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EUROPEAN Trading Newsletter
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Live Sessions Schedule
How to Get Started Trading Forex
Expert: Steve Primo
Start: Thu, Apr 24, 15:00 GMT
Type of Session: Webinar
Live Look at Today's Markets
Expert: Derek Frey
Start: Thu, Apr 24, 17:00 GMT
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Type of Session: Webinar
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| Thu, Apr 24, 09:00 GMT | Tracking the forex market together / Part I  | Dr.S.Sivaraman | WBN |  |
| Thu, Apr 24, 11:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN |  |
| Thu, Apr 24, 14:00 GMT | Tracking the forex market together / Part II | Dr.S.Sivaraman | WBN | |
| Thu, Apr 24, 15:00 GMT | How to Get Started Trading Forex | Steve Primo | WBN | |
Current Session: Europe
USD/JPY
Daily Market Commentary − The dollar has been traversing unusually murky waters in the past couple of days by Global Forex Trading
Dollar/yen rallied on Wednesday to reverse Tuesday's losses but remained comfortably within Friday's range. My system is long. Today should see consolidation. Immediate resistance is at 103.40 from a 50−point pivot, which targets 102.90 and 103.90. The next levels are at 104.50 and 105.20. Distant resistance is at 106.50. Initial support is at 102.70. The next level is 102.30 from another 50−point pivot, which targets 101.80 and 102.80.
- 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 small longs at 1.5850; stop below 1.5800 by Mizuho Corporate Bank
Currency Performance
Currency Performance Report − Asia Session Performance by FXstreet.com
Currencies at a Glance
- EUR/USD
- Moves down below first support level 1.5832
04/24/2008 07:00 GMT - GBP/USD
- Moves down towards first support level 1.9726
04/24/2008 07:00 GMT - USD/CHF
- Moves up towards first resistant level 1.0208
04/24/2008 07:01 GMT - USD/JPY
- Moves up above first resistant level 103.86
04/24/2008 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
EMU IFO − EXPECTATIONS
| Date (GMT) | Event | Cons. | Previous | |
| Apr 24 | 08:00 | IFO − Business Climate | 104.3 | 104.8 |
| Apr 24 | 08:00 | IFO − Expectations | 98.0 | 98.4 |
EMU economic indicators - M3 growth probably slowed down to 10.3% yoy in March by BHF−Bank
In April, the German ifo business climate index is likely to have deteriorated. The US ISM manufacturing index rose slightly in March, but the German ZEW economic sentiment has dropped in April. As a result of the increase in short and long−term interest rates, the German yield spread has improved, but not enough to compensate for its drop in the first half of March.
[ Full Story ]Top Market Movers Review
Japan CORPORATE SERVICE PRICE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 23 | 23:50 | Corporate Service Price (YoY) | 0.4% | 0.7% | 0.7% |
Japan March Corp Svc Prices +0.4% On Mo, +0.4% On Yr (Dow Jones)
The Bank of Japan's corporate service price index for March came in at 94.5, up 0.4% from February and up 0.4% from a year earlier, the central bank said Thursday. Last month's rise marked the 20th straight month of on−year growth for the CSPI. The result was lower than the 0.7% rise expected by economists and lower than the 0.7% increase for February.
[ Full Story ]- Read the Corporate Service Price Index report at Bank of Japan
- Japan March Corporate Service Price Index Table Of Data (Dow Jones)
- Japan March corporate services price index up 0.4 percent (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 23 | 21:00 | NZ | RBNZ Interest Rate Decision | 8.25% | 8.25% | 8.25% |
| 23:50 | JP | All Industry Activity Index (MoM) (Feb) | -1.4% | -0.5% | 0.0% | |
| 23:50 | JP | Corporate Service Price (YoY) (Mar) | 0.4% | 0.7% | 0.7% | |
| Apr 24 | 08:00 | EMU | Current Account n.s.a (Feb) | -19.1B | ||
| 08:00 | EMU | Current Account s.a (Feb) | -11.2B | -10.6B | ||
| 08:00 | DE | IFO − Business Climate (Apr) | 104.3 | 104.8 | ||
| 08:00 | EMU | IFO − Expectations (Apr) | 98.0 | 98.4 | ||
| 08:30 | UK | Retail Sales (MoM) (Mar) | -0.3% | 1.0% | ||
| 08:30 | UK | Retail Sales (YoY) (Mar) | 4.3% | 5.5% | ||
| 10:00 | UK | CBI Industrial Trends Survey − Orders (MoM) (Apr) | 4% | 7% | ||