Monday, Apr 27, 07:40 GMT
EUROPEAN Trading Newsletter
To Get Started
- Learning Center: New Contents has been released! Chapter 3 of Unit A - Understand the Mechanics. Read it now!
- 3 seats available for Rob Booker's special webinar series for a charitable cause on April 30 and May 1. Learn how to get one!
- Webinar Videos: Identifying the weekly fundamental trend of EUR/USD by Javier Paz
- All the events of the day in our Economic Calendar
Note that our messages might be blocked by anti-spam filters so please add newsletter@fxstreet.com or our domain (fxstreet.com) to your address book.
Forex Blogs
Forex Trading Today: EUR/USD and EUR/JPY Continue With Correlative Activity by Tim Salem
Welcome to a New Week, Everyone! We continue with "The King of the Currency Markets", The Euro… as we observe "cautious" Consolidation in Price Behavior, while it's Cross, Euro Yen, deals with Yen Strength in the Immediate−Term of the Sydney Open on Sunday.
FX Market Readings: last week of the month - expected moves by Dr.S. Sivaraman
FXbootcamp: Pre London Outlook April 27th 2009 by David Pegler
Find other fellow traders to share your comments and market view in the FOREX FORUM
Sponsored by 
Live Sessions Schedule
Using Fibonacci ratios to manage your trades efficiently
Expert: Sunil Mangwani
Start: Mon, Apr 27, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Apr 27, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Apr 27, 09:00 GMT | Using Fibonacci ratios to manage your trades efficiently | Sunil Mangwani | WBN | |
| Mon, Apr 27, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Mon, Apr 27, 15:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets  | Mark Whistler | WBN |  |
| Mon, Apr 27, 16:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
Current Session: Europe
EURUSD: Double−Top potential at 1.3296/1.3300
FXstreet.com − Immediate−Term Bullish Momentum sees Double−Top potential at 1.3296/1.3300 Figure if the Downward Slope of the Hourly 20SMA at 1.3224 can be penetrated, along with the Daily Pivot Area at 1.3218. Daily Static Resistance at 1.3289 finds Completion of the IntraDay Upleg from the April 22nd Lows, while Failure to hold the Daily Pivot sees Downside Sentiment with a return to Daily Static Resistance at 1.3146.
.
USD/JPY
Short Term Analysis − USD/JPY: 9 and 26−day moving averages have crossed to a sell. by Mizuho Corporate Bank
Re−testing Friday's low, the 61% Fibonacci retracement and the 9 and 26−day moving averages have crossed to a sell. We have adjusted our view and now see April's high at 101.45 as an interim top.
GBP/USD
Weekly Technical Strategist − GBPUSD: Price Hesitation Still Seen by FXTechstrategy
Even though GBP broke below its daily rising channel the past week and held below it, the price action that followed that break remained unconvincing as a clear follow through on that break did not occur.
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
Germany CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Apr 28 | 06:00 | Consumer Price Index (YoY) | 0.8% | 0.5% |
| Apr 28 | 06:00 | Consumer Price Index (MoM) | 0.1% | -0.1% |
Friday Notes - Germany CPI: Strong disinflation process by UniCredit Group
The oil price recently recovered on increasing glimmers of hope for the global economy. Apart from gas prices, energy prices, therefore, should have risen in April, (temporarily) stalling the downward trend in headline inflation.
[ Full Story ]Top Market Movers Review
Germany GFK CONSUMER CONFIDENCE SURVEY
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 27 | 06:00 | Gfk Consumer Confidence Survey | 2.5 | 2.3 | 2.5 |
UPDATE: German Consumer Sentiment Weathers Bad News (Dow Jones)
German market research group GfK's forward−looking consumer climate index remained stable at 2.5 points for May, as consumers turn more optimistic about the economy and own finances.
[ Full Story ]- Read the Consumer Confidence survey at Gfk [text in German]
- Germany May Gfk Consumer Confidence Survey stays at 2.5 (FXstreet.com)
- German GfK May Consumer Sentiment 2.5 Vs 2.5 In April (Dow Jones)
Friday Notes - Germany GFK: Consumer confidence remains muted by UniCredit Group
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 26 | 00:00 | IMF Meeting | ||||
| Apr 27 | 06:00 | DE | Gfk Consumer Confidence Survey (May) | 2.5 | 2.3 | 2.5 |
| 06:00 | DE | Import Price Index (MoM) (Mar) | -0.4% | -0.1% | -0.1% | |
| 06:00 | DE | Import Price Index (YoY) (Mar) | -7.1% | -6.5% | -5.4% | |
| 08:30 | UK | BBA Mortgage Approvals | 29.2K | 28.2K | ||
| 16:45 | EMU | ECB Trichet's Speech | ||||
| 23:50 | JP | Large Retailer's Sales (Mar) | -7.8% | -8.1% |
||
| 23:50 | JP | Retail Trade (YoY) (Mar) | -4.9% | -5.7% |
||
| 23:50 | JP | Retail Trade s.a (MoM) (Mar) | -0.4% | -0.2% |
||
| Apr 28 | 00:00 | JP | BoJ Monetary Policy Meeting | |||