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Live Sessions Schedule

Level of Sentiment in the FX Market
Expert: Antonio Sousa
Start: Wed, Apr 9, 13:00 GMT
Sponsored by: FXCM
Type of Session: Webinar

Live Look at Today's Markets
Expert: Derek Frey
Start: Wed, Apr 9, 17:00 GMT
Sponsored by: Odom & Frey Futures, FOREX & Options
Type of Session: Webinar

Sponsored by
Wed, Apr 9, 12:00 GMT	US Pre−Market Open	Ed Ponsi	WBN
Wed, Apr 9, 13:00 GMT	Level of Sentiment in the FX Market	Antonio Sousa	WBN
Wed, Apr 9, 13:30 GMT	US Session Open	Ed Ponsi	WBN
Wed, Apr 9, 14:00 GMT	Trending or Channeling? Combining Trading Systems	S. Wade Hansen	WBN

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Current Session: Europe − U.S.

EUR/USD

Daily Technical Strategist − EURUSD: Consolidation Still Remains In Force by FXTechstrategy

EURUSD: EUR continues to consolidate its run from the 1.5510 level, its April 03'08 and while this prevails, the pair should ultimately break higher initially through the 1.5800 and next the 1.5895/1.5904 levels, its 2008 highs. In such a case, its psycho resistance at 1.6000 and the 1.6100 level, another psycho level are likely to be targeted. Daily stochastics still remains supportive of this scenario.

[ Full Story ]

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 Analysts' Comments

Let's Not Spend and Have a Recession Instead by Rob Booker, Currency trader

Majors at a Glance

EUR/USD: Moves up above pivot level 1.5727
04/09/2008 10:49 GMT
GBP/USD: Trades below opening price level 1.9693 , below pivot level 1.9761
04/09/2008 10:50 GMT
USD/CHF: Moves down below pivot level 1.0119
04/09/2008 10:51 GMT
USD/JPY: Moves down below pivot level 102.37
04/09/2008 10:51 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 WHOLESALE INVENTORIES

Date (GMT)		Event	Cons.	Previous
Apr 9	14:00	Wholesale Inventories	0.6%	0.8%

OUTLOOK Highlights of US economic indicators to be released in the coming week (Thomson Financial News)

Wholesale inventories are expected to have increased 0.5 pct in February, three tenths of a point less than in the previous month. Meanwhile, wholesale sales are expected to have increased a meagre 0.2 pct in February following a 2.7 pct increase in the previous month.

[ Full Story ]

Ahead of the Bell: Wholesale Trade (Thomson Financial News)

Top Market Movers Review

EMU GROSS DOMESTIC PRODUCT S.A.

Date (GMT)		Event	Actual	Cons.	Previous
Apr 9	09:00	Gross Domestic Product s.a. (QoQ)	0.4%	0.4%	0.7%
Apr 9	09:00	Gross Domestic Product s.a. (YoY)	2.2%	2.2%	2.7%

DATA SNAP: Euro−Zone Econ Slowed In 4Q As Credit Crunch Hit (Dow Jones)

Economic growth in the euro zone slowed in the final three months of 2007 as consumer and government spending fell. According to figures released by the European Union's statistics agency Eurostat Wednesday, the combined gross domestic product of the 13 countries that then shared the euro rose 0.4% from the third quarter of 2007, and 2.2% from the fourth quarter of 2006.

[ Full Story ]

Read the report: Euro area GDP up by 0.4% and EU27 GDP up by 0.5% at Eurostat
Euro zone Q4 GDP up 0.4 pct from Q3, unchanged vs provisional (Thomson Financial News)
Euro Zone GDP grows at a slower pace in the 4Q (FXstreet.com)
EU Gross Domestic Product s.a. grows 0.4% in 4Q; 2.2% up on year (FXstreet.com)

EMU economic indicators - Output in the German producing sector will probably have suffered a setback in February by BHF−Bank

UK INDUSTRIAL PRODUCTION

Date (GMT)		Event	Actual	Cons.	Previous
Apr 9	08:30	Industrial Production (MoM)	0.3%	0.1%	-0.1%
Apr 9	08:30	Manufacturing Production (MoM)	0.4%	0.0%	0.5%
Apr 9	08:30	Industrial Production (YoY)	1.3%	1.2%	0.4%
Apr 9	08:30	Manufacturing Production (YoY)	1.9%	1.5%	0.7%

UK industrial production, better than expected in February (FXstreet.com)

British manufacturing sector has performed stronger than expected in February, as manufacturing output grew somewhat above expectations, according to data released by National Statistics.

[ Full Story ]

Read the Index of Production data at National Statistics
UK manufacturing grows for second month running in Feb, helped by lower pound (Thomson Financial News)
United Kingdom Feb Industrial Production rises 0.3% on the month; 1.3% up on year (FXstreet.com)
United Kingdom Manufacturing Production rises 0.4% in Feb; 1.9% up year on year (FXstreet.com)

Economic Events

Date (GMT)		Country	Event	Actual	Cons.	Previous
Apr 9	08:30	UK	Manufacturing Production (YoY) (Feb)	1.9%	1.5%	0.7%
	09:00	EMU	Gross Domestic Product s.a. (QoQ) (4Q)	0.4%	0.4%	0.7%
	09:00	EMU	Gross Domestic Product s.a. (YoY) (4Q)	2.2%	2.2%	2.7%
	09:30	UK	BRC Shop Price Index (MoM) (Mar)	0.2%		0.4%
	09:30	UK	BRC Shop Price Index (YoY) (Mar)	1.1%		1.3%
	11:00	US	MBA Mortgage Applications (Apr 4)	5.4%		28.7%
	13:30	US	Fed's Bernanke Speech
	14:00	US	Wholesale Inventories		0.6%	0.8%
	14:30	US	EIA Crude Oil Stocks change (Apr 5)			1.9M
	23:01	UK	NIESR GDP Estimate (Mar)			0.5%

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