Friday, Apr 25, 07:19 GMT
EUROPEAN Trading Newsletter
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- Webinar Videos: MONTHLY WEBINAR: Conversations with a Pro Trader - Part I by Andrei Pehar
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Live Sessions Schedule
The Forex Basic Training Program − Chapter II
Expert: Wayne McDonell
Start: Fri, Apr 25, 08:00 GMT
Type of Session: Webinar
Momentum and SMA 20: Alexander Elder Technique explained
Expert: Valeria Bednarik
Start: Fri, Apr 25, 12:00 GMT
Type of Session: Webinar
Topics
− How to set the right stops and limits for each major and time frame
− Profiting with a simple and reliable technique; special settings for each major
| Sponsored by | ||||
| Thu, Apr 24, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN |  |
| Fri, Apr 25, 08:00 GMT | The Forex Basic Training Program − Chapter II | Wayne McDonell | WBN |  |
| Fri, Apr 25, 10:00 GMT | Advanced APF Methods To Determine The Price Momentum  | Sunil Mangwani | WBN |  |
| Fri, Apr 25, 12:00 GMT | Momentum and SMA 20: Alexander Elder Technique explained | Valeria Bednarik | WBN | |
Current Session: Europe
EUR/USD
Hedging Range Trades − EURUSD to Retrace Before Trend Reversal, Hedge Offers Entry by FXCM
Traders looking to protect their existing short EURUSD position or enter short at a favorable price may consider a hedge long EURUSD above 1.5647 with a target at 1.5803. Once the profit target is hit, we expect the bearish trend to resume. We will maintain a stop−loss on our hedge position should EURUSD break out to the downside prior to the limit being hit. We will set the stop−loss near 1.5581.
- 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 Forex Commentary − Turn around by Jyske Bank
Currency Performance
Currency Performance Report − Asia Session Performance by FXstreet.com
Currencies at a Glance
- EUR/USD
- Moves down below opening price level 1.5684 , below pivot level 1.5741
04/25/2008 06:58 GMT - GBP/USD
- Moves down towards first support level 1.9680
04/25/2008 06:59 GMT - USD/CHF
- Moves up above opening price level 1.0355 , above pivot level 1.0293
04/25/2008 07:00 GMT - USD/JPY
- Moves up above opening price level 104.25 , above pivot level 104.04
04/25/2008 07:00 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 GROSS DOMESTIC PRODUCT
| Date (GMT) | Event | Cons. | Previous | |
| Apr 25 | 08:30 | Gross Domestic Product (YoY) | 2.6% | 2.8% |
| Apr 25 | 08:30 | Gross Domestic Product (QoQ) | 0.4% | 0.6% |
Trading News Report - Will U.K. GDP Provide Tradeable Event Risk? by FXCM
The GBP/USD has remained in a trading range between 1.9600 to 2.000 for nearly a month. The upcoming first quarter growth numbers may provide the impetus to break it free and put it onto its next trend phase. The economic report is expected to show growth slowed for a consecutive quarter to 0.4%, bringing the annualized rate to 2.6%, and remaining below its recent growth trend average of 3%.
[ Full Story ]Top Market Movers Review
Germany IMPORT PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 25 | 06:00 | Import Price Index (YoY) | 5.7% | 5.9% | 5.9% |
| Apr 25 | 06:00 | Import Price Index (MoM) | 0.4% | 0.6% | 1.1% |
German import prices rise in March on oil products (FXstreet.com)
Import prices have increased 5.7% in Germany in march from the same month last year, an increase somewhat lower than the 5.9% p0osted in February, according to figures released by the Federal Statistical Office.
[ Full Story ]- Read the Import prices data at German Statistics
- German March import prices up 0.4 pct vs Feb; up 5.7 pct yr−on−yr (Thomson Financial News)
- Germany: Import Price Index rises 0.4% in March; 5.7% up year on year (FXstreet.com)
Japan NATIONAL CPI EX−FRESH FOOD
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 24 | 23:30 | Tokyo CPI ex Fresh Food (YoY) | 0.7% | 0.5% | 0.6% |
| Apr 24 | 23:30 | National CPI Ex Food, Energy (YoY) | 0.1% | 0.0% | -0.1% |
| Apr 24 | 23:30 | National CPI Ex−Fresh Food (YoY) | 1.2% | 1.2% | 1.0% |
| Apr 24 | 23:30 | Tokyo CPI ex Food, Energy (YoY) | 0.0% | 0.1% | 0.1% |
Japan Mar Core CPI +1.2% On Year; Mkt Expected +1.2% (Dow Jones)
Japan's core consumer price index rose 1.2% in March from a year earlier, the Ministry of Internal Affairs and Communications said Friday, marking its biggest increase in almost a decade. The reading matched the 1.2% gain forecast by economists polled by Dow Jones Newswires and Nikkei. It was the fastest rise since a 1.8% increase in March 1998.
[ Full Story ]- Read the Consumer Price Index report at Statistics Bureau
- BoJ unlikely to move on rates after March inflation hits 10−year high (Thomson Financial News)
- Japan inflation hits 10−year high in March − UPDATE (Thomson Financial News)
- Japan inflation hits new 10−year high in March (Thomson Financial News)
Overnight Briefing: Far East Timezone - Japan inflation hits 10−year high by Jyske Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 24 | 23:30 | JP | National CPI Ex Food, Energy (YoY) (Mar) | 0.1% | 0.0% | -0.1% |
| 23:30 | JP | National CPI Ex−Fresh Food (YoY) (Mar) | 1.2% | 1.2% | 1.0% | |
| Apr 25 | 06:00 | DE | Import Price Index (MoM) (Mar) | 0.4% | 0.6% | 1.1% |
| 06:00 | DE | Import Price Index (YoY) (Mar) | 5.7% | 5.9% | 5.9% | |
| 08:00 | EMU | M3 (YoY) (Mar) | 10.6% | 11.3% | ||
| 08:30 | UK | Gross Domestic Product (QoQ) (1Q)  | 0.4% | 0.6% | ||
| 08:30 | UK | Gross Domestic Product (YoY) (1Q) | 2.6% | 2.8% | ||
| 08:30 | UK | Index of Services (Feb) | 0.4% | 0.6% | ||
| 14:00 | US | Reuters/Michigan Consumer Sentiment Index (Apr) | 63.5 | 69.5 | ||
| Apr 27 | 23:15 | JP | Nomura/ JMMA Manufacturing Puchasing Manager Index (Apr) | 49.5 | ||