Tuesday, Apr 08, 07:27 GMT
EUROPEAN Trading Newsletter
To Get Started
- Webinar Videos: Day Trading Series - Chapter V: The 10 Power Principles of Successful Trading Strategies by Markus Heitkoetter
- Market Technical Review Videos by Phil Newton
- ITC 2008 − Barcelona October 29th to 31st. Visit our website!
- Live Streaming FX Rates: All currencies of the world
- Live Free Access Day on Thursday 10th − Register now
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
Outlook for the major currencies this week
Expert: Ian Copsey
Start: Tue, Apr 8, 08:00 GMT
Sponsored by: 
Type of Session: Webinar
Technical Analysis Bootcamp: The indicators you need to know and how to interpret them
Expert: Dan Blystone
Start: Tue, Apr 8, 14:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Apr 8, 08:00 GMT | Outlook for the major currencies this week | Ian Copsey | WBN | |
| Tue, Apr 8, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Tue, Apr 8, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN |  |
| Tue, Apr 8, 13:30 GMT | Forex with Ed Ponsi | Ed Ponsi | WBN | |
Current Session: Europe
EUR/USD
Daily Recommended Trades − After a false breakout of 1.5640, the Euro recovered and climbed past the 1.5700 mark by E−Forex
After a false breakout of 1.5640, the Euro recovered and climbed past the 1.5700 mark, testing 1.5800 during today's Asian session. Strong support is now formed at 1.5800 due to a triangle formation seen in the chart below. An upward channel is also formed by the previous lows (T2 line) and the recent highs (T3 line). potential break of the key resistance at 1.5800 is required to signal a full resume of the uptrend and a break out of the range.
- 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
Forex Trading Strategies − US FOMC minutes on tap this evening by Saxo Bank
FX Analysts' Comments
FOREX Training Video | New York Session April 7, 2008 by Wayne McDonell, FxBootcamp.com
Currencies at a Glance
- EUR/USD
- Back around first resistant level 1.5756
04/08/2008 07:21 GMT - GBP/USD
- Moves down towards second support level 1.9772
04/08/2008 07:22 GMT - USD/CHF
- Back below pivot level 1.0119
04/08/2008 07:22 GMT - USD/JPY
- Trades around pivot level 102.25
04/08/2008 07:23 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
US PENDING HOME SALES
| Date (GMT) | Event | Cons. | Previous | |
| Apr 8 | 14:00 | Pending Home Sales (MoM) | -1% | 0% |
Wakeup Call on Forex Markets - The Positive Sentiment Slowly Withering Ahead Of US Pending Home Sales by Saxo Bank
Expectations for today's US Pending Home Sales for the month of February are broadly negative, with the median estimate at −1%. Lower property prices and stricter lending criteria have added to the housing slowdown, signaling that the very bottom is yet to be reached.
[ Full Story ]- OUTLOOK Highlights of US economic indicators to be released in the coming week (Thomson Financial News)
Top Market Movers Review
Australia NATIONAL AUSTRALIA BANK'S BUSINESS CONDITIONS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 8 | 01:30 | National Australia Bank's Business Conditions | -4 | - | -2 |
Australia's NAB March business confidence index falls back to September 2001 low (Thomson Financial News)
Australian business confidence in March fell back to the lowest level since the terrorist attacks in September 2001, the National Australia Bank (NAB) said on Tuesday, citing the results of its monthly business survey. Business confidence dipped 2 points to minus 4 last month, NAB said. In February, the index rose 2 points to minus 2.
[ Full Story ]- Read the Business Conditions report at NAB website
- More Australian executives worried about tightening credit market in Q2 − D&B (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 7 | 20:00 | US | Treasury Secretary Paulson speech | |||
| 22:00 | NZ | NZIER Business Confidence (1Q) | -64 | -26 | ||
| Apr 8 | 01:30 | AU | National Australia Bank's Business Conditions (Apr) | -4 | -2 | |
| 04:00 | JP | BoJ Monetary Policy Meeting | ||||
| 12:15 | CA | Housing Starts s.a (YoY) (Mar) | 225.0K | 256.9K | ||
| 14:00 | US | Pending Home Sales (MoM) (Feb) | -1% | 0% | ||
| 18:00 | US | FOMC Minutes (Mar 18) | ||||
| 21:00 | US | ABC Consumer Confidence (Apr) | -33 | |||
| 23:01 | UK | Nationwide Consumer Confidence (Mar) | 76 | 78 | ||
| Apr 9 | 00:30 | AU | Westpac Consumer Confidence | -9.1% | ||