Thursday, Apr 17, 07:24 GMT
EUROPEAN Trading Newsletter
To Get Started
- Webinar Videos: Technical Analysis Bootcamp: The indicators you need to know and how to interpret them by Dan Blystone
- Asia Session Performance by FXstreet.com
- FOREX Video: News Trade Alert by Wayne McDonell
- The USD performance against other currencies
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Live Sessions Schedule
MONTHLY WEBINAR: Conversations with a Pro Trader − Part I
Expert: Andrei Pehar
Start: Thu, Apr 17, 13:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Apr 17, 13:00 GMT | MONTHLY WEBINAR: Conversations with a Pro Trader − Part I | Andrei Pehar | WBN |  |
| Thu, Apr 17, 15:00 GMT | MONTHLY WEBINAR: Conversations with a Pro Trader − Part II  | Andrei Pehar | WBN | |
| Fri, Apr 18, 10:00 GMT | Advanced APF Methods To Determine The Price Momentum | Sunil Mangwani | WBN |  |
| Fri, Apr 18, 15:00 GMT | Fibonacci Friday | Andrei Pehar | WBN | |
Current Session: Europe
EUR/USD
Daily Forex Outlook − Long lasting resistance formed into the 1.5900−1.5915 range has been washed away by E−Forex
The long lasting resistance formed into the 1.5900−1.5915 range has been finally washed away as the Euro rallied on a spectacular 200 points move on yesterday. After the large rally, the pair became too exhausted to put some serious pressure on the key 1.6000 mark but it is now consolidating into the first half of the 1.59 area which is a good thing for the bulls.
- Longer−term Support and Resistance Trading: Setups and Rules by Rob Booker, Founder and Host TraderRadio.net
- 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: (1.5930) New historic high in inverted channel off 1.5341 by KBC Bank
FX Analysts' Comments
Video Update: April 15, 2008 by Rob Booker, Currency Trader
Currencies at a Glance
- EUR/USD
- Trades around opening price level 1.5948 , above pivot level 1.5894
04/17/2008 07:09 GMT - GBP/USD
- Trades around pivot level 1.9709
04/17/2008 07:10 GMT - USD/CHF
- Back around opening price level 1.0003 , below pivot level 1.0016
04/17/2008 07:10 GMT - USD/JPY
- Moves up toward first resistant level 102.23
04/17/2008 07:10 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 TRADE BALANCE S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Apr 17 | 09:00 | Trade Balance n.s.a. | -€3.5B | -€10.7B |
| Apr 17 | 09:00 | Trade Balance s.a. | -€2.1 | -€2.0B |
EMU economic indicators - German ZEW economic sentiment is not likely to have continued improving in April by BHF−Bank
February EMU industrial production is expected to have increased slightly, just like most of the corresponding national figures. Following its usual seasonal pattern, the EMU trade balance will probably have rebounded in February.
[ Full Story ]Top Market Movers Review
Japan INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 17 | 04:30 | Industrial Production (YoY) | 5.1% | - | 2.9% |
| Apr 17 | 04:30 | Industrial Production (MoM) | 1.6% | - | -0.5% |
Japan Feb Revised Indus Output +1.6% M/M Vs +0.9% Prelim (Dow Jones)
Japanese industrial output for February was higher than initially reported about two weeks ago, revised government data showed Thursday. The Ministry of Economy, Trade and Industry said industrial output rose a revised 1.6% on month in February, compared with a 0.9% increase in the preliminary data. Shipments gained 1.2%, better than the preliminary 0.5% increase.
[ Full Story ]- Read the Industrial Production report at Japan Ministry of Economy, Trade and Industry
- Japan's revised Feb industrial output up 1.6 pct from Jan; beats first estimate (Thomson Financial News)
US FED'S BEIGE BOOK
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 16 | 18:00 | Fed's Beige Book | - | - | - |
THE FED: U.S. Economy Is In Rough Shape, Beige Book Indicates (Dow Jones)
The U.S. economy is in rough shape, a reading of the Federal Reserve's most up−to−date report on conditions indicates, with conditions weakening across much of the nation.
[ Full Story ]- Read the Beige Book at the Federal Reserve
- Fed: economy weakened further in the spring (Thomson Financial News)
- Fed's Beige Book says 75 pct of Fed districts report 'slowing pace' of economy (Thomson Financial News)
Daily Forex Commentary - Fed's Beige Book in the pipeline by Jyske Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 17 | 01:30 | AU | RBA Foreign Exchange Transaction (Mar) | 295M | 343M | |
| 04:30 | JP | Capacity Utilization (Feb) | 106.3 | 107.4 | ||
| 04:30 | JP | Industrial Production (MoM) (Feb) | 1.6% | -0.5% |
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| 04:30 | JP | Industrial Production (YoY) (Feb) | 5.1% | 2.9% |
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| 08:00 | CH | Adjusted Real Retail Sales (YoY) (Feb) | 1.6% | 1.3% | ||
| 08:00 | EMU | ECB Publishes Monthly Report (Apr) | ||||
| 09:00 | EMU | Construction Output s.a (MoM) (Feb) | 1.6% | |||
| 09:00 | EMU | Construction Output w.d.a (YoY) (Feb) | 1.6% | |||
| 09:00 | EMU | Trade Balance s.a. (Feb) | -€2.1 | -€2.0B | ||
| 09:00 | CH | ZEW Survey − Expectations (Apr) | -60.0 | -71.7 | ||