Wednesday, Apr 22, 07:22 GMT
EUROPEAN Trading Newsletter
To Get Started
- Webinar Videos: My favorite technical indicators to trade Forex by Valeria Bednarik
- All the events of the day in our Economic Calendar
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Forex Blogs
Forex Trading Today: Appreciation Takes Hold At Key Levels With InterMarket Relations by Tim Salem
Key Levels are still being adhered to across the Currency Markets, despite high levels of "Rhetoric" out of the ECB, EuroZone Data Points, the surprise from the Bank of Canada and their Rate Cut, and the "Overall" Corrective nature of the Majors against the Dollar and Yen, respectively.
The Advisor Blog: Asian hourly report by Valeria Bednarik
Chartology: This Week’s Webinar Playback 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
FX Instructor Live Trading Room
Expert: Mark De La Paz
Start: Wed, Apr 22, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
Using Fibonacci ratios to manage your trades efficiently
Expert: Sunil Mangwani
Start: Wed, Apr 22, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Apr 22, 09:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN | |
| Wed, Apr 22, 10:00 GMT | Using Fibonacci ratios to manage your trades efficiently | Sunil Mangwani | WBN | |
| Wed, Apr 22, 12:00 GMT | Trading with the ATR & Bollinger Bands | Adam Rosen | WBN |  |
| Wed, Apr 22, 13:00 GMT | Main Fundamental theme in the Currency Market | John Kicklighter | WBN |  |
Current Session: Europe
Forex: USD/JPY: Dollar slightly down, moves above 98.10
FXstreet.com − The Dollar has weakened slightly against the Yen during the Asian session, from a 98.95 high reached yesterday on early Asian session, the Dollar has dropped to a minimum level at 98.10. At the moment the Dollar moves at 98.20, 0.46% below its opening price at 98.65.
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GBP/USD
Sterling has backed away from the short term 50% Fib level of 1.4703 by Charmer Charts.com
Sterling has backed away from the short term 50% Fib level of 1.4703 and currently lower at 1.4620. The hike from yesterdays low of 1.4468 has put this in a slightly stronger position this morning
EUR/USD
Forex Technical Analysis − EUR/USD: (1.2920) Drop from 1.3581 puts pair below 1.3113 by KBC Bank
Drop from 1.3581 puts the pair below 1.3113 (neckline Triple Top: see graph), with daily Bollinger bottom at 1.2883 today.
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 JOBLESS CLAIMS CHANGE
| Date (GMT) | Event | Cons. | Previous | |
| Apr 22 | 08:30 | Jobless Claims Change | 118.0K | 138.4K |
| Apr 22 | 08:30 | Claimant Count Rate | - | 4.3% |
| Apr 22 | 08:30 | ILO Unemployment Rate (3M) | 6.7% | 6.5% |
Asian markets gain driven by technologicals; Euro and Pound consolidate (FXstreet.com)
Also in the UK, unemployment figures will be released, jobless claims are expected to have grown by 117,000, and the ILO unemployment level is expected to have edged up to 6.7% in the three months to February, from 6.5% in January.
[ Full Story ]Top Market Movers Review
Australia CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 22 | 01:30 | Consumer Price Index (QoQ) | 0.1% | -0.5% | -0.3% |
DATA SNAP: Australian 1Q CPI +0.1% On Quarter (Dow Jones)
Australia's consumer price index rose 0.1% in the first quarter of 2009 from the fourth quarter of 2008 and rose 2.5% from a year earlier, the Australian Bureau of Statistics said Wednesday. Economists on average had expected the CPI rose 0.5% from the previous quarter and rose 2.8% from a year earlier.
[ Full Story ]- Read the CPI data at Australian Bureau of Statistics
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 21 | 23:50 | JP | Adjusted Merchandise Trade Balance (Mar) | ¥-97.10B | -¥0.25B | ¥71.10B |
| 23:50 | JP | Merchandise Trade Balance Total (Mar) | ¥11.0B | -¥27.0B | ¥82.1 |
|
| Apr 22 | 01:30 | AU | Consumer Price Index (QoQ) (1Q) | 0.1% | -0.5% | -0.3% |
| 01:30 | AU | Consumer Price Index (YoY) (1Q) | 2.5% | 2.8% | 3.7% | |
| 08:30 | UK | Average Earnings excluding Bonus (3Mo/Yr) (Mar) | 3.5% | |||
| 08:30 | UK | Average Earnings including Bonus (3Mo/Yr) (Feb) | 1.5% | 1.8% | ||
| 08:30 | UK | Bank of England Minutes | ||||
| 08:30 | UK | Claimant Count Rate (Mar) | 4.3% | |||
| 08:30 | UK | ILO Unemployment Rate (3M) (Feb) | 6.7% | 6.5% | ||
| 08:30 | UK | Jobless Claims Change (Mar) | 118.0K | 138.4K | ||