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Forex Blogs
Forex Trading Today: Quiet Consolidation Arrives To EUR/USD and USD/CHF Moving to the Holiday by Tim Salem (CVJ)
We are seeing Price Action, as we usually do, move into "Quiet and Muted Consolidation" as we head into the Holiday Easter Weekend.
FX Path: Support Break Bearishness by James Chen
Francesc's Weblog: Forex - April 2009: Second Monetary Blast Hits EURO/USD exchange rate by Francesc Riverola
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Live Sessions Schedule
Tracking the forex market together / Part I − Free Access Day
Expert: Dr.S.Sivaraman
Start: Thu, Apr 9, 09:00 GMT
Type of Session: Webinar
Canada Employment Rate: Navigating the news in real time − Free Access Day
Expert: Dustin Pass
Start: Thu, Apr 9, 10:15 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Apr 9, 09:00 GMT | Tracking the forex market together / Part I − Free Access Day | Dr.S.Sivaraman | WBN |  |
| Thu, Apr 9, 10:15 GMT | Canada Employment Rate: Navigating the news in real time − Free Access Day | Dustin Pass | WBN | |
| Thu, Apr 9, 12:00 GMT | FX Instructor Live Trading Room − Free Access Day | Mark De La Paz | WBN |  |
| Thu, Apr 9, 13:00 GMT | Tracking the forex market together / Part II − Free Access Day | Dr.S.Sivaraman | WBN | |
Current Session: Europe
Forex: EUR/USD: Euro at 1.3300/10 resistance level
FXstreet.com − The Euro is setting an assault to the 1.3300/10 resistance level ahead of the European session opening, after having consolidated above 1.3230 during the whole Asian session.
In case of successful climbing above 1.3300/10 (Apr 8 high) the Euro could find resistance at 1.3340/50 and above here, 1.3405 (Apr 7 high). On the downside support levels lay 1.3225/15 and below here 1.3175 and 1.3115 (Wednesday's low).
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GBP/USD
Forex Chartist Technical Analysis − Sterling had a narrow range yesterday by Charmer Charts.com
Currently there is a sideways motion going on, but buyers are expected soon to come looking for bargains and 1.4642/35 would be the levels that will entice buyers to show themselves.
AUD/USD
Recommended Trades − A break above .7120 would give way to .7225/30 by E−Forex
The Aussie is facing minor intra−day resistance at .7120 at the time of this writing. A break above the said level would give way to .7225/30 and maybe the key barrier at .7260. I
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, i-knowindices.com, Mizuho Corporate Bank, MolFX - Management
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
USD JPY, Hourly
GBP USD, Hourly
Top Market Movers Preview
Germany INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Apr 9 | 10:00 | Industrial Production s.a. (MoM) | -2.9% | -7.5% |
| Apr 9 | 10:00 | Industrial Production s.a. w.d.a. (YoY) | -21.7% | -19.3% |
Friday Notes - A further strong decline in industrial production is expected by UniCredit Group
The ongoing massive decline in demand as well as the spike in announcements of short−time work point to a further strong decline in industrial production following the slump in the preceding months. The cold winter weather also argues for a weak reading in February.
[ Full Story ]Top Market Movers Review
Germany CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 9 | 06:00 | Consumer Price Index (YoY) | 0.5% | 0.5% | 1.0% |
| Apr 9 | 06:00 | Consumer Price Index (MoM) | -0.1% | -0.1% | 0.6% |
German Final March CPI −0.1% On Month, +0.5% On Year (Dow Jones)
German annual inflation came in at the lowest rate since mid−1999 in March, due to falling fuel and heating oil prices, the country's federal statistics office said Thursday.
[ Full Story ]- Read Consumer prices in March 2009: +0.5% at Destatis
- Germany Consumer Price Index declines 0.1% in Mar; 0.5% up year on year (FXstreet.com)
Australia UNEMPLOYMENT RATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 9 | 01:30 | Unemployment Rate | 5.7% | 5.4% | 5.2% |
| Apr 9 | 01:30 | Employment Change | -34.7K | -24.8K | 1.1K |
DATA SNAP: Australian March Unemployment Rate 5.7% (Dow Jones)
Australia's unemployment rate rose to a seasonally adjusted 5.7% in March from 5.3% in February. The number of employed fell 34,700, the Australian Bureau of Statistics said Thursday.
[ Full Story ]- Read the Employment data at Australian Bureau of Statistics
- CORRECT: DATA SNAP: Australian March Unemployment Rate 5.7% (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 9 | 05:45 | CH | Unemployment Rate (Mar) | 3.4% | 3.5% | 3.4% |
| 06:00 | DE | Consumer Price Index (MoM) (Mar) | -0.1% | -0.1% | 0.6% | |
| 06:00 | DE | Consumer Price Index (YoY) (Mar) | 0.5% | 0.5% | 1.0% | |
| 06:00 | JP | Machine Tool Orders (YoY) (Mar)  | -85.5% | -84.4% | ||
| 08:00 | EMU | ECB Monthly Report (Apr 9) | ||||
| 08:30 | UK | Goods Trade Balance (Feb) | -£7.6 | -£7.7B | ||
| 08:30 | UK | Producer Price Index − Input (MoM) s.a (Mar) | 0.8% | 0.6% | ||
| 08:30 | UK | Producer Price Index − Input (YoY) n.s.a (Mar) | -0.7% | 0.5% | ||
| 08:30 | UK | Producer Price Index − Output (MoM) n.s.a (Mar) | 0.1% | 0.1% | ||
| 08:30 | UK | Producer Price Index − Output (YoY) n.s.a (Mar) | 2.1% | 3.1% | ||