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Special Webinars
Raghee Horner's Four Step Trading: Forex
Expert: Raghee Horner
Start: Thu, Apr 26, 13:00 GMT
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Type of Session: Webinar
Support and Resistance II: Support and Resistance Line Breaks
Expert: Rob Booker
Start: Thu, Apr 26, 14:00 GMT
Sponsored by:
Type of Session: Webinar
Topics
- How to set up a support/resistance break trade
- How to set profit targets and stop losses
- Using the longer term or shorter charts for finding trading opportunities
Event trading and FX Market mechanics
Expert: Don Wilcox
Start: Thu, Apr 26, 15:00 GMT
Sponsored by: 
Type of Session: Webinar
Current Session: Europe - U.S.
EUR/USD
EUR/USD watch - Pair sells-off to 1.3610 by FXstreet.com
Pair sells-off to 1.3610 and enters into extrme oversold territory in the 15m chart, so at least for the very short term I do not see much further progress. A retraceemnt to 1.3625/30 could be seen. Also take into account the MA's as they could trigger a bearish MA's cross soon, and that would be a short trigger.
- GBP/USD 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
- The Cable experience at our Forex Forum
Other Topics for this Session:
Global FX Daily - U.S. Edition - JPY looking weak on the crosses by Mellon Foreign Exchange
Forex Daily Analysis - US Initial Jobless Claims by ForexYard
Daily Technical Briefing - “Euro Tags All Time Highs and Retreats- Failure Ahead?†by FXCM
Majors at a Glance
- EUR/USD
- Moves down toward second support level at 1.3596
04/26/2007 10:30 GMT - GBP/USD
- Drops below second support level at 1.9968
04/26/2007 10:31 GMT - USD/CHF
- Moves up toward second resistant level at 1.2091
04/26/2007 10:31 GMT - USD/JPY
- Continues to move up above second resistant level at 119.16
04/26/2007 10:31 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - GBP/USD
**Source : CMS Forex, Danske Bank A/S, Finotec Group Inc., 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 INITIAL JOBLESS CLAIMS
| Date (GMT) | Event | Cons. | Previous | |
| Apr 26 | 12:30 | Initial Jobless Claims | - | 339K |
Friday Notes - Soaring Euro will not stop the ECB by HVB Group
Seasonal adjustment factors will mean lower labor market figures this spring (cf. Research Note of Harm Bandholz of last week). This is partly due to the fact that construction companies are laying off some of their workforce because of the contraction in residential construction building, which will be magnified in the employment numbers.
[ Full Story ]Top Market Movers Review
Germany GFK CONSUMER CONFIDENCE SURVEY
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 26 | 06:10 | Gfk Consumer Confidence Survey | 5.5 | 4.5 | 4.4 |
European Market Update - German GfK Consumer Confidence Beats Expectations for May by Trade The News
German GfK consumer confidence rose by more than expected to 5.5 for the month of May from 4.7 in April. Following the release GfK’s Wuebbenhorst said that consumer confidence is a cause for optimism, noting that the indicator may rise further in the future.
[ Full Story ]- Read the German Consumer climate: a significant recovery at GfK
- UPDATE: German Consumer Sentiment Turns Bullish For May (Dow Jones)
- GfK Consumer Coincidence Index rises in May (FXstreet.com)
- Germany's GfK sees May consumer climate index 5.5 vs 4.4 in April (AFX News)
UK NATIONWIDE HOUSING PRICES N.S.A
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 26 | 06:00 | Nationwide Housing Prices s.a (MoM) | 0.9% | 0.6% | 0.4% |
| Apr 26 | 06:00 | Nationwide Housing Prices n.s.a (YoY) | 10.2% | 9.5% | 9.3% |
UK house price growth accelerates in April - Nationwide (AFX News)
UK house price inflation in April accelerated by more than expected, bolstering views that interest rates will be raised again as early as next month, research by Nationwide showed. In a monthly survey of the housing market, it said house prices were up 0.9 pct from March to April and up 10.2 pct from April last year, taking the average house price to 180,314 stg.
[ Full Story ]- Read the Housing Prices data at Nationwide
- DATA SNAP: UK Apr House Prices +0.9%MM, +10.2%YY -Nationwide (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 25 | 21:00 | NZ | RBNZ Rate Decision | 7.75% | 7.50% | 7.50% |
| Apr 26 | 06:00 | UK | Nationwide Housing Prices n.s.a (YoY) (Apr) | 10.2% | 9.5% | 9.3% |
| 06:00 | UK | Nationwide Housing Prices s.a (MoM) (Apr) | 0.9% | 0.6% | 0.4% | |
| 06:10 | DE | Gfk Consumer Confidence Survey (Mar) | 5.5 | 4.5 | 4.4 | |
| 12:30 | US | Initial Jobless Claims (Apr 21) | 339K | |||
| 14:30 | CA | Bank of Canada Releases Monetary Policy Report | ||||
| 23:30 | JP | Jobless Rate (Mar) | 4% | 4% | ||
| 23:30 | JP | National Consumer Price Index (YoY) (Mar) | -0.2% | -0.2% | ||
| 23:30 | JP | National Consumer Price s.a (MoM) (Mar) | -0.1% | -0.3% | ||
| 23:30 | JP | Tokyo Consumer Price Index (MoM) (Apr) | 0% | -1% | ||