Wednesday, Apr 02, 07:29 GMT
EUROPEAN Trading Newsletter
To Get Started
- Webinar Videos: Monthly Webinar: Forex Options: Boost your bottom line - Part 1 and Part 2 by Derek Frey
- Asia Session Performance by
- Tradable FX Rates: Real−time data provided by a market maker
- Check our Brokers/FDMs Table
Note that our messages might be blocked by anti-spam filters so please add newsletter@fxstreet.com or our domain (fxstreet.com) to your address book.
Live Sessions Schedule
Central Bank Review
Expert: Adam Rosen
Start: Wed, Apr 2, 11:00 GMT
Type of Session: Webinar
Trend Trading − Part 1: Elements of Trend Trading in FX and Futures Markets
Expert: Don Wilcox
Start: Wed, Apr 2, 16:00 GMT
Sponsored by: 
Type of Session: Webinar
Topics
− Confirmation techniques to verify trend developments
− Forecasting potential retracement levels
− Look at various technical trend indicators
| Sponsored by | ||||
| Wed, Apr 2, 09:00 GMT | FX Instructor Live Trading Room | Nader Moustafa | WBN |  |
| Wed, Apr 2, 11:00 GMT | Central Bank Review | Adam Rosen | WBN |  |
| Wed, Apr 2, 13:00 GMT | Main technical theme in the currency market | Jamie Saettele | WBN |  |
| Wed, Apr 2, 15:00 GMT | Institutional Trading Strategies  | Andrei Pehar | WBN | |
Current Session: Europe
EUR/USD
Daily Recommended Trades − The dollar continues to rebound across the board by E−Forex
The dollar continues to rebound across the board and the Euro declined on yesterday after breaking the key intraday support formed into the 1.5725 zone. Medium term support formed by an upward trendline started at 1.4778 extended through the recent lows at 1.5341 is being tested now at 1.5550. A break of the said trendline may encourage further decline towards the key support at 1.5340 formed by the recent corrective downleg also the 38.2% retracement of the entire 1.4436−1.5905 move.
- Main technical theme in the currency market by Jamie Saettele, Technical Currency Analyst FXCM
- Check out how pairs moved: Live Currency Rates & Charts
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
Banks' Analysis
Today's Technical Trading Points by Danske Bank A/S
Weekly Analysis
Weekly Update − The onslaught against the dollar continued last week by Union Bank of California
Currencies at a Glance
- EUR/USD
- Continues to move down below third support level 1.5600
04/02/2008 06:27 GMT - GBP/USD
- Trades around first support level 1.9772
04/02/2008 06:27 GMT - USD/CHF
- Continues to move up above third resistant level 1.0114
04/02/2008 06:27 GMT - USD/JPY
- Continues to move up above third resistant level 101.61
04/02/2008 06:27 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, Global Forex Trading, Mizuho Corporate Bank
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
USD JPY, Hourly
GBP USD, Hourly
Top Market Movers Preview
UK M4 MONEY SUPPLY
| Date (GMT) | Event | Cons. | Previous | |
| Apr 2 | 08:30 | M4 Money Supply (MoM) | - | 0.3% |
| Apr 2 | 08:30 | M4 Money Supply (YoY) | - | 13.01% |
Sunrise Market Commentary: Currencies - EUR/GBP at new life−time highs by KBC Bank
Recently, the sterling sentiment was very downbeat and corrections, if any, were very limited and short−lived. Fundamentals (housing, economic growth, overextended consumer and the problems of the City) clearly support the weakening of sterling. So, we hold on to our long−term negative view for sterling.
[ Full Story ]Top Market Movers Review
US ABC CONSUMER CONFIDENCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 1 | 21:30 | ABC Consumer Confidence | -33 | - | -31 |
ABC/Wash Post: US Consumer Confidence Dn 2 Pts Latest Wk (Dow Jones)
U.S. overall consumer confidence fell last week, according to an ABC News/Washington Post poll released Tuesday. The consumer comfort index fell 2 points to −33 in the week ended March 30, from −31 a week earlier.
[ Full Story ]- Read the Consumer Comfort Index Survey at Washington Post
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 1 | 21:30 | US | ABC Consumer Confidence (Mar 30) | -33 | -31 | |
| Apr 2 | 08:30 | UK | BSA Mortgage approvals s.a (Feb) | 4.3B | ||
| 08:30 | UK | CIPS PMI Construction (Mar) | 52.0 | 52.4 | ||
| 08:30 | UK | Housing Equity Withdrawal (QoQ) (4Q) | 9.5B | 9.3B | ||
| 08:30 | UK | M4 Money Supply (MoM) (Feb) | 0.3% | |||
| 08:30 | UK | M4 Money Supply (YoY) (Feb) | 13.01% | |||
| 08:30 | UK | Mortgage Approvals (Feb) | 72K | 74K | ||
| 08:30 | UK | Net Lending to Individuals (Feb) | £8.0 | £8.4B | ||
| 09:00 | EMU | Producer Price Index (MoM) (Feb) | 0.6% | 0.8% | ||
| 09:00 | EMU | Producer Price Index (YoY) (Feb) | 5.2% | 4.9% | ||