Tuesday, Apr 15, 07:34 GMT
EUROPEAN Trading Newsletter
To Get Started
- Webinar Videos: Trend Trading - Part 1: Elements of Trend Trading in FX and Futures Markets by Don Wilcox
- Be aware of the USD movements against the other majors
- Monthly Webinar with Andrei Pehar − Thursday 17th
- Are you a Forex Newbie? Check our Beginners Video Course
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Live Sessions Schedule
Technical Analysis Bootcamp: The indicators you need to know and how to interpret them
Expert: Dan Blystone
Start: Tue, Apr 15, 14:00 GMT
Type of Session: Webinar
Trading with Autochartist
Expert: Raghee Horner
Start: Tue, Apr 15, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Apr 15, 08:00 GMT | Outlook for the major currencies this week | Ian Copsey | WBN |  |
| Tue, Apr 15, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Tue, Apr 15, 14:00 GMT | Technical Analysis Bootcamp: The indicators you need to know and how to interpret them | Dan Blystone | WBN |  |
| Tue, Apr 15, 15:00 GMT | Trading with Autochartist | Raghee Horner | WBN | |
Current Session: Europe
EUR/USD
Forex Technical Analysis − EUR/USD: (1.5822) Reapproached historic high by KBC Bank
Reversal Day at high sent the pair to 1.5670, with rebound having reapproached historic high: 1st Support area at 1.5808 (daily Short Term Moving Average↑), with next levels at 1.5765/ .5748 (daily envelope bottom/ daily Medium Term Moving Average↑).
1.5695/ .5670 = daily Bollinger midline/ yesterday low + weekly Short Term Moving Average↑: would like this area to hold to keep trying short term upside attempts by the €..
- 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
Today's Technical Trading Points by Danske Bank A/S
FX' Signal
Support, Resistance and Range Forecast by AceTrader
Currencies at a Glance
- EUR/USD
- Trades around opening price level 1.5827 , above pivot level 1.5796
04/15/2008 07:23 GMT - GBP/USD
- Trades below pivot level 1.9774
04/15/2008 07:24 GMT - USD/CHF
- Moves down below pivot level 0.9996
04/15/2008 07:24 GMT - USD/JPY
- Trades around pivot level 100.98
04/15/2008 07:26 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 ZEW SURVEY − ECONOMIC SENTIMENT
| Date (GMT) | Event | Cons. | Previous | |
| Apr 15 | 09:00 | ZEW Survey − Economic Sentiment | -30 | -32 |
EMU economic indicators - German ZEW economic sentiment is not likely to have continued improving in April by BHF−Bank
In April, the German ZEW economic sentiment is only likely to have stabilized. This is indicated by several factors. Both the US ISM manufacturing index and the ifo business expectations in the German business sector rose slightly in March. As a result of the increase in short and long−term interest rates, the German yield spread has improved, albeit not enough to compensate for its drop in the first half of March. The same applies to the DAX performance index. Furthermore, the crude oil price is still high and the euro has appreciated.
[ Full Story ]Top Market Movers Review
Australia RBA MEETING'S MINUTES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 15 | 01:30 | RBA Meeting's Minutes | - | - | - |
Australian central bank minutes suggest inflation falling more quickly (Thomson Financial News)
The Reserve Bank of Australia's (RBA's) board believes its current policy settings mean both consumer price and underlying inflation will fall more quickly than earlier thought over the next 2−3 years, according to the minutes of the board's April 1 meeting, released Tuesday.
[ Full Story ]- Read the Minutes of April 2008 Monetary Policy Meeting at RBA
- Australian central bank considers current settings appropriate, minutes show (Thomson Financial News)
UK RICS HOUSE PRICE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 14 | 23:01 | RICS House Price Balance | -78.5% | -67.0% | -64.1% |
DATA SNAP: UK RICS House Price Balance At Record Low (Dow Jones)
Sentiment in the housing market in England and Wales deteriorated to its worst level in more than 30 years in March as the global credit crisis continued to weigh on demand for property, the Royal Institution of Chartered Surveyors said Tuesday. The RIC's survey showed even more surveyors reported falling rather than rising prices, with the net balance declining to −78.5 percentage points in seasonally adjusted terms last month from a revised −65.7 percentage points in February, marking the weakest level since the series began in January 1978.
[ Full Story ]- Read the House Price Balance report at RISC website
- UK March house price balance most negative since survey began in 1978 − RICS (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 14 | 23:01 | UK | BRC Retail Sales Monitor − All (YoY) (Mar) | -1.6% | 1.5% | |
| Apr 15 | 01:30 | AU | RBA Meeting's Minutes | |||
| 04:00 | JP | Tokyo Condominium Sales (YoY) (Mar) | -17.8% | -28.0% | ||
| 06:00 | EMU | ECB's Trichet Speech | ||||
| 08:30 | UK | Consumer Price Index (MoM) (Mar) | 0.6% | 0.7% | ||
| 08:30 | UK | Consumer Price Index (YoY) (Mar) | 2.6% | 2.5% | ||
| 08:30 | UK | Core Consumer Price Index (YoY) (Mar) | 1.3% | 1.2% | ||
| 08:30 | UK | DCLG House Price Index (YoY) (Feb) | 7.4% | 8.0% | ||
| 08:30 | UK | Retail Price Index (MoM) (Mar) | 0.5% | 0.8% | ||
| 08:30 | UK | Retail Price Index (YoY) | 3.9% | 4.1% | ||