with 2004 high of 1.3670 being reapproached. LT channel top off 1.2877 played Support role in recent corrections (see graph).
- Trade Alert (intraday): EUR/USD (II) by Tony Juste
- Check out how the currency moved on Live Currency Rates & Charts at FXstreet.com
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
- Be up to date with the Latest Forex News
- The Cable experience at our Forex Forum
Other Topics for this Session:
Daily Forex Commentary - Caught by surprise by Jyske Bank
Currency Majors Technical Analysis - Currency Majors Technical Analysis by Mataf.net
Daily Recommended Trades - EUR/USD daily outlook by E-Forex
Currencies at a Glance
- EUR/USD
- Floating around today's pivot at 1.3641 with very tight range
04/26/2007 07:15 GMT - GBP/USD
- Trades above first resistant level at 2.0049 , close to yesterday high at 2.0061
04/26/2007 07:15 GMT - USD/CHF
- Continues to trade around opening price level at 1.2045 , after bounced at today's pivot 1.2032
04/26/2007 07:15 GMT - USD/JPY
- Moves up above yesterday high at 118.82 , toward first resistant level at 118.95
04/26/2007 07:15 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - USD/JPY
**Source : CMS Forex, Danske Bank A/S, Finotec Group Inc., FXstreet.com, Global Forex Trading Ltd. , KBC Bank, Mizuho Corporate Bank
[ View ASI page ] [ View USD/JPY page ]
Charting the Market Movers
EUR USD, Hourly
USD JPY, Hourly
Top Market Movers Preview
US INITIAL JOBLESS CLAIMS
| Date (GMT) | Event | Cons. | Previous | |
| Apr 26 | 12:30 | Initial Jobless Claims | - | 339K |
Friday Notes - Soaring Euro will not stop the ECB by HVB Group
Seasonal adjustment factors will mean lower labor market figures this spring (cf. Research Note of Harm Bandholz of last week). This is partly due to the fact that construction companies are laying off some of their workforce because of the contraction in residential construction building, which will be magnified in the employment numbers.
[ Full Story ]Top Market Movers Review
Germany GFK CONSUMER CONFIDENCE SURVEY
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 26 | 06:10 | Gfk Consumer Confidence Survey | 5.5 | 4.5 | 4.4 |
GfK Consumer Coincidence Index rises in May (FXstreet.com)
Consumer confidence for the month of May has increased in Germany, pushed by the improvement on consumers’ economic expectations, according to the monthly report by the GfK research group. GfK consumer confidence index increased to 5.5 points from 4.4 in April, instead of the 4.8 points reading forecasted by the analysts polled by Dow Jones Newswires.
[ Full Story ]- Read the German Consumer climate: a significant recovery at GfK
- UPDATE: German Consumer Sentiment Turns Bullish For May (Dow Jones)
- Germany's GfK sees May consumer climate index 5.5 vs 4.4 in April (AFX News)
- German GfK Consumer Confidence Surges For May - Agency (Dow Jones)
UK NATIONWIDE HOUSING PRICES N.S.A
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 26 | 06:00 | Nationwide Housing Prices s.a (MoM) | 0.9% | 0.6% | 0.4% |
| Apr 26 | 06:00 | Nationwide Housing Prices n.s.a (YoY) | 10.2% | 9.5% | 9.3% |
UK house price growth accelerates in April - Nationwide (AFX News)
UK house price inflation in April accelerated by more than expected, bolstering views that interest rates will be raised again as early as next month, research by Nationwide showed. In a monthly survey of the housing market, it said house prices were up 0.9 pct from March to April and up 10.2 pct from April last year, taking the average house price to 180,314 stg.
[ Full Story ]- Read the Housing Prices data at Nationwide
- DATA SNAP: UK Apr House Prices +0.9%MM, +10.2%YY -Nationwide (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 25 | 21:00 | NZ | RBNZ Rate Decision | 7.75% | 7.50% | 7.50% |
| Apr 26 | 06:00 | UK | Nationwide Housing Prices n.s.a (YoY) (Apr) | 10.2% | 9.5% | 9.3% |
| 06:00 | UK | Nationwide Housing Prices s.a (MoM) (Apr) | 0.9% | 0.6% | 0.4% | |
| 06:10 | DE | Gfk Consumer Confidence Survey (Mar) | 5.5 | 4.5 | 4.4 | |
| 12:30 | US | Initial Jobless Claims (Apr 21) | 339K | |||
| 14:30 | CA | Bank of Canada Releases Monetary Policy Report | ||||
| 23:30 | JP | Jobless Rate (Mar) | 4% | 4% | ||
| 23:30 | JP | National Consumer Price Index (YoY) (Mar) | -0.2% | -0.2% | ||
| 23:30 | JP | National Consumer Price s.a (MoM) (Mar) | -0.1% | -0.3% | ||
| 23:30 | JP | Tokyo Consumer Price Index (MoM) (Apr) | 0% | -1% | ||