Thursday, Apr 30, 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: Trading with the ATR & Bollinger Bands by Adam Rosen
- All the events of the day in our Economic Calendar
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Forex Blogs
The Disciplined Trader: The JPY pairs appear to have formed classic looking Elliott Wave ‘wave 4' triangles by Pierre Charlebois
These triangles give way to what is referred to as a terminal thrust. Meaning that if the observation is correct a top should form in a 5 wave sequence that should then give way to a reversal.
FxBootcamp: FOREX VIDEO - NEW YORK SESSION REVIEW - April 29, 2009 by Curt Wehrley
The Trader's Edge: EUR/USD Trade Analysis by Ross Yamashita
Find other fellow traders to share your comments and market view in the FOREX FORUM
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Live Sessions Schedule
What does the summer have in store for us?
Expert: Adam Rosen
Start: Thu, Apr 30, 14:00 GMT
Type of Session: Webinar
How to Get Started Trading Forex
Expert: Mark Whistler
Start: Thu, Apr 30, 15:00 GMT
Type of Session: Webinar
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| Wed, Apr 29, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN |  |
| Thu, Apr 30, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Thu, Apr 30, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN |  |
| Thu, Apr 30, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
Current Session: Europe
Bullish Momentum looks to continue in the Immediate−Term
FXstreet.com −Bullish Momentum looks to continue in the Immediate−Term, with a Test of the 1.3130's Highs as Price finds Dynamic Support @ 1.3284 with the Hourly 20SMA for Buoyancy. RSI Readings of "58" indicate Consolidative Behavior coupled with a Horizontal Static Range with the Daily Pivot of 1.3237 and the Highs of 1.3330's.
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GBP/USD
Daily Technical Analysis − GBP: Managing to close above the 9 and 26−day moving averages by Mizuho Corporate Bank
Slow work but managing to close above the 9 and 26−day moving averages. We remind that only a weekly close above 1.5000 will give Cable a fighting chance for a decent rally.
USD/JPY
USD JPY is in a consolidation after the last bullish movement by Mataf.net
97,25. USD JPY is in a consolidation after the last bullish movement. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Oscillators are neutral. The consolidation should continue.
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 UNEMPLOYMENT RATE S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Apr 30 | 07:55 | Unemployment Rate s.a. | 8.2% | 8.1% |
| Apr 30 | 07:55 | Unemployment Change | 65K | 69K |
EMU economic indicators - German adjusted unemployment (April): sharper rise by BHF−Bank
German unadjusted unemployment generally tends to decline noticeably after the winter months. The weather conditions have been favourable this April, but due to the sharp recession, unadjusted unemployment could nevertheless have gone up slightly, albeit somewhat less than in March. Thus adjusted unemployment could have risen by about 90,000 in April.
[ Full Story ]Top Market Movers Review
UK NATIONWIDE HOUSING PRICES S.A
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 30 | 06:00 | Nationwide Housing Prices s.a (MoM) | -0.4% | -1.2% | 0.9% |
| Apr 30 | 06:00 | Nationwide Housing Prices n.s.a (YoY) | -15.0% | -15.8% | -15.7% |
DATA SNAP:Nationwide:UK House Prices Resume Decline In April (Dow Jones)
U.K. house prices resumed their decline in April after rising unexpectedly in March and it is likely to be some time before there is a full scale revival in the residential property market, the Nationwide Building Society said Thursday.
[ Full Story ]- Read the Housing Prices data at Nationwide
- UK Nationwide Housing Prices decrease 0.4% in Apr, −15% YoY (FXstreet.com)
Japan BOJ INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 30 | 05:03 | BoJ Interest Rate Decision | 0.1% | 0.1% | 0.1% |
BoJ keeps rate unchaned at 0.10% (FXstreet.com)
On their meeting at Tuesday, Bank of Japan policy board voted to keep interest rates unchanged at ultra−low levels as the central bank takes time to gauge the effectiveness of its previous measures. The BOJ board voted unanimously to keep its unsecured overnight call loan rate unchanged at 0.10%.
[ Full Story ]- Read the Rate data at Bank of Japan
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 30 | 05:03 | JP | BoJ Interest Rate Decision | 0.1% | 0.1% | 0.1% |
| 06:00 | DE | ILO Unemployment Rate (Mar) | 7.6% | 7.5% | 7.4% | |
| 06:00 | UK | Nationwide Housing Prices n.s.a (YoY) (Apr) | -15.0% | -15.8% | -15.7% | |
| 06:00 | UK | Nationwide Housing Prices s.a (MoM) (Apr) | -0.4% | -1.2% | 0.9% | |
| 07:55 | DE | Unemployment Change (Apr) | 65K | 69K | ||
| 07:55 | DE | Unemployment Rate s.a. (Apr) | 8.2% | 8.1% | ||
| 09:00 | EMU | Unemployment Rate (Mar) | 8.7% | 8.5% | ||
| 12:30 | US | Continuing Jobless Claims (Apr 18) | 6137K | |||
| 12:30 | US | Core Personal Consumption Expenditure − Prices Index (MoM) (Mar) | 0.1% | 0.2% | ||
| 12:30 | US | Core Personal Consumption Expenditure − Prices Index (YoY) (Mar) | 1.8% | 1.8% | ||