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Current Session: Europe - U.S.
EUR/USD
Daily Technical Analysis - EUR: A sustained break above last week's high at 1.3442 targets 1.3475 by Mizuho Corporate Bank
Well bid despite these historically very high levels, yet lagging this month's best performers (Australian dollar and Brazilian real). A sustained break above last week's high at 1.3442 targets 1.3475 and then the all-time high at 1.3670. Implied volatility might then pick up a little further.
- Discover our new blog: Inside technicals and chart patterns by Raghee Horner
- Check out how the currency moved on Live Currency Rates & Charts at FXstreet.com
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
- Be up to date with the Latest Forex News
- Read the comments to the latest market moves at our Forex Forum
Other Topics for this Session:
Daily Forex Technical Report - Dollar Falls on Worry of Damaged Trade Relations with China by ActionForex.com
Forex Technical Analysis - EUR/USD:(1.3418) Has met 1.3422 (2nd target of MT Daily Double Bottom off 1.2939) by KBC Bank
EUR/USD Daily Outlook - EUR/USD Daily Outlook by AceTrader
Majors at a Glance
- EUR/USD
- Continues to trade around third resistant at 1.3417 after bounced at second resistant 1.3398
04/10/2007 10:35 GMT - GBP/USD
- Moving up toward third resistant at 1.9721
04/10/2007 10:03 GMT - USD/CHF
- Moves down toward second support at 1.2184
04/10/2007 10:03 GMT - USD/JPY
- Trades around second support at 119.07 after a spike to first resistant at 119.19
04/10/2007 10:03 GMT
Analysts Sentiment Index - GBP/USD
**Source : CMS Forex, Danske Bank A/S, FXstreet.com, Global Forex Trading Ltd. , Mizuho Corporate Bank, Saxo Bank
[ View ASI page ] [ View GBP/USD page ]
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
UK LEADING INDICATOR INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Apr 10 | 14:30 | Leading Indicator Index | - | 0.3% |
Asia Market Update - Traders dump the USD on U.S.-China trade tensions by Trade The News
[ Full Story ]- Tony Juste, FX Advisor at FXstreet.com: "As UK economy enters into danger zone (inflation -vs- public deficit), the leading indicators may shed some light in what to expect in the short term. The general consensus that the Bank of England will keep on raising interest rates (some foresee the 6% mark to be hit) should be priced in today's data and the overall short-term direction of the economy." - FXstreet.com
Top Market Movers Review
Germany TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 10 | 06:00 | Trade Balance | 14.2B | 15.4B | 16.2B |
German Feb Trade Surplus EUR14.2B Vs EUR16.2B In Jan (Dow Jones)
Germany's trade surplus shrank more than expected to EUR14.2 billion in February from EUR16.2 billion in January due to strong imports, data released by the Federal Statistics Office showed Tuesday. The market was expecting a EUR15.4 billion surplus in February, according to a Dow Jones Newswires survey of economists.
[ Full Story ]- Read the Trade Surplus report at German Federal Statistics Office
- German Feb trade surplus narrows to 14.2 bln eur vs 16.2 bln in Jan (AFX News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 10 | 04:00 | JP | Interest Rate Decision | 0.5% | 0.5% | |
| 05:45 | CH | Unemployment Rate | 2.9% | 3.0% | ||
| 06:00 | JP | BoJ Governor Fukui Speaks | ||||
| 06:00 | DE | Trade Balance | 14.2B | 15.4B | 16.2B | |
| 14:30 | UK | Leading Indicator Index | 0.3% | |||
| 23:01 | UK | BRC Retail Sales Monitor - All (YoY) | 3.3% | |||
| Apr 11 | 12:15 | CA | Housing Starts (YoY) | 196K | ||
| 13:30 | AU | Unemployment Rate | 4.5% | |||
| 14:30 | US | EIA Crude Oil Stocks (Apr 6) | -0.9 | |||
| 18:00 | US | FOMC Minutes (Mar 21) | ||||