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Special Webinars
Live Coverage of ECB Announcement - Live Free-Access Day
Expert: Ed Ponsi
Start: Thu, Apr 12, 11:30 GMT
Sponsored by: 
Type of Session: Webinar
Technical Analysis Q&A - Live Free-Access Day
Expert: Tony Juste
Start: Thu, Apr 12, 14:00 GMT
Sponsored by:
Type of Session: Webinar
The best times to trade - Live Free-Access Day
Expert: Sunil Mangwani
Start: Thu, Apr 12, 15:00 GMT
Sponsored by: 
Type of Session: Webinar
Current Session: Europe - U.S.
GBP/USD
Daily Analysis - Japan's Machine Orders Fall More-Than-Expected 5.2% by Finotec Group Inc.
Daily charts remain heavily overbought but show no sign of letting up in spite of the negative close yesterday. 119.40 remains a top ahead of the 119.50 fibo level. 119.30 has been tested late Asia but hourly studies now showing signs of rolling again. Will still be a buyer on dips but advice is to keep stop levels tight.
- GBP/USD and GBP/JPY intraday charts - trades explained by Tony Juste
- 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:
Forex Trading Strategies - GBP Strong as UK Treasury to Remove Tax on Foreign Profits by Saxo Bank
Daily Technical Analysis - EUR: The highest daily close this year may add a little more upside pressure by Mizuho Corporate Bank
Currency Open positions - The first attempt at a break out above 198 failed by Odom & Frey Futures & Options
Majors at a Glance
- EUR/USD
- Continues to trade around 1.3430 , above today's pivot at 1.3413
04/11/2007 10:08 GMT - GBP/USD
- Trades around first resistant at 1.9780 after bounced at last week high 1.9820
04/11/2007 10:08 GMT - USD/CHF
- Trades slightly below today's pivot at 1.2193
04/11/2007 10:08 GMT - USD/JPY
- Trades around 119.20 , above today's pivot at 119.04
04/11/2007 10:08 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 11 | 14:30 | Leading Indicator Index | - | 0.3% |
Forex Commentaries and Forecasts - The cable is ready to test 2.00 level by World-Signals®
[ 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
UK BRC RETAIL SALES MONITOR - ALL
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 10 | 23:01 | BRC Retail Sales Monitor - All (YoY) | 3.9% | - | 3.3% |
UK March like-for-like retail sales up 3.9 pct on prior year - BRC (AFX News)
The earlier timing of Easter this year helped retail sales in the UK grow at their fastest rate in nearly a year during March, a leading lobby group said today. In its monthly survey, the British Retail Consortium revealed that like-for-like sales -- those that exclude new office stores and space -- rose by 3.9 pct in March from the year before.
[ Full Story ]- Read the Retail Sales report at British Retail Consortium
- UK retailers may be set for resurgence after Q1 results show underlying strength (AFX News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 10 | 23:01 | UK | BRC Retail Sales Monitor - All (YoY) | 3.9% | 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 | |||
| 14:30 | UK | Leading Indicator Index | 0.3% | |||
| 18:00 | US | FOMC Minutes (Mar 21) | ||||
| 23:01 | UK | RICS House Price Balance | 24% | |||
| 23:50 | JP | Domestic CGPI (MoM) | 0% | |||
| Apr 12 | 01:30 | AU | Employment Change | 22K | ||
| 09:00 | EMU | Gross Domestic Product s.a. (YoY) | 3.3% | 3.3% | ||