Wednesday, Apr 15, 07:23 GMT
EUROPEAN Trading Newsletter
To Get Started
- Introducing Active Trader Special live event to present the new FXCM’s trading platform. April 16th at 14:00 GMT
- Join the awesome educational experience brought to you by FXstreet.com team - The Learning Center is a new, serious and refreshing program to learn Forex!
- Webinar Videos: Pitchforks with Fibonacci Retracement by Mark Whistler
- All the events of the day in our Economic Calendar
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Forex Blogs
Forex Trading Today: EUR/USD and EUR/JPY Look Poised to Retreat in the Near−Term by Tim Salem
Greetings, Everyone and welcome to Wednesday! The Euro and Euro Yen find themselves at Key Areas on the Daily Views… and strong Support and Resistance Areas are clear on each.
FxBootcamp: Pre London Outlook For April 15th 2009 by David R Pegler
Chartology: Part One of Today’s Chart Pattern Trading webinar by Raghee Horner
Find other fellow traders to share your comments and market view in the FOREX FORUM
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Live Sessions Schedule
Trend Trading with Breakouts
Expert: Sam Seiden
Start: Wed, Apr 15, 08:00 GMT
Type of Session: Webinar
FX Instructor Live Trading Room
Expert: Mark De La Paz
Start: Wed, Apr 15, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Apr 15, 08:00 GMT | Trend Trading with Breakouts | Sam Seiden | WBN |  |
| Wed, Apr 15, 09:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN | |
| Wed, Apr 15, 10:00 GMT | Trading Break Out's And Other Market Views | Phil Newton | WBN |  |
| Wed, Apr 15, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN | |
Current Session: Europe
Asian markets fall on disappointed US data and strong Yen
FXstreet − Asian stocks are dropping after US retail sales decline against expectations and the Yen strengthening wich is hurting the Japanese exportations. USD/JPY has fallen below 98.50, EUR/USD is flirting with the 1.3230 level, GBP/USD is testing the 1.4860 support and USD/CHF has risen above 1.1400.
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USD/JPY
Daily Forex Strategy Briefing − USD/JPY Testing Support by CMS Forex
The USD/JPY fell sharply today, pressured by decreasing risk appetite as equity and commodity prices declined.
GBP/USD
Currency Majors Technical Perspective by FXstreet.com Independent Analyst Team
Bullish bias remains intact in the pair, with hourly 20 SMA acting as dynamic support and guiding the movement.
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
US CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Apr 15 | 12:30 | Consumer Price Index (YoY) | 0.0% | 0.2% |
| Apr 15 | 12:30 | Consumer Price Index Ex Food & Energy (YoY) | 1.7% | 1.8% |
| Apr 15 | 12:30 | Consumer Price Index (MoM) | 0.1% | 0.4% |
| Apr 15 | 12:30 | Consumer Price Index Ex Food & Energy (MoM) | 0.1% | 0.2% |
US economic indicators - CPI & PPI (Mar): negative annual rates by BHF−Bank
CPI increased by 0.4% mom in February, due to higher energy prices, and thus the annual rate did not enter negative territory. But this is likely to happen in March, as we expect CPI to have risen by 0.1% mom: average gasoline prices only went up slightly, and the retail sector will have offered price incentives in order to generate sales despite sharply rising unemployment.
[ Full Story ]Top Market Movers Review
Japan INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 15 | 04:30 | Industrial Production (YoY) | -38.4% | - | -31.0% |
| Apr 15 | 04:30 | Capacity Utilization | -11.9 | - | -12.9 |
| Apr 15 | 04:30 | Industrial Production (MoM) | -9.4% | -9.4% | -9.2% |
Japan Feb Revised Indus Output −9.4% M/M Vs −9.4% Prelim (Dow Jones)
Japanese industrial output fell 9.4% from a month earlier in February, revised data released Wednesday by the Japanese government showed.
[ Full Story ]- Read the Industrial data at METI
- Japan Feb Revised Indus Output Table Of Data (Dow Jones)
Australia WESTPAC LEADING INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 15 | 00:30 | Westpac Leading Index (MoM) | -0.3% | - | -0.7% |
Australian Leading Economic Index −0.3% In February (Dow Jones)
A leading index of the Australian economy contracted 0.3% in February from January, and fell at an annualized rate of 5.1% in the month to its lowest level since September 1982. The index of where the economy is headed in the next three to nine months is compiled monthly by Westpac Banking Corp. and Melbourne University's Institute of Applied Economic and Social Research.
[ Full Story ]- Read the Leading data at Melbourne Institute
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 15 | 04:30 | JP | Capacity Utilization (Feb) | -11.9 | -12.9 | |
| 04:30 | JP | Industrial Production (MoM) (Feb) | -9.4% | -9.4% | -9.2% |
|
| 04:30 | JP | Industrial Production (YoY) (Feb) | -38.4% | -31.0% | ||
| 06:00 | DE | Wholesale Price Index (MoM) (Mar) | -0.9% | -0.2% | -0.1% | |
| 08:30 | UK | DCLG House Price Index (YoY) (Feb) | -11.2% | -11.5% | ||
| 12:30 | US | Consumer Price Index (MoM) (Mar) | 0.1% | 0.4% | ||
| 12:30 | US | Consumer Price Index (YoY) (Mar) | 0.0% | 0.2% | ||
| 12:30 | US | Consumer Price Index Ex Food & Energy (MoM) (Mar) | 0.1% | 0.2% | ||
| 12:30 | US | Consumer Price Index Ex Food & Energy (YoY) (Mar) | 1.7% | 1.8% | ||
| 12:30 | CA | New Motor Vehicle Sales (MoM) (Feb) | -2.0% | 5.5% | ||