Monday, Apr 20, 07:39 GMT
EUROPEAN Trading Newsletter
To Get Started
- Webinar Videos: How To Identify And Trade A Wide Range by Steve Misic
- All the events of the day in our Economic Calendar
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Forex Blogs
Forex Trading Today: The Pacific Dollars and Crosses Look Towards Potential Appreciation by Tim Salem
With subtle Opening Gaps during the Sydney Open, we take a look at the "Bottoming and Basing" Consolidation Activity of the last few days with the Pacific Dollars… where both the Aussie and the Kiwi look to Appreciate with High−Probablility from these tight Ranges…
1st on Forex: The Week Ahead – C*ap and Trade! by Jerry Furst
Forexology: Elliot waves and Harmonic patterns by Sunil Mangwani
Find other fellow traders to share your comments and market view in the FOREX FORUM
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Live Sessions Schedule
Using Fibonacci ratios to manage your trades efficiently
Expert: Sunil Mangwani
Start: Mon, Apr 20, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
Forex Point & Figure Trading
Expert: James Chen
Start: Mon, Apr 20, 13:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Apr 20, 09:00 GMT | Using Fibonacci ratios to manage your trades efficiently | Sunil Mangwani | WBN | |
| Mon, Apr 20, 11:00 GMT | Get Organized: Use A Daily Forex Checklist  | Steve Misic | WBN |  |
| Mon, Apr 20, 13:00 GMT | Forex Point & Figure Trading | James Chen | WBN | |
| Mon, Apr 20, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN |  |
Current Session: Europe
EURUSD: Corrective Weakness Still Remains In Progress
FXTechstrategy − With EUR reversing its previous week gains and breaking back below the 1.3330 level, its Jan 27'09 high/former range top into its broader consolidation range(between 1.3330 & 1.2330 levels)again, risk has increased for further declines towards its key support at the 1.3113 level, its Mar 30'09 low.
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GBP/USD
Sterling held by the sellers on Friday and is looking weaker today by Charmer Charts.com
Sterling held by the sellers on Friday, and is looking weaker today trading through first longer term support at 1.4716. Now if this loss 1.4700 sellers will be on the move again looking for a way to push this lower for 1.4642/35.
USD/JPY
Neutral Sentiment on the IntraDay Level by FXstreet.com Independent Analyst Team
Neutral Sentiment on the IntraDay Level with loose Consolidation back into the horizontal Hourly Range Channel @ 99.00 to 99.65, respectively. RSI Readings @ "47" confirm slight Bullish Sentiment with additional Validation by Hourly turning of the 20SMA.
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 LEADING INDICATORS
| Date (GMT) | Event | Cons. | Previous | |
| Apr 20 | 14:00 | Leading Indicators (MoM) | -0.2% | -0.4% |
Friday Notes - Leading Indicators: The index is not yet signalling recovery by UniCredit Group
Several components for March have been reported, and the results were mixed. Hours worked fell. The stock market rally during the month did not quite reverse the drop in February, but it did boost consumer sentiment.
[ Full Story ]Top Market Movers Review
Australia PRODUCER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 20 | 01:30 | Producer Price Index (QoQ) | -0.4% | 0.6% | 1.3% |
Australian 1Q Final PPI −0.4% Vs 4Q, +4.0% On Yr (Dow Jones)
An index of final Australian producer prices fell 0.4% in the first quarter of 2009 from the fourth quarter and rose 4.0% on year, the Australian Bureau of Statistics said Monday. The index measures prices of capital and consumer items to final buyers. The fall in the index in the first quarter was due to building construction, petroleum refining and dairy product manufacturing, the bureau said.
[ Full Story ]- Read the PPI data at Australian Bureau of Statistics
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 20 | 01:30 | AU | Producer Price Index (QoQ) (1Q) | -0.4% | 0.6% | 1.3% |
| 05:00 | JP | Coincident Index (Feb) | 86.0% | 86.0% | 89.6% | |
| 05:00 | JP | Leading Economic Index (Feb) | 75.2 | 75.2 | 77.2 | |
| 06:00 | JP | BoJ's Governor Shirakawa Speech | ||||
| 12:30 | CA | Canadian Investment in Foreign Securities (Feb) | $4.18B | |||
| 12:30 | CA | Foreign investment in Canadian securities (Feb) | $10.43B | |||
| 14:00 | US | Leading Indicators (MoM) (Mar) | -0.2% | -0.4% | ||
| 22:45 | NZ | Visitor Arrivals (Mar) | 2.9% | |||
| Apr 21 | 06:00 | DE | Producer Price Index (MoM) (Mar) | -0.3% | -0.5% | |
| 06:00 | DE | Producer Price Index (YoY) (Mar) | 0.9% | |||