Tuesday, Apr 15, 11:11 GMT

U.S. Trading Newsletter

To Get Started

Webinar Videos: Technical Analysis Bootcamp: The indicators you need to know and how to interpret them by Dan Blystone
Be aware of the USD movements against the other majors
Monthly Webinar with Andrei Pehar - Thursday 17th
Are you a Forex Newbie? Check our Beginners Video Course

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Live Sessions Schedule

Technical Analysis Bootcamp: The indicators you need to know and how to interpret them
Expert: Dan Blystone
Start: Tue, Apr 15, 14:00 GMT

Type of Session: Webinar

Trading with Autochartist
Expert: Raghee Horner
Start: Tue, Apr 15, 15:00 GMT

Type of Session: Webinar

Sponsored by
Tue, Apr 15, 11:00 GMT	FX Instructor Live Trading Room	Mark De La Paz	WBN
Tue, Apr 15, 14:00 GMT	Technical Analysis Bootcamp: The indicators you need to know and how to interpret them	Dan Blystone	WBN
Tue, Apr 15, 15:00 GMT	Trading with Autochartist	Raghee Horner	WBN
Tue, Apr 15, 17:00 GMT	Live Look at Today's Markets	Derek Frey	WBN

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Current Session: Europe − U.S.

GBP/USD

Daily FX Report − The USD edged up against the JPY and the EUR by Varengold Bank Research Team

The GBP/USD fell 0,3% to 1,9730 after UK house price survey showed the lowest reading in its 30−year history. The report reinforced concerns that the BoE will keep cutting rates.

GBP/USD trades in a tapered triangle. After it broke through the old support level at 1,9723 the new support level could be at 1,9647. The down adjustment of the horizontal side of the tapered triangle could be a sign for further down potential.

[ 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

Weekly Analysis

EUR/USD Briefing − Will G−7 members save the USD? by Nexum Capital Markets

Currency Performance

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

Majors at a Glance

EUR/USD: Trades around opening price level 1.5827 , above pivot level 1.5796
04/15/2008 11:09 GMT
GBP/USD: Trades below pivot level 1.9774
04/15/2008 11:09 GMT
USD/CHF: Moves down below pivot level 0.9996
04/15/2008 11:09 GMT
USD/JPY: Trades around pivot level 100.98
04/15/2008 11:09 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 PRODUCER PRICE INDEX

Date (GMT)		Event	Cons.	Previous
Apr 15	12:30	Producer Price Index (MoM)	0.7%	0.3%
Apr 15	12:30	Producer Price Index (YoY)	6.1%	6.4%
Apr 15	12:30	Producer Price Index ex Food & Energy (MoM)	0.2%	0.5%
Apr 15	12:30	Producer Price Index ex Food & Energy (YoY)	2.7%	2.4%

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

The Producer Price Index, a measure of wholesale inflation, is expected to have increased 0.5 pct in March, two tenths of a percentage point more than it grew in the previous month. Core PPI, which excludes highly volatile food and energy prices, is expected to have increased in March by 0.2 pct, less than the 0.5 pct it grew in the previous month.

[ Full Story ]

Top Market Movers Review

Germany ZEW SURVEY &MINUS; ECONOMIC SENTIMENT

Date (GMT)		Event	Actual	Cons.	Previous
Apr 15	09:00	ZEW Survey − Economic Sentiment	-40.7	-30.0	-32.0

DATA SNAP: German ZEW Econ Expectations Plummet In April (Dow Jones)

Sentiment among German financial analysts and institutional investors deteriorated in April on "extraordinary high price pressure", the Center for European Economic Research, or ZEW said Tuesday.

[ Full Story ]

Read the Indicator of Economic Sentiment data at ZEW
2nd UPDATE: German ZEW Econ Expectations Plummet In April (Dow Jones)
UPDATE: German Sentiment Grows More Pessimistic, ZEW Survey Shows (Dow Jones)
German ZEW April economic expectations index −40.7 pts vs −32.0 in March UPDATE (Thomson Financial News)

EMU economic indicators - German ZEW economic sentiment is not likely to have continued improving in April by BHF−Bank

UK CONSUMER PRICE INDEX

Date (GMT)		Event	Actual	Cons.	Previous
Apr 15	08:30	Core Consumer Price Index (YoY)	1.2%	1.3%	1.2%
Apr 15	08:30	Consumer Price Index (YoY)	2.5%	2.6%	2.5%
Apr 15	08:30	Consumer Price Index (MoM)	0.4%	0.6%	0.7%

UK March annual CPI inflation unchanged at 2.5 percent (Thomson Financial News)

Annual UK CPI inflation was unchanged in March at 2.5 percent as rises in air travel and energy prices were offset by falls in furniture prices, official figures from the Office for National Statistics showed.

[ Full Story ]

Read the Consumer Price Indices data at National Statistics
FOCUS Pound in retreat on grim housing news, below−forecast UK inflation (Thomson Financial News)
UK CPI remains steady at 2.5% in March (FXstreet.com)
United Kingdom Consumer Price Index rises 0.4% in Mar; core CPI also 0.4% up (FXstreet.com)

Daily Forex Technical Report − Sterling Tumbles ahead of CPI by ActionForex.com

Economic Events

Date (GMT)		Country	Event	Actual	Cons.	Previous
Apr 15	08:30	UK	Consumer Price Index (MoM) (Mar)	0.4%	0.6%	0.7%
	08:30	UK	Consumer Price Index (YoY) (Mar)	2.5%	2.6%	2.5%
	08:30	UK	DCLG House Price Index (YoY) (Feb)	6.7%	7.4%	8.0%
	08:30	UK	Retail Price Index (MoM) (Mar)	0.3%	0.5%	0.8%
	08:30	UK	Retail Price Index (YoY)	3.8%	3.9%	4.1%
	09:00	DE	ZEW Survey − Economic Sentiment (Apr)	-40.7	-30.0	-32.0
	12:30	US	NY Empire State Manufacturing Index (Apr)		-18.00	-22.23
	12:30	US	Producer Price Index (YoY) (Mar)		6.1%	6.4%
	12:30	US	Producer Price Index ex Food & Energy (MoM) (Mar)		0.2%	0.5%
	12:30	US	Producer Price Index ex Food & Energy (YoY) (Mar)		2.7%	2.4%

[ View All ]