Tuesday, Apr 22, 07:26 GMT
EUROPEAN Trading Newsletter
To Get Started
- Webinar Videos: Determine Best Studies To Use In Establishing Trend Following Trading System by Don Wilcox
- Check GBP movements in our charts
- FX Services: Exclusive day trading resources
Note that our messages might be blocked by anti-spam filters so please add newsletter@fxstreet.com or our domain (fxstreet.com) to your address book.
Live Sessions Schedule
Outlook for the major currencies this week
Expert: Ian Copsey
Start: Tue, Apr 22, 08:00 GMT
Sponsored by: 
Type of Session: Webinar
Trading with Autochartist
Expert: Raghee Horner
Start: Tue, Apr 22, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Apr 22, 08:00 GMT | Outlook for the major currencies this week | Ian Copsey | WBN | |
| Tue, Apr 22, 10:00 GMT | Trading the AUD, NZD and their Crosses  | Chris Capre | WBN |  |
| Tue, Apr 22, 11:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN |  |
| Tue, Apr 22, 15:00 GMT | Trading with Autochartist | Raghee Horner | WBN | |
Current Session: Europe
EUR/USD
Market Session Recaps − Asia Session by FOREX.com
The EUR/USD stuck to a 40 point range with a high near 1.5922 and a 1.5883 low tonight. Many traders were caught on the wrong end of the stick, feeling good about a strengthening dollar, and now once again looking to the looming 1.6000 EUR/USD psychological barrier. ECB comments about fighting rampant inflation with keeping interest rates put also helped put wind in the Euro's sails.
- Longer−term Support and Resistance Trading: Setups and Rules by Rob Booker, Currency Analyst Piptopia
- 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: (1.5913) Currently back in inverted channel off 1.5341 by KBC Bank
Weekly Analysis
Weekly Forex Market Commentary − The US economic agenda will start on Tuesday with the release of the existing homes for March by Global Forex Trading
Currencies at a Glance
- EUR/USD
- Moves down towards first support level 1.5818
04/22/2008 06:59 GMT - GBP/USD
- Moves down towards first support level 1.9711
04/22/2008 06:59 GMT - USD/CHF
- Moves up above pivot level 1.0118
04/22/2008 07:00 GMT - USD/JPY
- Trades below pivot level 103.44
04/22/2008 07:01 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
US EXISTING HOME SALES
| Date (GMT) | Event | Cons. | Previous | |
| Apr 22 | 14:00 | Existing Home Sales | 4.92M | 5.03M |
| Apr 22 | 14:00 | Existing Home Sales (MoM) | -1.6% | 2.9% |
The Week Ahead - The housing market has not bottomed yet by BBVA Bancomer
The housing market has not bottomed yet. We expect both existing and new home sales to continue their downward trend throughout 2008.
[ Full Story ]- Forex − U.S. dollar softer in Sydney morning trade before U.S. home sales data (Thomson Financial News)
- HIGHLIGHTS Outlook of US economic indicators to be released in the coming week (Thomson Financial News)
Weekly Forex Market Commentary - The US economic agenda will start on Tuesday with the release of the existing homes for March by Global Forex Trading
Asia Market Update - JPY crosses lower ahead of U.S. housing data by TradeTheNews.com
Top Market Movers Review
Switzerland TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 22 | 06:15 | Trade Balance | 1.25B | 0.70B | 1.55B |
Swiss trade surplus narrows in the first quarter (FXstreet.com)
Swiss trade surplus has narrowed in the first three months of the year although Swiss external commerce remains growing, according to data released by the Swiss Confederation.
[ Full Story ]- Read the Trade Balance data at Swiss Confederation [text in German]
- Switzerland Trade surplus narrows to 1.25B in Mar from 1.55B in Feb (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 22 | 06:15 | CH | Trade Balance (Mar) | 1.25B | 0.70B | 1.55B |
| 13:00 | CA | BoC Interest Rate Announcement | 3.0% | 3.5% | ||
| 14:00 | US | Existing Home Sales (Mar) | 4.92M | 5.03M | ||
| 14:00 | US | Existing Home Sales (MoM) (Mar) | -1.6% | 2.9% | ||
| 14:00 | US | Housing Price Index Q/Q (1Q) | -1.5 | -1.1 | ||
| 14:00 | US | Housing Price Index Y/Y (1Q) | -0.3% | |||
| 14:00 | US | Richmond Fed Manufacturing Index (Apr) | 2 | 6 | ||
| 21:00 | US | ABC Consumer Confidence (Apr 20) | -39 | |||
| 23:50 | JP | Adjusted Merchandise Trade Balance (Mar) | ¥890.0B | ¥598.4B | ||
| 23:50 | JP | Merchandise Trade Balance Total (Mar) | ¥1405B | ¥970B | ||