Tuesday, Apr 21, 07:20 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
The Trader's Edge: EUR/AUD Wave Pattern by Ross Yamashita
If you look at the EUR/AUD 10 minute chart, you'll see that there was almost a textbook 5 wave movement up. It is always nice to see a seemingly "clean" move up in the market.
Forex Trading Today: AUD/JPY and NZD/JPY Begin Corrective Behavior… Can It Be Sustained? by Tim Salem
The Disciplined Trader: Possible track for EUR/USD longer term by Pierre Charlebois
Find other fellow traders to share your comments and market view in the FOREX FORUM
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Live Sessions Schedule
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, Apr 21, 14:00 GMT
Type of Session: Webinar
Trading with Autochartist
Expert: Raghee Horner
Start: Tue, Apr 21, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Apr 21, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Tue, Apr 21, 14:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN |  |
| Tue, Apr 21, 15:00 GMT | Trading with Autochartist | Raghee Horner | WBN | |
| Tue, Apr 21, 16:00 GMT | Identifying the weekly fundamental trend of EURUSD | Javier Paz | WBN | |
Current Session: Europe
GBP/USD: Further weakness has been evident with 1.4468 the low
FXstreet.com − Sterling slammed lower and although 1.4700 held for a nanno second overhead pres− sure from sellers soon had this support reeling and from then it was a one way street to 1.4501. Now overnight further weakness has been evident with 1.4468 the low. Buyers have defended this region and have currently pushed this back above 1.4533/00. For today would play this from the long side and join buyers any level to 1.4533/1.4500.
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USD/JPY
Forex: USD/JPY: Dollar attempts recovery from 97.65 low by FXstreet.com
The Dollar has posted in Asian session an slight upward move after bouncing back at 97.65 low, reaching right below 98.50 level ahead of European session opening.
EUR/USD
EUR/USD: Euro attempts to consolidate above 1.2900 by FXstreet.com
The Euro has declined all the way from 1.3395 high on Apr 13 to a one month low at 1.2885 on Monday's U.S. session, the Euro has been moving afterwards from 1.2900 to 1.2950.
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
UK CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Apr 21 | 08:30 | Consumer Price Index (YoY) | 2.9% | 3.2% |
| Apr 21 | 08:30 | Core Consumer Price Index (YoY) | 1.5% | 1.6% |
| Apr 21 | 08:30 | Consumer Price Index (MoM) | 0.2% | 0.9% |
Friday Notes - UK, CPI: Inflation to resume downward trend by UniCredit Group
Following the unexpected acceleration in February, mostly driven by higher core and food prices, UK headline inflation should edge down again in March. We expect a slowdown to 2.9% from the 3.2% recorded in February.
[ Full Story ]Top Market Movers Review
Germany PRODUCER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 21 | 06:00 | Producer Price Index (MoM) | -0.7% | -0.3% | -0.5% |
| Apr 21 | 06:00 | Producer Price Index (YoY) | -0.5% | 0.0% | 0.9% |
DATA SNAP: German March PPI −0.7% MM, −0.5% YY (Dow Jones)
German producer prices in March decelerated more quickly than expected, turning the annual figure into negative territory, figures from the Federal Statistics Office showed Tuesday. Prices at the factory gate fell 0.7% in March from February, and dropped 0.5% from March 2008, it said.
[ Full Story ]- Read the PPI data at German Statistics
- Germany Mar PPI (MoM) down 0.7%, −0.5% YoY (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 20 | 14:00 | US | Leading Indicators (MoM) (Mar) | -0.3% | -0.2% | -0.4% |
| 22:45 | NZ | Visitor Arrivals (Mar) | -0.5% | 2.9% | ||
| Apr 21 | 06:00 | DE | Producer Price Index (MoM) (Mar) | -0.7% | -0.3% | -0.5% |
| 06:00 | DE | Producer Price Index (YoY) (Mar) | -0.5% | 0.0% | 0.9% | |
| 08:30 | UK | Consumer Price Index (MoM) (Mar) | 0.2% | 0.9% | ||
| 08:30 | UK | Consumer Price Index (YoY) (Mar) | 2.9% | 3.2% | ||
| 08:30 | UK | Core Consumer Price Index (YoY) (Mar) | 1.5% | 1.6% | ||
| 08:30 | UK | Retail Price Index (MoM) (Mar) | -0.2% | 0.6% | ||
| 08:30 | UK | Retail Price Index (YoY) (Mar) | -0.6% | 0.0% | ||
| 09:00 | DE | ZEW Survey − Economic Sentiment (Apr) | 2.3 | -3.5 | ||