Wednesday, Apr 16, 07:27 GMT
EUROPEAN Trading Newsletter
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- Webinar Videos: Technical Analysis Bootcamp: The indicators you need to know and how to interpret them by Dan Blystone
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FX Instructor Live Trading Room
Expert: Mark De La Paz
Start: Wed, Apr 16, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
Candlestick Trading
Expert: Valeria Bednarik
Start: Wed, Apr 16, 12:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Apr 16, 09:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN | |
| Wed, Apr 16, 12:00 GMT | Candlestick Trading | Valeria Bednarik | WBN |  |
| Wed, Apr 16, 13:00 GMT | Level of Sentiment in the FX Market | Boris Schlossberg | WBN |  |
| Wed, Apr 16, 14:00 GMT | Trading the AUD, NZD and their Crosses  | Chris Capre | WBN | |
Current Session: Europe
EUR/USD
Daily Recommended Trades − EURUSD daily outlook − Wednesday 04.16.2008 by E−Forex
The dollar recovered on yesterday and the Euro has failed to hold above the 1.5800 support level, testing support into the mid 1.57 zone. Although the Euro has recovered and it is now trading around 1.5830, the short term sentiment is slightly mixed as we've seen on yesterday that there's still enough room on the downside.
- 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: (1.5793) Reapproached historic high by KBC Bank
FX Analysts' Comments
FOREX Video | News Trade Alert | April 16, 2008 by Wayne McDonell, FxBootcamp.com
Currencies at a Glance
- EUR/USD
- Moves up towards first resistant level 1.5858
04/16/2008 06:57 GMT - GBP/USD
- Moves up above pivot level 1.9670
04/16/2008 06:58 GMT - USD/CHF
- Moves down below pivot level 1.0036
04/16/2008 06:59 GMT - USD/JPY
- Moves down below pivot level 101.49
04/16/2008 06:59 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 CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Apr 16 | 09:00 | Consumer Price Index − Core (YoY) | 1.9% | 1.8% |
| Apr 16 | 09:00 | Consumer Price Index (MoM) | 0.9% | 0.3% |
| Apr 16 | 09:00 | Consumer Price Index (YoY) | 3.5% | 3.3% |
EMU economic indicators - German ZEW economic sentiment is not likely to have continued improving in April by BHF−Bank
HICP inflation in the euro area will probably be confirmed at 3.5% yoy for March. Given the results in the Länder, German consumer price inflation in March is expected to be confirmed at 3.1 % yoy and 0.5 % mom. Final HICP inflation in the eurozone is likely to be confirmed at 3.5 % year−on−year in March, i.e. 0.9 % month−on−month.
[ Full Story ]Top Market Movers Review
Germany CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 16 | 06:00 | Consumer Price Index (YoY) | 3.1% | - | 2.8% |
| Apr 16 | 06:00 | Consumer Price Index (MoM) | 0.5% | 0.5% | 0.5% |
DATA SNAP: German Final March CPI +0.5% On Mo; +3.1% On Yr (Dow Jones)
German annual consumer price inflation in March accelerated 0.5% on the month and 3.1% on the year, driven by energy prices, final data released by the federal statistics office confirmed Wednesday.
[ Full Story ]- Read the Consumer prices data at German Statistics
- German CPI increased 3.1% year on year in March (FXstreet.com)
- German March final CPI up 0.5 pct vs Feb, up 3.1 pct yr−on−yr (Thomson Financial News)
- Germany Consumer Price Index rises 0.5% in Mar; 3.1% up on the year (FXstreet.com)
EMU economic indicators - German ZEW economic sentiment is not likely to have continued improving in April by BHF−Bank
Australia WESTPAC LEADING INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 16 | 00:30 | Westpac Leading Index (MoM) | 0.0% | - | -0.1% |
Australia's Westpac February leading index rises 3.3 percent, below trend (Thomson Financial News)
The annualized growth rate of Australia's Westpac−Melbourne Institute leading index of economic activity slowed to 3.3 percent in February from 4.1 percent in January, Westpac said Wednesday. The annualized growth rate of the leading index, which indicates the likely pace of economic activity 3−9 months into the future, fell for the third month in a row and is well below its longer−term trend rate of 4.1 percent.
[ Full Story ]- Read the Leading Index report at Westpac website
US NAHB HOUSING MARKET INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 15 | 17:00 | NAHB Housing Market Index | 20 | 20 | 20 |
Ahead of the Bell: Builder Sentiment (Thomson Financial News)
A measurement of housing developers' sentiment about the U.S. housing market is expected to hold steady barely above a record low. The National Association of Home Builders/Wells Fargo housing market index for February is scheduled to be released Tuesday at 1 p.m. EDT. The report reflects a survey of about 400 residential developers nationwide, tracking builders' perceptions of current market conditions and expectations for home sales over the next six months.
[ Full Story ]- US April NAHB housing index unchanged at 20 as expected (Thomson Financial News)
- OUTLOOK Highlights of US economic indicators to be released in the coming week (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 16 | 00:30 | AU | Westpac Leading Index (MoM) (Feb) | 0.0% | -0.1% | |
| 06:00 | DE | Consumer Price Index (MoM) (Mar) | 0.5% | 0.5% | 0.5% | |
| 06:00 | DE | Consumer Price Index (YoY) (Mar) | 3.1% | 2.8% |
||
| 06:00 | JP | Machine Tool Orders (YoY) (Mar) | 3.3 | -0.5 | ||
| 08:30 | UK | Average Earnings excluding Bonus (3Mo/Yr) (Feb) | 3.7% | 3.7% | ||
| 08:30 | UK | Average Earnings including Bonus (3Mo/Yr) (Feb) | 3.6% | 3.7% | ||
| 08:30 | UK | Claimant Count Rate (Mar) | 2.5% | 2.5% | ||
| 08:30 | UK | ILO Unemployment Rate (Feb) | 5.2% | 5.2% | ||
| 08:30 | UK | Jobless Claims Change | -1.8K | -2.8 | ||
| 09:00 | EMU | Consumer Price Index − Core (YoY) (Mar) | 1.9% | 1.8% | ||