Monday, Apr 07, 07:36 GMT
EUROPEAN Trading Newsletter
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Live Sessions Schedule
Understand & Use Fibonacci Ratio's Effectively
Expert: Sunil Mangwani
Start: Mon, Apr 7, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Weekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, Apr 7, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Apr 7, 10:00 GMT | Understand & Use Fibonacci Ratio's Effectively | Sunil Mangwani | WBN | |
| Mon, Apr 7, 11:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN | |
| Mon, Apr 7, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Mon, Apr 7, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
Current Session: Europe
EUR/USD
Daily Recommended Trades − The dollar fell after the non−farm payrolls by E−Forex
The dollar fell after the US reported an 80k drop in non−farm payrolls but it recovered fast, squeezing out recent dollar shorts. The Euro closed around 1.5735, trading as high as 1.5775 after the figures earlier and as low as 1.5682 five minutes later. The dollar recovered its Friday's losses during today's Asian session as the Euro collapsed from the 1.5730 zone all the way down to 1.5650
- 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
Weekly Analysis
Weekly Commentary − Worst of both worlds by Westpac Institutional Bank
FX Analysts' Comments
Weekly Pivot Points | April 7−11, 2008 by Wayne McDonell, FxBootcamp.com
Currencies at a Glance
- EUR/USD
- Moves down below first support level 1.5653
04/07/2008 07:32 GMT - GBP/USD
- Moves down toward second support level 1.9822
04/07/2008 07:33 GMT - USD/CHF
- Moves up towards second resistant level 1.0181
04/07/2008 07:33 GMT - USD/JPY
- Moves up towards second resistant level 103.09
04/07/2008 07:35 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
Germany INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Apr 7 | 10:00 | Industrial Production s.a. (MoM) | - | 1.8% |
| Apr 7 | 10:00 | Industrial Production s.a. w.d.a. (YoY) | - | 6.9% |
Friday Notes - The desynchronized global easing cycle by HVB Group
The UniCredit−Reuters tool points to a decline of 0.6% m−o−m. Following on the heels of two strong gains, this is no cause for concern. The still substantial order cushion also argues for a persistently solid dynamic in industry in the coming months.
[ Full Story ]Top Market Movers Review
Switzerland UNEMPLOYMENT RATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 7 | 05:45 | Unemployment Rate s.a. | 2.5% | - | 2.5% |
| Apr 7 | 05:45 | Unemployment Rate | 2.6% | - | 2.7% |
Swiss unemployment decreases in March (FXstreet.com)
Swiss unemployment rate has declined in March to 2.6% from 2.7% in February, as the employment offices saw a decrease of 4,680 persons in the jobless lists, according to data released by the Swiss State Secretariat for Economic Affairs.
[ Full Story ]- Read the Unemployment data at SECO [text in German]
- Swiss March unemployment 2.6 pct vs 2.7 pct in February (Thomson Financial News)
Japan LEADING ECONOMIC INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 7 | 05:00 | Leading Economic Index | 50.0 | - | 36.4 |
Japan Feb Leading Indicators 50.0; Mkt Expected 50.0 (Dow Jones)
Japan's index of leading economic indicators came in at 50.0 in February, better than 36.4 in January, the Cabinet Office said Monday. The result matched the average forecast of 50.0 by economists polled by Dow Jones/Nikkei. The index is used to gauge the future direction of the economy. A reading above 50 points to economic expansion over the short term, while a figure below 50 heralds contraction.
[ Full Story ]- Read the Business Condition report at Japan Cabinet Office
- Japan Feb Leading Indicators Table Of Data (Dow Jones)
- Japan's leading index rises in February, matches forecast (Thomson Financial News)
Australia TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 7 | 01:30 | Trade Balance | -3289.0M | - | -2.5M |
DATA SNAP: Australia Feb Trade Deficit A$3.29 Bln (Dow Jones)
Australia's seasonally adjusted balance on trade in goods and services widened to a deficit of A$3.29 billion in February from a deficit of A$2.56 billion in January, the Australian Bureau of Statistics said Monday. The figure is wider than analysts' expectations of a deficit of A$2.5 billion.
[ Full Story ]- Read the Trade Balance report at Australian Bureau of Statistics
- CORRECT Australia Feb trade deficit hits record A$3.29 billion as exports fall (Thomson Financial News)
- Australia Feb trade deficit hits record A$3.29 billion as commodity exports fall (Thomson Financial News)
- Forex −U.S. dollar slightly higher in Sydney morning trade after selloff on data (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 7 | 05:00 | JP | Coincident Index  | 44.4% | 70.0% | |
| 05:00 | JP | Leading Economic Index (Feb) | 50.0 | 36.4 | ||
| 05:45 | CH | Unemployment Rate (Mar) | 2.6% | 2.7% | ||
| 05:45 | CH | Unemployment Rate s.a. (Mar) | 2.5% | 2.5% | ||
| 08:30 | EMU | Sentix Investor Confidence (Apr) | 0.4 | |||
| 10:00 | DE | Industrial Production s.a. (MoM) (Feb) | 1.8% | |||
| 10:00 | DE | Industrial Production s.a. w.d.a. (YoY) (Feb) | 6.9% | |||
| 12:30 | CA | Building Permits (MoM) (Feb) | -2.9% | |||
| 19:00 | US | Consumer Credit (Feb) | $6.9B | |||
| 22:00 | NZ | NZIER Business Confidence (1Q) | -26 | |||