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EUROPEAN Trading Newsletter

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Live Sessions Schedule

Advanced APF Methods To Determine The Price Momentum
Expert: Sunil Mangwani
Start: Fri, Apr 18, 10:00 GMT
Sponsored by: FibForex123
Type of Session: Webinar

Fibonacci Friday
Expert: Andrei Pehar
Start: Fri, Apr 18, 15:00 GMT

Type of Session: Webinar

Sponsored by
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
Mon, Apr 21, 10:00 GMT	Understand & Use Fibonacci Ratio's Effectively	Sunil Mangwani	WBN
Mon, Apr 21, 11:00 GMT	Weekly Webinar: 1st on Forex − The Week Ahead	Jerry Furst	WBN

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Current Session: Europe

EUR/USD

Daily Recommended Trades − The upside was limited into the 1.5970−1.6 by E−Forex

The upside was limited into the 1.5970−1.6 zone on yesterday and the Euro pulled back after setting a fresh record high at 1.5982. As I mentioned on yesterday's report, a catalyst is needed in order to push the Euro higher past 1.6 and it doesn't seem that such catalyst exists on the near term so more rangebound action is expected between 1.6 and 1.5750 where major support is formed by daily studies

[ Full Story ]

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: (1.5900) New historic high in inverted channel off 1.5341 by KBC Bank

FX Analysts' Comments

FOREX Training Video | London Session April 17, 2008 by Wayne McDonell, FxBootcamp.com

Currencies at a Glance

EUR/USD: Moves up above pivot level 1.5913
04/18/2008 06:54 GMT
GBP/USD: Moves up above opening price level 1.9912 , above pivot level 1.9842
04/18/2008 06:55 GMT
USD/CHF: Trades above pivot level 1.0037
04/18/2008 06:55 GMT
USD/JPY: Trades above pivot level 102.30
04/18/2008 06:56 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

UK M4 MONEY SUPPLY

Date (GMT)		Event	Cons.	Previous
Apr 18	08:30	M4 Sterling Lending	£15.0B	£17.4B
Apr 18	08:30	M4 Money Supply (YoY)	11.6%	12.4%
Apr 18	08:30	M4 Money Supply (MoM)	0.5%	0.2%

Daily Forex Outlook - U.S dollar regains some strength, not before reaching record lows. Sterling surges on back of BoE liquidity plan by Easy Forex

The Sterling (GBP) surged against the major currencies on Thursday as speculation the BoE next week will announce a plan to allow banks to swap mortgages for Government bonds for periods of 1−3 years to increase liquidity.

[ Full Story ]

Top Market Movers Review

Germany PRODUCER PRICE INDEX

Date (GMT)		Event	Actual	Cons.	Previous
Apr 18	06:00	Producer Price Index (YoY)	4.2%	4.0%	3.8%
Apr 18	06:00	Producer Price Index (MoM)	0.7%	0.5%	0.7%

DATA SNAP: German March PPI +0.7% On Mo, +4.2% On Yr (Dow Jones)

German producer prices rose faster than expected in March, driven by a robust rise in energy prices, data from the Federal Statistics Office showed Friday. The producer price index, which measures prices at the factory gate, rose 0.7% on the month and 4.2% on the year, the statistics office, or Destatis said.

[ Full Story ]

Read the Producer prices data at German Statistics
German March PPI up 0.7 pct from Feb, up 4.2 pct yr−on−yr (Thomson Financial News)
German Producer Prices Index rises 4.2% on the year in March (FXstreet.com)
Germany Producer Price Index rises 0.7% in Mar; 4.2% up year on year (FXstreet.com)

Japan CONSUMER CONFIDENCE

Date (GMT)		Event	Actual	Cons.	Previous
Apr 18	05:00	Consumer Confidence Households	36.7	-	36.1
Apr 18	05:00	Consumer Confidence	37.0	-	36.4

Japan consumer confidence rises for first time in six months (Thomson Financial News)

Japanese consumer confidence rose for the first time in six months in March as worries about a weakening economy and rising consumer prices eased, according to government data released on Friday.

[ Full Story ]

Read the Consumer Confidence report at Japan Cabinet Office
Japan Govt: March Consumer Sentiment 36.7 Vs 36.1 February (Dow Jones)

Australia IMPORT PRICE INDEX

Date (GMT)		Event	Actual	Cons.	Previous
Apr 18	01:30	Export Price Index (QoQ)	3.5%	3.0%	-0.6%
Apr 18	01:30	Import Price Index (QoQ)	2.7%	0.5%	0.2%

Australian Import Price Index +2.7% In 1Q Vs 4Q (Dow Jones)

A price index of Australian imports rose 2.7% in the first quarter of 2008 from the fourth quarter 2007, the Australian Bureau of Statistics said Friday. The price index for exports rose 3.5% in the first quarter from the fourth quarter.

[ Full Story ]

Read the International Trade Index report at Australian Bureau of Statistics

Economic Events

Date (GMT)		Country	Event	Actual	Cons.	Previous
Apr 18	05:00	JP	Consumer Confidence (Mar)	37.0		36.4
	05:00	JP	Consumer Confidence Households (Mar)	36.7		36.1
	06:00	DE	Producer Price Index (MoM) (Mar)	0.7%	0.5%	0.7%
	06:00	DE	Producer Price Index (YoY) (Mar)	4.2%	4.0%	3.8%
	08:30	UK	M4 Money Supply (MoM) (Mar)		0.5%	0.2%
	08:30	UK	M4 Money Supply (YoY) (Mar)		11.6%	12.4%
	08:30	UK	M4 Sterling Lending (Mar)		£15.0B	£17.4B
	08:30	UK	Public Sector Net Borrowing (Mar)		£7.8	£2.7B
	12:30	CA	Leading Indicators (MoM) (Mar)		0.1%	-0.3%
	12:30	CA	Wholesale Sales (MoM) (Feb)		0.4%	2.6%

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