Wednesday, Apr 29, 07:35 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!
- 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: The Dollar Mixed and Muted With EUR/USD, Gold, and Crude Ahead of Data Points by Tim Salem
Greetings and Welcome to a Busy Wednesday! We have plenty of "Heavyweight" Data coming today with the EU Consumer Confidence, FMOC and the Fed Interest Rate… as well as U.S. GDP, Crude and Energy Inventories, and plenty of Data later on in Japan. The RBNZ is also "on Base" for their Interest Rate Decision as well…
FX Market Readings: Expected market moves before and after FOMC rate decision by Dr.S. Sivaraman
FXbootcamp: Pre London Outlook April 29th 2009 by David R Pegler
Find other fellow traders to share your comments and market view in the FOREX FORUM
Sponsored by 
Live Sessions Schedule
FX Instructor Live Trading Room
Expert: Mark De La Paz
Start: Wed, Apr 29, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
Trading Break Out's And Other Market Views
Expert: Phil Newton
Start: Wed, Apr 29, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Apr 29, 09:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN | |
| Wed, Apr 29, 10:00 GMT | Trading Break Out's And Other Market Views | Phil Newton | WBN | |
| Wed, Apr 29, 11:30 GMT | Watch Live Coverage of the US GDP | Jerry Furst | WBN |  |
| Wed, Apr 29, 13:30 GMT | US Session Open  | Ed Ponsi | WBN |  |
Current Session: Europe
Bullish Sentiment continues with Price capped at 1.3212
Easy Forex − Bullish Sentiment continues with overextended conditions with RSI Readings and Price capped at the 1.3212 Daily Static Resistance Area. 1.3183 Dynamic Resistance holds the Unit as Confluence of the Daily Pivot and Hourly 20SMA @ 1.3122 followed by 1.3088 if Failure to breach ensues. The Hourly 20/200SMA Bullish Cross shall keep Dynamic Support above the 1.3120
.
GBP/USD
Forex Chartist Technical Analysis − Sterling rebounded off 1.4521 twice by Charmer Charts.com
Sterling rebounded off 1.4521 twice now, so buyers were supporting this market at the longer term 38% Fib level and have managed to push this higher to 1.4722 where we are currently.
USD/JPY
USD/JPY: Dollar recovers and reaches 97.00 level by FXstreet.com
After hitting a fresh 5−weeks low at 95.60 yesterday, the Dollar has appreciated to reach levels right below 97.00 resistance area during Asian session.
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
EMU ECONOMIC CONFIDENCE
| Date (GMT) | Event | Cons. | Previous | |
| Apr 29 | 09:00 | Consumer Confidence | -33 | -34 |
| Apr 29 | 09:00 | Industrial Confidence | -36 | -38 |
| Apr 29 | 09:00 | Economic Confidence | 65.6 | 64.6 |
EMU economic indicators - EMU industrial confidence and economic sentiment (April): slightly better by BHF−Bank
Italian business and consumer confidence could have recovered, after having plummeted in March. Therefore, EMU economic sentiment and EMU industrial confidence will probably have improved in April.
[ Full Story ]Top Market Movers Review
US ABC/WASHINGTON POST CONSUMER CONFIDENCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 28 | 21:00 | ABC/Washington Post Consumer Confidence | -45 | - | -47 |
ABC/Wash Post: US Consumer Confidence Up 2 Points To 2009 High (Dow Jones)
U.S. overall consumer confidence rose last week to its highest level so far this year, according to an ABC News/Washington Post poll released Tuesday. The consumer comfort index inched up 2 points to −45 in the week ended April 26, from −47 a week earlier. According to the survey, 7% of respondents expressed confidence in the economy last week, the same as the week before.
[ Full Story ]- Read the Confidence data at ABC News
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 28 | 22:45 | NZ | Trade Balance (Mar) | 324M | 250M | 489M |
| Apr 29 | 01:00 | AU | HIA New Home Sales (MoM) (Mar) | 4.2% | 3.9% | |
| 03:00 | NZ | Business Confidence (Apr) | -14.5 | -39.3 | ||
| 03:00 | NZ | M3 Money Supply (YoY) (Mar) | 7.1% | 8.8% |
||
| 08:00 | EMU | M3 (YoY) (Mar) | 5.7% | 5.9% | ||
| 09:00 | EMU | Consumer Confidence (Apr) | -33 | -34 | ||
| 09:00 | EMU | Economic Confidence (Apr) | 65.6 | 64.6 | ||
| 09:00 | EMU | Industrial Confidence (Apr) | -36 | -38 | ||
| 09:30 | CH | KOF Leading Indicator (Apr) | -1.90 | -1.79 | ||
| 11:00 | US | MBA Mortgage Applications (Apr 24) | 5.3% | |||