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Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Apr 7, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
Advanced Methods for Finding Dominant Trends in Forex Markets
Expert: Steve Primo
Start: Mon, Apr 7, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Apr 7, 11:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
| Mon, Apr 7, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Mon, Apr 7, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Mon, Apr 7, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
Current Session: Europe − U.S.
GBP/USD
Daily Forex Technical Report − Dollar Rebounds Further as the Week Starts by ActionForex.com
Cable's rebound from 1.9730 was limited by near term falling trend line. Subsequent retreat from 2.0049 extends further to as low as 1.9833 today. Outlook remains mixed and a break out is needed to confirm the underlying short term bias. On the upside, sustained break of mentioned trend line resistance (now at 2.0043) will indicate that price actions from 2.0391 is merely consolidation in the rebound from 1.9937.
- Main technical theme in the currency market by Jamie Saettele, Technical Currency Analyst FXCM
- Check out how pairs moved: Live Currency Rates & Charts
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
Currency Performance
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
FX' Signal
Recent Recommended Trades by AceTrader
Majors at a Glance
- EUR/USD
- Moves down below first support level 1.5653
04/07/2008 10:12 GMT - GBP/USD
- Moves down toward second support level 1.9822
04/07/2008 10:12 GMT - USD/CHF
- Moves up towards second resistant level 1.0181
04/07/2008 10:12 GMT - USD/JPY
- Moves up towards second resistant level 103.09
04/07/2008 10:12 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, Global Forex Trading, Mizuho Corporate Bank
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
US CONSUMER CREDIT
| Date (GMT) | Event | Cons. | Previous | |
| Apr 7 | 19:00 | Consumer Credit | $5.5 | $6.9B |
OUTLOOK Highlights of US economic indicators to be released in the coming week (Thomson Financial News)
The week will begin with the release of consumer credit, which in February is expected to have declined to 5.3 bln usd from 6.9 bln usd in the previous month. "Credit card borrowing −− known as revolving credit in this release −− has continued to grow rapidly, offsetting the credit squeeze in other consumer credit products," said economists from Lehman Brothers.
[ Full Story ]- Ahead of the Bell: Consumer Credit (Thomson Financial News)
Top Market Movers Review
Germany INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 7 | 10:00 | Industrial Production s.a. (MoM) | 0.4% | -0.4% | 1.4% |
| Apr 7 | 10:00 | Industrial Production s.a. w.d.a. (YoY) | 6.1% | 5.3% | 6.5% |
DATA SNAP: German Feb Indus Output Adj +0.4% MM: +6.1% YY (Dow Jones)
German industrial production rose 0.4% on the month in February on a seasonally adjusted basis, defying economists' expectations of a 0.4% drop, data from the Federal Economics Ministry showed Monday.
[ Full Story ]- Federal Economics Ministry Homepage
- German industrial production grew in February, against expectations (FXstreet.com)
- German Feb industrial output up 0.4 pct from Jan; consensus down 0.5 pct (Thomson Financial News)
- German Industrial Production s.a. rises 0.4% in Feb; 6.1% up year on year (FXstreet.com)
Friday Notes - The desynchronized global easing cycle by HVB Group
Switzerland UNEMPLOYMENT RATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 7 | 05:45 | Unemployment Rate s.a. | 2.5% | 2.5% | 2.5% |
| Apr 7 | 05:45 | Unemployment Rate | 2.6% | 2.6% | 2.7% |
Swiss unemployment decreases in March (FXstreet.com)
Swiss unemployment rate has declined in March to 2.6% from 2.7% in February, as the employment offices saw a decrease of 4,680 persons in the jobless lists, according to data released by the Swiss State Secretariat for Economic Affairs.
[ Full Story ]- Read the Unemployment data at SECO [text in German]
- Swiss March unemployment 2.6 pct vs 2.7 pct in February (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 7 | 05:00 | JP | Coincident Index  | 44.4% | 44.4% | 63.6% |
| 05:45 | CH | Unemployment Rate (Mar) | 2.6% | 2.6% | 2.7% | |
| 05:45 | CH | Unemployment Rate s.a. (Mar) | 2.5% | 2.5% | 2.5% | |
| 08:30 | EMU | Sentix Investor Confidence (Apr) | 4.1 | 0.2 | 0.4 | |
| 10:00 | DE | Industrial Production s.a. (MoM) (Feb) | 0.4% | -0.4% | 1.4% |
|
| 10:00 | DE | Industrial Production s.a. w.d.a. (YoY) (Feb) | 6.1% | 5.3% | 6.5% |
|
| 12:30 | CA | Building Permits (MoM) (Feb) | 1.0% | -2.9% | ||
| 13:30 | US | Treasury Secretary Paulson speech | ||||
| 19:00 | US | Consumer Credit (Feb) | $5.5 | $6.9B | ||
| 20:00 | US | Treasury Secretary Paulson speech | ||||