Thursday, Apr 16, 07:41 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: Technical Trading Strategist in the short and longer term by Valeria Bednarik
- All the events of the day in our Economic Calendar
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Forex Blogs
The Day Job Trader: Last Hooray For GBP/USD? by Ryan O'Keefe
GBP/USD looks a little sickly to me headed into tonight's Asian trading session. I'm not convinced the pair will hold $1.50 but I'm also not willing to step in front of this trend. The cross pair GBP/JPY has a clearer technical picture in my opinion so I thought I'd focus on it tonight.
Forex Trading Today: InterMarket Views Provide Uncertain Clarity with GBP/USD, Crude, and the Dow by Tim Salem
FXbootcamp: Pre London Outlook For April 16th 2009 by David Pegler
Find other fellow traders to share your comments and market view in the FOREX FORUM
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Live Sessions Schedule
MONTHLY WEBINAR: Part 1− My favorite technical indicators to trade Forex
Expert: Valeria Bednarik
Start: Thu, Apr 16, 13:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Apr 16, 13:00 GMT | MONTHLY WEBINAR: Part 1− My favorite technical indicators to trade Forex | Valeria Bednarik | WBN |  |
| Thu, Apr 16, 15:30 GMT | MONTHLY WEBINAR: Part 2 − Real time application of my favorite indicators  | Valeria Bednarik | WBN | |
| Fri, Apr 17, 08:00 GMT | Outlook for the major currencies this week | Ian Copsey | WBN | |
| Fri, Apr 17, 09:00 GMT | Advanced APF Methods To Determine The Price Momentum | Sunil Mangwani | WBN |  |
Current Session: Europe
Asian markets rose, China slowest growth in decade, USD rise slightly against majors
FXstreet.com − Asian stocks markets have risen today after fast finish pace on Wall Street yesterday and China's GDP is seeing in a confidence view despite the lowest pace in a decade. GBP/USD has fallen below 1.5000 level, EUR/USD is trading below 1.3200, USD/JPY is testing the 98.85 support level and USD/CHF
.
GBP/USD
GBP: Buy at 1.4865; stop below 1.4550 by Mizuho Corporate Bank
Hovering cautiously under the psychological level at 1.5000 and could do with a bit of help from other major currencies to trade through here.
USD/JPY
Currency Majors Technical Perspective by FXstreet.com Independent Analyst Team
Not much change from previous outlook, the pair is consolidating around the 99.40 zone, and seems unable to confirm a break above.
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
EMU INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Apr 16 | 09:00 | Industrial Production w.d.a. (YoY) | -18.0% | -17.3% |
| Apr 16 | 09:00 | Industrial Production s.a. (MoM) | -2.5% | -3.5% |
EMU economic indicators - EMU industrial production (February): down by BHF−Bank
EMU industrial production is likely to have continued decreasing in February, as the corresponding national figures did. Following its seasonal pattern, the EMU trade balance will probably have improved in February, just like the corresponding German figure.
[ Full Story ]Top Market Movers Review
US FED'S BEIGE BOOK
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 15 | 18:00 | Fed's Beige Book | - | - | - |
March Fed's Beige Book Summary (FXstreet.com)
A U.S. Federal Reserve survey released Wednesday was slightly more optimistic than last month, showing that the pace of economic decline may be starting to moderate in some parts of the country. Reports from the 12 regional Fed banks show that, in general, the recession deepened further through early April. All districts reported downward pressure on prices and troubled labor markets.
[ Full Story ]- Read the Beige Book data at Federal Reserve
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 16 | 01:30 | AU | RBA Foreign Exchange Transaction (Mar) | 7.18B | 2.29B |
|
| 06:02 | JP | Machine Tool Orders (YoY) (Mar) | -85.2% | -84.4% | ||
| 07:15 | CH | Producer and Import Prices (MoM) (Mar) | -0.5% | -0.2% | -0.6% | |
| 07:15 | CH | Producer and Import Prices (YoY) (Mar) | -2.8% | -2.4% | -1.8% | |
| 09:00 | EMU | Consumer Price Index − Core (YoY) (Mar) | 1.4% | 1.7% | ||
| 09:00 | EMU | Consumer Price Index (MoM) (Mar) | 0.4% | 0.4% | ||
| 09:00 | EMU | Consumer Price Index (YoY) (Mar) | 0.6% | 0.6% | ||
| 09:00 | EMU | Industrial Production s.a. (MoM) (Feb) | -2.5% | -3.5% | ||
| 09:00 | EMU | Industrial Production w.d.a. (YoY) (Feb) | -18.0% | -17.3% | ||
| 12:30 | US | Building Permits (MoM) (Mar) | 550.000M | 0.547M | ||