Thursday, Apr 10, 07:21 GMT
EUROPEAN Trading Newsletter
To Get Started
- Webinar Videos: Forex Swing Trading, Low Risk / High Reward Trading In The Largest by Sam Seiden
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Live Sessions Schedule
Tracking the forex market together / Part I − Free Acces Day
Expert: Dr.S.Sivaraman
Start: Thu, Apr 10, 10:00 GMT
Type of Session: Webinar
Using Bollinger Bands during Trends − Free Access Day
Expert: Chris Capre
Start: Thu, Apr 10, 12:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Apr 10, 10:00 GMT | Tracking the forex market together / Part I − Free Acces Day | Dr.S.Sivaraman | WBN |  |
| Thu, Apr 10, 11:00 GMT | FX Instructor Live Trading Room − Free Access Day | Mark De La Paz | WBN |  |
| Thu, Apr 10, 12:00 GMT | Using Bollinger Bands during Trends − Free Access Day | Chris Capre | WBN | |
| Thu, Apr 10, 13:00 GMT | Weekly Technical Briefing − Free Access Day | Dan Blystone | WBN | |
Current Session: Europe
GBP/USD
Daily Recommended Trades − Euro managed to break the key resistance at 1.5800 by E−Forex
The Euro managed to break the key resistance at 1.5800 on yesterday and it is now consolidating its gains around the 1.5840 mark. It is obvious that the dollar is weaker than before as the Euro consolidates so close to the record high at 1.5905, therefore we are looking forward for the Euro to extend its gains past 1.59 and test 1.6 once consolidation is over.
- Covered Carry Trades by S. Wade Hansen, Founder Profiting With Forex
- 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 Technical Analysis − EUR/USD: (1.5846) Approached 1st target off 1.5700 (1.5867: see graph) by KBC Bank
FX Analysts' Comments
FOREX Video | News Trade Alert | April 10, 2008 by Wayne McDonell, FxBootcamp.com
Currencies at a Glance
- EUR/USD
- Trades around opening price level 1.5828 , above pivot level 1.5792
04/10/2008 07:11 GMT - GBP/USD
- Back around pivot level 1.9733
04/10/2008 07:11 GMT - USD/CHF
- Moves down below opening price level 1.0020 , below pivot level 1.0054
04/10/2008 07:12 GMT - USD/JPY
- Back around second support level 101.26 after bounced at 100.75
04/10/2008 07:12 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
EMU ECB INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Apr 10 | 11:45 | ECB Interest Rate Decision | 4% | 4% |
Central Banks: ECB and BoE - Preview of Apr 10 meetings by FXstreet.com
Thursday 10 brings BOE and ECB to the stage. The BoE is expected to cut rates at least 25bp from its actual 5.25%, even more now that the Pound (GBP) edged down on a weaker housing report. On the other hand, ECB is expected to keep rates on hold at 4%, following the wait−and−see trend that has acquired in the last months.
- ECB and BoE Monetary policy decisions: Time for a rate cut for the BoE (FXstreet.com)
- IMF cuts euro zone growth forecasts, says ECB can afford to cut rates (Thomson Financial News)
Daily Forex Commentary - Big−Announcement Day by Jyske Bank
Daily Forex Outlook - US Dollar falls tracking weaker equities. BoE and ECB rate announcements today by Easy Forex
Top Market Movers Review
Australia UNEMPLOYMENT RATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 10 | 01:30 | Unemployment Rate | 4.1% | 4.1% | 4.0% |
DATA SNAP: Australian Mar Unemployment Rate 4.1% (Dow Jones)
Australia's unemployment rate rose to an as−expected seasonally adjusted 4.1% in March from 4.0% in February. The number of employed rose 14,800, the Australian Bureau of Statistics said Thursday. Economists on average had expected an unemployment rate of 4.1% in March, with the number of employed up 10,000.
[ Full Story ]- Read the Labour Force report at Australian Bureau of Statistics
- Australia's unemployment rate rises to 4.1 percent in March, as expected (Thomson Financial News)
Japan ADJUSTED CURRENT ACCOUNT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 9 | 23:50 | Adjusted Current Account | ¥1461.1B | ¥1650.0B | ¥2074.7B |
Japan Feb Unadjusted Curr Acct Surplus Up 2.9% On Yr (Dow Jones)
Japan's current account surplus expanded for the second straight month in February, rising 2.9% from a year earlier, the Finance Ministry said Thursday, indicating net trade may support the economy in the first quarter.
[ Full Story ]- Read the Current Account report at Japan Ministry of Finance
- Japan Feb Current Account Table Of Data (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 10 | 00:00 | NZ | NZD− Business NZ PMI (Mar) | 48.3 | 52.2 | |
| 00:30 | AU | Consumer Inflation Report (Apr) | 11.2% | 11.8% | ||
| 01:30 | AU | Employment Change (Mar) | 14.8K | 10.0K | 36.7K | |
| 01:30 | AU | Unemployment Rate (Mar) | 4.1% | 4.1% | 4.0% | |
| 08:30 | UK | Goods Trade Balance (Feb) | -£7.5B | -£7.5B | ||
| 08:30 | UK | Total Trade Balance (Feb) | -4.2B | -4.1B | ||
| 11:00 | UK | BoE Interest Rate Decision | 5.00% | 5.25% | ||
| 11:45 | EMU | ECB Interest Rate Decision | 4% | 4% | ||
| 12:30 | US | Continuing Jobless Claims (Mar 29) | 2925K | 2937K | ||
| 12:30 | EMU | ECB's Trichet Speech | ||||