Monday, Apr 28, 07:33 GMT
EUROPEAN Trading Newsletter
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Live Sessions Schedule
Understand & Use Fibonacci Ratio's Effectively
Expert: Sunil Mangwani
Start: Mon, Apr 28, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Weekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, Apr 28, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Apr 28, 10:00 GMT | Understand & Use Fibonacci Ratio's Effectively | Sunil Mangwani | WBN | |
| Mon, Apr 28, 11:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN | |
| Mon, Apr 28, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Mon, Apr 28, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
Current Session: Europe
EUR/USD
Forex Technical Analysis − EUR/USD: (1.5650) Below 1.5710 by KBC Bank
Below inverted channel off 1.5341 and Short Term Double Top off 1.5710 (see graph), after near perfect Reversal Day at high: 1st Support area at 1.5594/ .5592 (today's low?/ weekly projection band bottom), with next levels at 1.5558/ .5555 (daily Bollinger bottom/ last week low), where pause favored.
- Using Fibonacci levels to project price targets and timing by John Jagerson, Founder Profiting With Forex
- Check out how pairs moved: Live Currency Rates & Charts
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
Weekly Analysis
Weekly Forex Outlook − Another volatile week saw record highs for Euro by Easy Forex
FX Analysts' Comments
Average Daily Ranges by Wayne McDonell, FxBootcamp.com
Currencies at a Glance
- EUR/USD
- Back around pivot level 1.5620
04/28/2008 07:21 GMT - GBP/USD
- Moves down below pivot level 1.9798
04/28/2008 07:21 GMT - USD/CHF
- Trades below pivot level 1.0364
04/28/2008 07:22 GMT - USD/JPY
- Trades above pivot level 104.37
04/28/2008 07:23 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
Germany CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Apr 28 | 15:00 | Consumer Price Index (MoM) | - | 0.5% |
Friday Notes - ECB rate cuts – merely postponed! by HVB Group
A further increase in energy and food prices should have also driven consumer prices higher m−o−m in April. The y−o−y rate should, however, decline after the early Easter holiday and the disappearance of the base effect of the tuition fees introduced in several federal states in the pre−year month.
[ Full Story ]Weekly Forex Outlook - Another volatile week saw record highs for Euro by Easy Forex
Top Market Movers Review
Germany GFK CONSUMER CONFIDENCE SURVEY
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 28 | 06:10 | Gfk Consumer Confidence Survey | 5.9 | - | 4.8 |
UPDATE: German Consumer Sentiment Defies Pessimists (Dow Jones)
Consumer confidence in Germany turned strongly positive, soaring to the highest level since October 2007. German market research group GfK's forward−looking consumer climate index soared to 5.9 points for May from an upwardly revised 4.8 points in April, it said.
[ Full Story ]- Read the report: Germany: consumers regain confidence at GfK Group
- Germany's GfK sees May consumer climate index at 5.9 vs 4.8 in April (Thomson Financial News)
- German Consumer Confidence strengthened in April (FXstreet.com)
- Germany May Gfk Consumer Confidence Survey improves to 5.9 from 4.8 in Apr (FXstreet.com)
Friday Notes - ECB rate cuts – merely postponed! by HVB Group
Japan RETAIL TRADE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 27 | 23:50 | Retail Trade s.a (MoM) | 0.5% | - | -1.0% |
| Apr 27 | 23:50 | Retail Trade (YoY) | 1.1% | - | 3.1% |
| Apr 27 | 23:50 | Large Retailer's Sales | 0.2% | - | 1.3% |
Overnight Briefing: Far East Timezone - Japan March retail sales rise 1.1 % by Jyske Bank
Japanese retail sales rose as expected in March from a year earlier, but economists said the rise may have been influenced by rising prices, rather than stronger consumer spending.
[ Full Story ]- Read the Retail Sales report at Japan Ministry of Economy, Trade and Industry
- Japan's March retail sales up 1.1 percent on higher fuel prices − UPDATE (Thomson Financial News)
- Japan's March retail sales up 1.1 percent on higher fuel prices (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 27 | 23:50 | JP | Retail Trade (YoY) (Mar) | 1.1% | 3.1% | |
| 23:50 | JP | Retail Trade s.a (MoM) (Mar) | 0.5% | -1.0% | ||
| Apr 28 | 06:10 | DE | Gfk Consumer Confidence Survey (Mar) | 5.9 | 4.8 |
|
| 07:00 | EMU | ECB Trichet's Speech | ||||
| 09:45 | EMU | European Comission's Economic Growth Forecasts | ||||
| 15:00 | DE | Consumer Price Index (MoM) (Apr) | 0.5% | |||
| 22:45 | NZ | Trade Balance (Mar) | 258M | |||
| Apr 29 | 08:00 | EMU | Bloomberg Retail PMI (Apr) | 48.2 | ||
| 08:00 | DE | Bloomberg Retail PMI (Apr) | 51.5 | |||
| 08:00 | CH | UBS Consumption Indicator (Mar) | 2.321 | |||