Friday, Apr 17, 08:02 GMT
EUROPEAN Trading Newsletter
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Forex Blogs
Trading for a living: Very fast 40 pips at the Frankfurt opening by David Aranzabal
Today we got a very fast reaction (unexpectedly for myself) on Cable. Let's review the trade:
− 60m MACD under the water line.
− Triple top in 1m before Franfurt open.
The Trader's Edge: Will the USD/CAD continue to rise? by Ross Yamashita
Forex Trading Today: Market Sentiment Finishes the Week with Subtle Lack of Clarity by Tim Salem
Find other fellow traders to share your comments and market view in the FOREX FORUM
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Live Sessions Schedule
Trading Break Out's And Other Market Views
Expert: Phil Newton
Start: Fri, Apr 17, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Trend Trading with Breakouts
Expert: Sam Seiden
Start: Fri, Apr 17, 11:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| 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 |  |
| Fri, Apr 17, 10:00 GMT | Trading Break Out's And Other Market Views | Phil Newton | WBN | |
| Fri, Apr 17, 11:00 GMT | Trend Trading with Breakouts | Sam Seiden | WBN | |
Current Session: Europe
Easy Forex − The Euro (EUR) found support in the low 1.31's as the market responded negatively to the slowing Chinese GDP Q1 at 6.1% y/y. The rebound from these levels came as EUR/JPY buying emerged after JP Morgan's results. CPI (Mar) came out at 0.6% as forecasted. Overall the EUR/USD traded with a low of 1.3128 and a high of 1.3267 before closing at 1.3180. Looking ahead, EU Trade (Feb) forecast at −5.5bn vs. −10.5 bn previously.
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AUD/USD
GBP/USD falls 0.80% today to tests 1.4800 level by CMS Forex
GBP/USD has fallen 0.80% from today's opening price at 1.4929, to break 1.4850 support and test 1.4800 level. Currently the pair is trading around 1.4840/50.
USD/JPY
Currency Majors Technical Perspective by FXstreet.com Independent Analyst Team
Pair managed to move higher and break above the congestion zone around 99.30/40 that had been holding the upside in the pair past two days.
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 TRADE BALANCE N.S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Apr 17 | 09:00 | Trade Balance n.s.a. | -€5.0B | -€10.5B |
| Apr 17 | 09:00 | Trade Balance s.a. | -€3.5B | -€5.5B |
EMU economic indicators - Trade balance: Probably improved 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
Japan CONSUMER CONFIDENCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 17 | 05:00 | Consumer Confidence | 29.6 | 30.0 | 27.6 |
Japan Govt: Consumer Sentiment Index 28.9 Mar Vs 26.7 Feb (Dow Jones)
Japan's consumer sentiment index improved for the third straight month in March, the government said Friday, yet the near−record−low level suggests consumers are still reluctant to spend. The Cabinet Office's consumer confidence survey index, which measures consumers' economic outlook for the coming six months, rose by 2.2 points to 28.9, compared with 26.7 in February, according to the government's data.
[ Full Story ]- Read the Confidence data at ESRI
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 17 | 05:00 | JP | Consumer Confidence (Mar) | 29.6 | 30.0 | 27.6 |
| 05:00 | JP | Consumer Confidence Households (Mar) | 28.9 | 29.0 | 26.7 | |
| 08:01 | JP | Bank of Japan Monthly Economic Survey | ||||
| 07:15 | CH | Adjusted Real Retail Sales (YoY) (Feb) | -3.8% | -0.2% | 1.2% | |
| 09:00 | EMU | Trade Balance n.s.a. (Feb) | -€5.0B | -€10.5B | ||
| 09:00 | EMU | Trade Balance s.a. (Feb) | -€3.5B | -€5.5B | ||
| 11:00 | CA | Bank of Canada Consumer Price Index Core (MoM) (Mar) | 0.2% | 0.5% | ||
| 11:00 | CA | Bank of Canada Consumer Price Index Core (YoY) (Mar) | 1.9% | 1.9% | ||
| 11:00 | CA | Consumer Price Index (MoM) (Mar) | 0.3% | 0.7% | ||
| 11:00 | CA | Consumer Price Index (YoY) (Mar) | 1.4% | 1.4% | ||