Friday, Apr 11, 07:34 GMT
EUROPEAN Trading Newsletter
To Get Started
- Webinar Videos: Forex Swing Trading, Low Risk / High Reward Trading In The Largest by Sam Seiden
- Streaming Forex Rates: Interbank liquidity data providers
- Central Banks: ECB and BoE − Review of Apr 10 meetings by FXstreet.com
- ITC 2008 − Barcelona October 29th to 31st. Visit our website!
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Live Sessions Schedule
Advanced APF Methods To Determine The Price Momentum
Expert: Sunil Mangwani
Start: Fri, Apr 11, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Fibonacci Friday
Expert: Andrei Pehar
Start: Fri, Apr 11, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Apr 11, 10:00 GMT | Advanced APF Methods To Determine The Price Momentum  | Sunil Mangwani | WBN | |
| Fri, Apr 11, 15:00 GMT | Fibonacci Friday | Andrei Pehar | WBN |  |
| Mon, Apr 14, 11:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
| Mon, Apr 14, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN |  |
Current Session: Europe
EUR/USD
Daily Market Commentary − The dollar provided a heart attack−inducing performance on Thursday by Global Forex Trading
Euro/dollar fell sharply on Thursday after nailing a new all−time high. We have a bearish reversal here, but the last 2 times the pair peaked, the following day was choppy with virtually no change on the close. My model turned short only a day after getting long. Only a break below 1.5720 signals a further decline though. Below this level, important support is at 1.5623.
- 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: (1.5760) New high but Reversal Day by KBC Bank
FX' Signal
Australian Dollar special report − AUD overlay by FxMax
Currencies at a Glance
- EUR/USD
- Moves up above pivot level 1.5792
04/11/2008 07:06 GMT - GBP/USD
- Trades below pivot level 1.9751
04/11/2008 07:06 GMT - USD/CHF
- Trades above pivot level 1.0018
04/11/2008 07:07 GMT - USD/JPY
- Trades around opening price level 101.95 , above pivot level 101.35
04/11/2008 07:08 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 IMPORT PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Apr 11 | 12:30 | Import Price Index (MoM) | 1.9% | 0.2% |
| Apr 11 | 12:30 | Import Price Index (YoY) | 13.6% | 13.6% |
OUTLOOK Highlights of US economic indicators to be released in the coming week (Thomson Financial News)
Economists expect import prices to have increased 1.8 pct in March following a 0.2 pct increase in the previous month. Sal Guatieri of BMO Capital Markets said he is looking for another sizeable increase in overall import prices, "most of that reflecting the upturn in crude oil prices."
[ Full Story ]Top Market Movers Review
Germany WHOLESALE PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 11 | 06:00 | Wholesale Price Index (YoY) | 7.1% | 6.0% | 6.0% |
German wholesale prices grow above expectations in March (FXstreet.com)
The index of wholesale prices has risen well above expectations in Germany in March from the same month last year, posting the highest jump in more than 10 years, according to data by Destatis.
[ Full Story ]- Read the Index of prices in wholesale trade data at German Statistics
- German March WPI up 1.6 pct from Feb, up 7.1 pct year−on−year (Thomson Financial News)
- Germany Wholesale Price Index rises to 7.1% in Mar (FXstreet.com)
Japan DOMESTIC CORPORATE GOODS PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 10 | 23:50 | Domestic Corporate Goods Price Index (MoM) | 0.5% | 0.3% | 0.4% |
| Apr 10 | 23:50 | Domestic Corporate Goods Price Index (YoY) | 3.9% | 3.5% | 3.4% |
Japan March Domestic CGPI +3.9% On Yr Vs +3.6% In Feb (Dow Jones)
Japan's domestic corporate goods prices rose 3.9% in March from a year earlier to 106.7, the Bank of Japan said Friday. It marked the 49th straight month of rises on the back of strong international commodity prices. The rise was larger than 3.5% on−year growth that Tokyo−based analysts surveyed by Dow Jones had forecast on average.
[ Full Story ]- Read the Domestic Corporate Goods Price Index report at Bank of Japan
- Japan's corporate goods price index rises 3.9 pct in March, fastest in 27 years (Thomson Financial News)
US FED'S BERNANKE SPEECH
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 10 | 17:00 | Fed's Bernanke Speech | - | - | - |
THE FED: Bernanke: Nothing Broken On Wall Street That Can't Be Fixed (Dow Jones)
There is nothing fundamentally broken on Wall Street that a little regulation and incentives for participants to be slightly more honest couldn't fix, said Federal Reserve Chairman Ben Bernanke said Thursday.
[ Full Story ]- Bernanke says financial reforms can't wait for markets to stabilize UPDATE (Thomson Financial News)
- Bernanke says financial sector reforms can't wait for markets to stabilize (Thomson Financial News)
Forex Daily Analysis - 09/04/'08 − Ears Poised For Bernanke's Speech by ForexYard
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 10 | 18:00 | US | Monthly Budget Statement (Mar) | -48.1B | -80.0B | -96.3B |
| 23:50 | JP | Domestic Corporate Goods Price Index (MoM) (Mar) | 0.5% | 0.3% | 0.4% | |
| 23:50 | JP | Domestic Corporate Goods Price Index (YoY) (Mar) | 3.9% | 3.5% | 3.4% | |
| Apr 11 | 06:00 | DE | Wholesale Price Index (YoY) (Mar) | 7.1% | 6.0% | 6.0% |
| 10:00 | EMU | OECD Euro Zone Leading Indicator Index (Feb) | 98.9 | |||
| 12:00 | G7 Meeting | |||||
| 12:30 | US | Import Price Index (MoM) (Mar) | 1.9% | 0.2% | ||
| 12:30 | US | Import Price Index (YoY) (Mar) | 13.6% | 13.6% | ||
| 12:30 | CA | New Housing Price Index (YoY) (Mar) | 6.5% | |||
| 14:00 | US | Reuters/Michigan Consumer Sentiment Index (Apr)  | 69.0 | 69.5 | ||