Friday, Apr 13, 11:19 GMT
U.S. Trading Newsletter
To Get Started
- Special Coverage: ECB Meeting Review by FXstreet.com
- Who call the shots in the Forex Market? Reply to Sonic in the Forum
- Breaking News: FXstreet.com International Traders Conference - Barcelona 2007
- One Day Forex Education Webinar: Trading tactics - doing well in turbulent times with Tony Juste & Derek Frey
- Check out the rest of our newsletters and subscribe now!
Send us your feedback. Post your comments about the new newsletters' format in the Forum.
Special Webinars
Objective Supply and Demand analysis
Expert: Sam Seiden
Start: Tue, Apr 17, 15:00 GMT
Sponsored by: 
Type of Session: Webinar
FX Lesson of the Day: Defining the trend
Expert: Dave Floyd
Start: Tue, Apr 17, 16:00 GMT
Sponsored by: 
Type of Session: Webinar
Analysis on the recent US releases
Expert: Ashraf Laidi
Start: Wed, Apr 18, 15:00 GMT
Sponsored by: 
Type of Session: Webinar
Current Session: Europe - U.S.
USD/JPY
Daily Outlook - USD/JPY: Short position from 118.73, stop loss - 119.30, target - open by Karoll
A terminal impulse (ending diagonal) is developing from 117.50. If this idea is correct, this pattern should be already over and the trend should reversed (this patter is a reversal one). With an eye on this I expect sell-off with a first target 117.50 and with a potential to 114.00 later.
- JPY full crosses watch 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:
Bank Recomendations - RBC Capital Markets, Capital Management, Mizuho Corporate Bank by Finotec Group Inc.
Forex Trading Strategies - Rates Still Accomodative, says Trichet by Saxo Bank
Daily Forex Currency Outlook - EURUSD by ZeeTrade
Majors at a Glance
- EUR/USD
- Trades around 1.3525 , above first resistant level at 1.3512
04/13/2007 09:52 GMT - GBP/USD
- Trades around second resistant level at 1.9861
04/13/2007 09:52 GMT - USD/CHF
- Continues to move down below 1.2100 , toward second support at 1.2070
04/13/2007 09:52 GMT - USD/JPY
- Trades around second support level at 118.44
04/13/2007 09:52 GMT
Analysts Sentiment Index - GBP/USD
**Source : CMS Forex, Danske Bank A/S, FXstreet.com, Global Forex Trading Ltd. , Mizuho Corporate Bank
[ View ASI page ] [ View GBP/USD page ]
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
US PRODUCER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Apr 13 | 12:30 | Producer Price Index (MoM) | 0.6% | 1.3% |
| Apr 13 | 12:30 | Producer Price Index ex Food & Energy (MoM) | 0.2% | 0.4% |
The Week Ahead - FOMC Minutes, Import price Index, Trade Balance, PPI and core, Consumer sentiment Prel. by BBVA Bancomer
Higher energy prices will exert pressure in PPI. Although we don’t expect this pressure to be as large as the one observed in the previous period, when highly volatile food components played a big role (associated with bad weather).
[ Full Story ]Wakeup Call on Forex Markets - Market focused on US PPI and Trade Balance today by Saxo Bank
Top Market Movers Review
EMU INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 13 | 09:00 | Industrial Production s.a. (MoM) | 0.6% | 0.4% | -0.5% |
European Market Update - Euro-Zone Industrial Production Beats Estimates by Trade The News
Euro-Zone industrial production rose to 0.6% m/m in February, from –0.2% in January, and to 4.1% y/y from 3.7% in January. The prior m/m was revised down to –0.5% from –0.2%, while the prior y/y was revised down to 3.4% from 3.7%.
[ Full Story ]- Read the Industrial production up by 0.6% in euro area at Eurostat
- Euro zone Feb industrial output up 0.6 pct vs Jan, up 4.1 yr-on-yr (AFX News)
- Industrial Production of the Euro Zone picks up in February (FXstreet.com)
- DATA SNAP: Euro-Zone Factory Output Rebounded In Feb (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 12 | 22:45 | NZ | Retail Sales | 1.9% | 1.0% | |
| Apr 13 | 09:00 | EMU | Industrial Production s.a. (MoM) | 0.6% | 0.4% | -0.5% |
| 12:30 | US | Producer Price Index (MoM) (Mar) | 0.6% | 1.3% | ||
| 12:30 | US | Producer Price Index ex Food & Energy (MoM) (Mar) | 0.2% | 0.4% | ||
| 12:30 | US | Trade Balance (Feb) | $60.50B | -$59.12B | ||
| 12:30 | CA | International Merchandise Trade | $6.00B | $6.35B | ||
| Apr 16 | 12:30 | US | Retail Sales (MoM) (Mar) | 0.4% | 0.1% | |
| 12:30 | US | Retail Sales ex Autos (MoM) (Mar) | 0.7% | -0.1% | ||
| 14:00 | US | Business Inventories (Feb) | 0.2% | 0.2% | ||
| Apr 17 | 12:30 | US | Building Permits (MoM) (Mar) | 1.515M | 1.532M | |