Tuesday, Apr 28, 07:36 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!
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- Webinar Videos: Identifying the weekly fundamental trend of EUR/USD by Javier Paz
- All the events of the day in our Economic Calendar
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Forex Blogs
Forex Trading Today: The Majors and The Crosses Look To Re−Position Depreciation by Tim Salem
Welcome to Tuesday, Everyone! With Risk−Aversion surely looking to continue in the Immediate−Term… the Global Swine Flu Health Rhetoric was deeply digested in the markets Sunday and Monday.
FX Market Readings: Volatile moves for a day by Dr.S. Sivaraman
FXbootcamp: Pre London Outlook April 28th 2009 by David R Pegler
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Live Sessions Schedule
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, Apr 28, 14:00 GMT
Type of Session: Webinar
Trading with Autochartist
Expert: Raghee Horner
Start: Tue, Apr 28, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Apr 28, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Tue, Apr 28, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN |  |
| Tue, Apr 28, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Tue, Apr 28, 14:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
Current Session: Europe
Forex: USD/JPY: Dollar breaks below 95.95 support, at 5−week low
CMS Forex − The Dollar continues losing ground against the Yen in the moments ahead of the Euroopean markets opening; USD/JPY as lost the 95.95 support zone and drops to levels at the 95.65/40 area.
Below 95.65/40 (Mar 12 lows), next support level could lie at 94.15 (Mar 20 low) and if the Dollar gets below there, next could be 93.55 (Mar19 low). On the upside the Euro could find resistance at the 96.40/50 level and above here, 96.90 and 97.60.
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GBP/USD
Currency Majors Technical Perspective − Bearish Sentiment takes Price towards Daily Static Resistance @ 1.4527 by FXstreet.com Independent Analyst Team
Bearish Sentiment takes Price towards Daily Static Resistance @ 1.4527 with further Downside Risk to 1.4501 and 1.4479 in the Near−Term as a potential Hourly 200SMA/20SMA Bearish Cross confirms Bias along with RSI Readings in the "Oversold" Range if the Cross occurs.
EUR/USD
Daily Technical Analysis − EUR: Attempt small longs at 1.3015 by Mizuho Corporate Bank
Very disappointing as we drop back through the thinnest point of the Ichimoku ‘cloud'. Expect several moves either side of 1.3100 this week.
Strategy: Attempt small longs at 1.3015; stop below 1.2885. Add to longs on a sustained break above 1.3305 for 1.3400 short term and 1.3600 further out.
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 CONSUMER CONFIDENCE
| Date (GMT) | Event | Cons. | Previous | |
| Apr 28 | 14:00 | Consumer Confidence | 29 | 26 |
US economic indicators - Consumer confidence (Mar): rising noticeably, albeit still at depressed level by BHF−Bank
At 26.0, the Conference Board's consumer confidence stabilised at a level close to its record low in March. Expectations improved slightly, whereas the current assessment declined further due to the rapidly rising level of unemployment. However, despite the unfavourable labour market situation, we forecast that consumer confidence will have risen to about 33.0 in Apri.
[ Full Story ]Top Market Movers Review
Japan RETAIL TRADE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 27 | 23:50 | Retail Trade (YoY) | -3.9% | -4.9% | -5.7% |
Japan Mar Overall Retail Sales −3.9% On Year (Dow Jones)
Japanese retail sales fell 3.9% in March from a year earlier, the government said Tuesday, highlighting consumers' reluctance to shop due primarily to concerns over job security. The result marked the seventh straight month of decline, and economists say the stretch will continue as the recession deters consumers from parting with their money.
[ Full Story ]- Read the Retail Trade data at METI
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 27 | 23:50 | JP | Retail Trade s.a (MoM) (Mar) | -1.1% | -0.4% | -0.2% |
| Apr 28 | 07:35 | DE | Consumer Price Index (MoM) (Apr)  | 0.1% | -0.1% | |
| 07:35 | DE | Consumer Price Index (YoY) (Apr) | 0.8% | 0.5% | ||
| 06:00 | CH | UBS Consumption Indicator (Mar) | 0.99 | 0.89 | ||
| 10:00 | UK | CBI Distributive Trades Survey − Realized (MoM) (Apr) | -40 | -44 | ||
| 13:00 | US | S&P/Case−Shiller Home Price Indices (Feb) | -18.8% | -19.0% | ||
| 14:00 | US | Consumer Confidence (Apr) | 29 | 26 | ||
| 14:00 | US | Richmond Fed Manufacturing Index (Apr) | -18 | -20 | ||
| 21:00 | US | ABC/Washington Post Consumer Confidence (Apr 26) | -47 | |||
| 22:45 | NZ | Trade Balance (Mar) | 250M | 489M | ||