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Live Sessions Schedule
Weekly Technical Briefing − Free Access Day
Expert: Dan Blystone
Start: Thu, Apr 10, 13:00 GMT
Type of Session: Webinar
How to Get Started Trading Forex − Free Access Day
Expert: Steve Primo
Start: Thu, Apr 10, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Apr 10, 12:00 GMT | Using Bollinger Bands during Trends − Free Access Day | Chris Capre | WBN |  |
| Thu, Apr 10, 13:00 GMT | Weekly Technical Briefing − Free Access Day | Dan Blystone | WBN | |
| Thu, Apr 10, 14:00 GMT | Tracking the forex market together / Part II − Free Access Day | Dr.S.Sivaraman | WBN | |
| Thu, Apr 10, 15:00 GMT | How to Get Started Trading Forex − Free Access Day | Steve Primo | WBN | |
Current Session: Europe − U.S.
USD/JPY
Daily FX Report − Expectation on rate decision by Varengold Wertpapierhandelsbank AG
With the beginning of April, the market starts a side movement. The level where the market moves is around 102,00. On his way it uses the whole range between 101,35 and 102,90. The first clear move over one these lines could be a sign for the next trend direction.
- Covered Carry Trades by S. Wade Hansen, Founder Profiting With Forex
- Check out how pairs moved: Live Currency Rates & Charts
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
Other Topics for this Session:
Daily Forex Technical Report − Yen Steals the Show ahead of ECB & BoE by ActionForex.com
Currency Performance
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
Majors at a Glance
- EUR/USD
- Moves up above first resistant level 1.5902
04/10/2008 11:27 GMT - GBP/USD
- Back below first resistant level 1.9819
04/10/2008 11:27 GMT - USD/CHF
- Continues to move down below first support level 0.9938
04/10/2008 11:28 GMT - USD/JPY
- Moves down towards third support level 99.93
04/10/2008 11:28 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
EMU ECB INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Apr 10 | 12:30 | ECB's Trichet Speech | - | - |
| Apr 10 | 11:45 | ECB Interest Rate Decision | 4% | 4% |
Central Banks: ECB and BoE - Preview of Apr 10 meetings by FXstreet.com
Thursday 10 brings BOE and ECB to the stage. The BoE is expected to cut rates at least 25bp from its actual 5.25%, even more now that the Pound (GBP) edged down on a weaker housing report. On the other hand, ECB is expected to keep rates on hold at 4%, following the wait−and−see trend that has acquired in the last months.
- Forex − Markets await ECB/BoE rate verdicts ahead of G7 (Thomson Financial News)
- ECB and BoE Monetary policy decisions: Time for a rate cut for the BoE (FXstreet.com)
Central European Daily - Hungarian bond auction and ECB meeting in focus by KBC Bank
Daily FX Report - Expectation on rate decision by Varengold Wertpapierhandelsbank AG
Top Market Movers Review
UK BOE INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 10 | 11:00 | BoE Interest Rate Decision | 5.00% | 5.00% | 5.25% |
BOE cuts its current bank rate to 5.00% (FXstreet.com)
The Bank of England has decided to lower its official bank rate by 25 basis points to 5.00% after their monthly Policy Meeting. This decision is taken in a context of high inflation, 2.5% up year on year in February.
[ Full Story ]- Read the report: Bank Rate reduced to 5.0% at BoE
- BoE's rate cut should 'ease conditions' on credit markets − CBI (Thomson Financial News)
- UK interbank lending rates continue to edge lower (Thomson Financial News)
- Verbatim: Bank Of England Statement (Dow Jones)
Daily Analysis - ECB and BoE will reveal interest rates today by Finotec Group Inc.
Daily FX Report - Expectation on rate decision by Varengold Wertpapierhandelsbank AG
Daily Forex Technical Report − Yen Steals the Show ahead of ECB & BoE by ActionForex.com
UK TOTAL TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 10 | 08:30 | Total Trade Balance | -4.4B | -4.2B | -5.0B |
| Apr 10 | 08:30 | Goods Trade Balance | -£7.5B | -£7.5B | -£7.9B |
DATA SNAP: UK Feb Goods Trade Deficit Narrows To GBP7.5B (Dow Jones)
The U.K. global goods deficit narrowed to GBP7.5 billion in February from an upwardly revised GBP7.9 billion in January, the Office for National Statistics said Thursday.
[ Full Story ]- Read the Trade Balance data at National Statistics
- UPDATE: UK Feb Goods Trade Deficit Narrows To GBP7.5B (Dow Jones)
- UK's trade deficit narrows in Feb as oil balance swings into surplus (Thomson Financial News)
- UK trade deficit narrows in February (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 10 | 01:30 | AU | Employment Change (Mar) | 14.8K | 10.0K | 36.7K |
| 01:30 | AU | Unemployment Rate (Mar) | 4.1% | 4.1% | 4.0% | |
| 08:30 | UK | Goods Trade Balance (Feb) | £-7.5B | -£7.5B | -£7.9B |
|
| 08:30 | UK | Total Trade Balance (Feb) | -4.4B | -4.2B | -5.0B |
|
| 09:30 | IS | Interest Rate Decision | 15.5% | 15.0% | ||
| 11:00 | UK | BoE Interest Rate Decision | 5.00% | 5.00% | 5.25% | |
| 11:45 | EMU | ECB Interest Rate Decision | 4% | 4% | ||
| 12:30 | US | Continuing Jobless Claims (Mar 29) | 2925K | 2937K | ||
| 12:30 | EMU | ECB's Trichet Speech | ||||
| 12:30 | US | Initial Jobless Claims (Apr 5) | 385K | 407K | ||