Monday, Apr 14, 07:37 GMT
EUROPEAN Trading Newsletter
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Live Sessions Schedule
Understand & Use Fibonacci Ratio's Effectively
Expert: Sunil Mangwani
Start: Mon, Apr 14, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Weekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, Apr 14, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Apr 14, 10:00 GMT | Understand & Use Fibonacci Ratio's Effectively | Sunil Mangwani | 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 |  |
| Mon, Apr 14, 15:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets  | Steve Primo | WBN |  |
Current Session: Europe
EUR/USD
Daily Recommended Trades − The Euro closed above the 1.5800 mark on Friday by E−Forex
The Euro closed above the 1.5800 mark on Friday but couldn't hold its gains over the weekend due to the G7's weekend communique and opened quite lower, testing support levels in the 1.56 area. The dollar's appreciation over the weekend indicates that there is risk of concerted intervention. On a potential attempt to fill the gap, the Euro will face resistance at 1.5730 followed by 1.5765 then 1.5785.
- 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
Weekly Analysis
Weekly Forex Market Commentary − The US economic agenda is chuck−full of significant data this week by Global Forex Trading
FX Analysts' Comments
Weekend Warrior: 49 min FOREX Training Video by Wayne McDonell, FxBootcamp.com
Currencies at a Glance
- EUR/USD
- Moves up towards pivot level 1.5806
04/14/2008 07:17 GMT - GBP/USD
- Moves up above pivot level 1.9722
04/14/2008 07:17 GMT - USD/CHF
- Moves down below pivot level 1.0020
04/14/2008 07:17 GMT - USD/JPY
- Moves down towards first support level 100.27
04/14/2008 07:18 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 INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Apr 14 | 09:00 | Industrial Production w.d.a. (YoY) | - | 3.8% |
| Apr 14 | 09:00 | Industrial Production s.a. (MoM) | - | 0.9% |
Friday Notes - Recession fears spreading to Europe by HVB Group
After the nice January rebound, EMU industrial production should have remained virtually flat in February. Unless the index posts a significant correction in March, industrial output should accelerate moderately in Q1 2008, compensating for the deceleration recorded in the final quarter of 2007.
[ Full Story ]Top Market Movers Review
Australia HOME LOANS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 14 | 01:30 | Home Loans | -5.9% | - | 3.1% |
Australian Feb Housing Finance Falls 5.9% Vs Jan (Dow Jones)
The number of housing−finance approvals in Australia fell a seasonally adjusted 5.9% in February from January, the Australian Bureau of Statistics said Monday. Economists surveyed ahead of the announcement on average had expected a rise of 0.5% in February.
[ Full Story ]- Read the Home Loans report at Australian Bureau of Statistics
- Australia's housing finance falls 5.9 pct in February, vs consensus 0.5 pct rise (Thomson Financial News)
Japan BOJ MINUTES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 13 | 23:50 | BoJ Minutes | - | - | - |
BOJ Minutes: Uncertainty Over Global Econ Remains High (Dow Jones)
Bank of Japan board members decided to leave policy interest rates unchanged at their March 6−7 policy meeting due to the slowing overseas economy, but agreed to keep their basic thinking on monetary policy unchanged as well, the meeting minutes released Monday showed.
[ Full Story ]- Read the BOJ Minutes of Meeting at Bank of Japan
- BOJ Shirakawa:Japan Econ Surrounded By Many Downside Risks (Dow Jones)
- Bank of Japan warns in March minutes of greater risks to economy − UPDATE (Thomson Financial News)
- Bank of Japan warns of greater downside risks to economy − March minutes (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 13 | 23:50 | JP | BoJ Minutes | |||
| Apr 14 | 01:30 | AU | Home Loans (Feb) | -5.9% | 3.1% |
|
| 01:30 | AU | Investment Lending (Feb) | -9.5% | 8.8% |
||
| 08:30 | UK | Producer Price Index − Input (MoM) s.a (Mar) | 1.8% | 1.7% | ||
| 08:30 | UK | Producer Price Index − Input (YoY) n.s.a (Mar) | 19.3% | 19.3% | ||
| 08:30 | UK | Producer Price Index − Output (MoM) n.s.a (Mar) | 0.5% | 0.3% | ||
| 08:30 | UK | Producer Price Index − Output (YoY) n.s.a (Mar) | 5.6% | 5.7% | ||
| 09:00 | EMU | Industrial Production s.a. (MoM) (Feb) | 0.9% | |||
| 09:00 | EMU | Industrial Production w.d.a. (YoY) (Feb) | 3.8% | |||
| 12:30 | CA | New Motor Vehicle Sales (MoM) (Feb) | 8.2% | |||