Monday, Apr 14, 11:13 GMT

U.S. Trading Newsletter

To Get Started

Webinar Videos: Trend Trading - Part 1: Elements of Trend Trading in FX and Futures Markets by Don Wilcox
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Live Sessions Schedule

Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Apr 14, 14:00 GMT
Sponsored by: Odom & Frey Futures, FOREX & Options
Type of Session: Webinar

The Currency Ramifications of a US Recession
Expert: Joseph Trevisani
Start: Mon, Apr 14, 16:00 GMT

Type of Session: Webinar

Sponsored by
Mon, Apr 14, 11:00 GMT	Weekly Webinar: 1st on Forex − The Week Ahead	Jerry Furst	WBN
Mon, Apr 14, 14:00 GMT	Derek Frey's Outlook	Derek Frey	WBN
Mon, Apr 14, 15:00 GMT	Advanced Methods for Finding Dominant Trends in Forex Markets	Steve Primo	WBN
Mon, Apr 14, 16:00 GMT	The Currency Ramifications of a US Recession	Joseph Trevisani	WBN

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Current Session: Europe − U.S.

GBP/USD

Foreing Exchange − Cable: Bearish momentum is intact by Avantage Financial GMBH

Bearish momentum is intact below 1.9944 today (falling res). A break above 1.9967 opens for higher levels. Have minor support at 1.9720 level with more support on that former overhead resistance line (now support), coming in at 1.9616 today.
Support: 1.9720 (break out level), 1.9650 (break out level), 1.9616 (former overhead res), 1.9360, 1.9337 (key Jan low), 1.9310
Resistance: 1.9944 (falling res), 2.0261 (falling res from Nov07 highs), 2.0447 (overhead res), 2.0570 (trend channel resistance)

[ Full Story ]

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

Currency Performance

Action Bias Summary Table − Action Bias Summary Table by ActionForex.com

FX' Signal

Spot Forex Trades − 20pips EURUSD Mission Accomplished by ForexSurvivor

Majors at a Glance

EUR/USD: Moves up towards pivot level 1.5806
04/14/2008 10:08 GMT
GBP/USD: Moves up above pivot level 1.9722
04/14/2008 10:08 GMT
USD/CHF: Moves down below pivot level 1.0020
04/14/2008 10:08 GMT
USD/JPY: Moves down towards first support level 100.27
04/14/2008 10:08 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 RETAIL SALES

Date (GMT)		Event	Cons.	Previous
Apr 14	12:30	Retail Sales ex Autos (MoM)	0.2%	-0.2%
Apr 14	12:30	Retail Sales (MoM)	0.1%	-0.6%

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

The week will begin with the release of retail sales, which in March are expected to have been flat following last month's 0.6 pct decline. Excluding automobiles, retail sales are expected to have increased 0.2 pct following a 0.2 pct decline in the previous month.

[ Full Story ]

Top Market Movers Review

EMU INDUSTRIAL PRODUCTION S.A.

Date (GMT)		Event	Actual	Cons.	Previous
Apr 14	09:00	Industrial Production w.d.a. (YoY)	3.1%	-	3.3%
Apr 14	09:00	Industrial Production s.a. (MoM)	0.3%	0.2%	0.6%

DATA SNAP: Euro−Zone Feb Indus Output Remains Resilient (Dow Jones)

Industrial output in the 15 countries that share the single currency remained resilient in February, as yet unscathed by slowing global growth and the strength of the euro. Industrial production across the euro zone rose 0.3% on the month in February and 3.1% on the year.

[ Full Story ]

Read the report: Industrial production up by 0.3% in euro area at Eurostat
UPDATE: Euro Zone Indus Output Expands; Capital Goods Strong (Dow Jones)
Euro zone Feb industrial output up 0.3 pct vs Jan, up 3.1 yr−on−yr (Thomson Financial News)
Euro Zone's industrial production slows down in February (FXstreet.com)

Friday Notes - Recession fears spreading to Europe by HVB Group

UK PRODUCER PRICE INDEX &MINUS; INPUT

Date (GMT)		Event	Actual	Cons.	Previous
Apr 14	08:30	Producer Price Index − Output (MoM) n.s.a	0.9%	0.5%	0.3%
Apr 14	08:30	Producer Price Index − Output (YoY) n.s.a	6.2%	5.6%	5.7%
Apr 14	08:30	Producer Price Index − Input (YoY) n.s.a	20.4%	19.3%	19.3%
Apr 14	08:30	Producer Price Index − Input (MoM) s.a	1.8%	1.8%	1.9%

UK March producer prices surge; annual input prices hit record high (Thomson Financial News)

UK producer prices continued to surge in March, led by rising oil prices and duty hikes from this year's Budget. Both output and input prices were sharply higher during the month, pointing to continued inflationary pressures over the coming months.

[ Full Story ]

Read the Producer Prices data at National Statistics
UPDATE: UK Mar Output PPI Up 6.2% On Yr, Highest Since 1991 (Dow Jones)
DATA SNAP: UK Mar PPI Up 6.2% On Yr, Highest Since 1991 (Dow Jones)
UK Producer prices grow above expectations in March (FXstreet.com)

Economic Events

Date (GMT)		Country	Event	Actual	Cons.	Previous
Apr 14	08:30	UK	Producer Price Index − Input (MoM) s.a (Mar)	1.8%	1.8%	1.9%
	08:30	UK	Producer Price Index − Input (YoY) n.s.a (Mar)	20.4%	19.3%	19.3%
	08:30	UK	Producer Price Index − Output (MoM) n.s.a (Mar)	0.9%	0.5%	0.3%
	08:30	UK	Producer Price Index − Output (YoY) n.s.a (Mar)	6.2%	5.6%	5.7%
	09:00	EMU	Industrial Production s.a. (MoM) (Feb)	0.3%	0.2%	0.6%
	09:00	EMU	Industrial Production w.d.a. (YoY) (Feb)	3.1%		3.3%
	12:30	CA	New Motor Vehicle Sales (MoM) (Feb)		-1.5%	8.2%
	12:30	US	Retail Sales (MoM) (Mar)		0.1%	-0.6%
	12:30	US	Retail Sales ex Autos (MoM) (Mar)		0.2%	-0.2%
	14:00	US	Business Inventories (Feb)		0.5%	0.8%

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