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EUROPEAN Trading Newsletter
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Start: Wed, Apr 23, 09:00 GMT
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Main Fundamental theme in the Currency market
Expert: Kathy Lien
Start: Wed, Apr 23, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Apr 23, 09:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN | |
| Wed, Apr 23, 11:00 GMT | Common Break−Out Strategies  | Adam Rosen | WBN |  |
| Wed, Apr 23, 13:00 GMT | Main Fundamental theme in the Currency market | Kathy Lien | WBN | |
| Wed, Apr 23, 14:00 GMT | Stocks for currency traders | John Jagerson | WBN |  |
Current Session: Europe
EUR/USD
Daily Market Commentary − The dollar made a sharp decline versus all the majors on Tuesday by Global Forex Trading
Euro/dollar finally broke above 1.6000 in a very choppy manner and my model was forced to turn long again. The uptrend remains in place, but choppy trading should prevail. Above 1.6020, the next levels are 1.6040 and 1.6080. Distant resistance is now seen at 1.6185. Initial support is seen at 1.5945. Below 1.5874, euro/dollar has support at 1.5815 and 1.5760. Distant support is at 1.5715.
- 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
Daily Technical Analysis − EUR: Attempt tiny longs at 1.5975, adding to 1.5900 by Mizuho Corporate Bank
Currency Performance
Currency Performance Report − Asia Session Performance by FXstreet.com
Currencies at a Glance
- EUR/USD
- Trades above pivot level 1.5948
04/23/2008 06:54 GMT - GBP/USD
- Moves down below pivot level 1.9898
04/23/2008 06:55 GMT - USD/CHF
- Moves up above pivot level 1.0053
04/23/2008 06:55 GMT - USD/JPY
- Trades around pivot level 103.08
04/23/2008 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
EMU PMI MANUFACTURING
| Date (GMT) | Event | Cons. | Previous | |
| Apr 23 | 08:00 | Purchasing Manager Index Services | 51.4 | 51.6 |
| Apr 23 | 08:00 | PMI Manufacturing | 51.6 | 52.0 |
EMU economic indicators - M3 growth probably slowed down to 10.3% yoy in March by BHF−Bank
The April RBS PMI manufacturing indices for Germany and the EMU could have fallen. Furthermore, the crude oil price has continued to rise and the euro has appreciated. Thus the RBS purchasing managers' index for the German and for the EMU manufacturing sector might both have deteriorated in April.
[ Full Story ]Top Market Movers Review
Australia CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 23 | 01:30 | Consumer Price Index (QoQ) | 1.3% | - | 0.9% |
| Apr 23 | 01:30 | Consumer Price Index (YoY) | 4.2% | - | 3.0% |
DATA SNAP: Australian CPI Speeding Up (Dow Jones)
Australia's consumer price index rose 1.3% in the first quarter of 2008 from the fourth quarter 2007 and rose 4.2% from a year earlier, the Australian Bureau of Statistics said Wednesday. Economists on average had expected that the CPI rose 1.2% from the previous quarter and rose 4.0% from a year earlier. In the fourth quarter 2007, the CPI rose 0.9% on quarter and 3.0% on year.
[ Full Story ]- Read the Consumer Price Index report at Australian Bureau of Statistics
- Australia's Q1 inflation data lifts chances of further rate hikes − economists (Thomson Financial News)
- Australian dollar hits 24−year high above 95 U.S. cents on Q1 CPI data (Thomson Financial News)
- Australia's headline CPI rises 1.3 percent in Q1, more than forecast − UPDATE (Thomson Financial News)
Start the Day - Australian Q1 CPI +4.25% Y/Y, highest in 17 years by Mizuho Corporate Bank
Pairs to Range Trade - AUDNZD Consolidation Offers Opening to Range Trade by FXCM
Daily Forex Outlook - Euro breaks the key 1.60 level following hawkish outlook for the Euro Zone. Aussie CPI due out today by Easy Forex
Japan MERCHANDISE TRADE BALANCE TOTAL
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 22 | 23:50 | Merchandise Trade Balance Total | ¥1118.6B | ¥1405.0B | ¥970.0B |
| Apr 22 | 23:50 | Adjusted Merchandise Trade Balance | ¥770.0B | ¥890.0B | ¥598.4B |
Japan Mar Trade Surplus Down 30.2% Y/Y; Expected Down 15.3% (Dow Jones)
Japan's March merchandise trade surplus shrank 30.2% from a year earlier to Y1.119 trillion, Finance Ministry data showed Wednesday, indicating a slowdown in export growth that could drag down the overall economy. Economists surveyed by Dow Jones and Nikkei estimated on average the surplus would come to Y1.358 trillion in March, down 15.3% from a year earlier.
[ Full Story ]- Read the Trade Balance report at Japan Ministry of Finance
- Japan's trade surplus falls 30.2 pct in March on higher oil prices − UPDATE (Thomson Financial News)
- Japan's trade surplus falls 30.2 pct in March, misses forecast (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 22 | 23:50 | JP | Adjusted Merchandise Trade Balance (Mar) | ¥770.0B | ¥890.0B | ¥598.4B |
| Apr 23 | 01:30 | AU | Consumer Price Index (QoQ) (1Q) | 1.3% | 0.9% | |
| 01:30 | AU | Consumer Price Index (YoY) (1Q) | 4.2% | 3.0% | ||
| 03:00 | NZ | Credit Card Spending (Mar) | 3.5 | 8.1 | ||
| 07:30 | DE | PMI Manufacturing (Apr)  | 54.8 | 55.1 | ||
| 07:30 | DE | Purchasing Manager Index Services (Apr) | 51.5 | 51.8 | ||
| 08:00 | EMU | PMI Manufacturing (Apr) | 51.6 | 52.0 | ||
| 08:00 | EMU | Purchasing Manager Index Services (Apr) | 51.4 | 51.6 | ||
| 08:30 | UK | Bank of England Minutes (Apr 10) | ||||
| 08:30 | UK | BBA Mortgage Approvals (Mar) | 43.8K | |||