Wednesday, Apr 16, 11:13 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
EUR/USD chart is showing a spike!
ITC '08 confirmed speakers: Rob Booker, Derek Frey and Sunil Mangwani

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Live Sessions Schedule

Candlestick Trading
Expert: Valeria Bednarik
Start: Wed, Apr 16, 12:00 GMT

Type of Session: Webinar

Level of Sentiment in the FX Market
Expert: Boris Schlossberg
Start: Wed, Apr 16, 13:00 GMT
Sponsored by: FXCM
Type of Session: Webinar

Sponsored by
Wed, Apr 16, 12:00 GMT	Candlestick Trading	Valeria Bednarik	WBN
Wed, Apr 16, 13:00 GMT	Level of Sentiment in the FX Market	Boris Schlossberg	WBN
Wed, Apr 16, 15:00 GMT	Institutional Trading Strategies	Andrei Pehar	WBN
Wed, Apr 16, 16:00 GMT	Trend Trading − Part 2: Determine Best Studies To Use In Establishing Trend Following Trading System	Don Wilcox	WBN

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Current Session: Europe − U.S.

EUR/USD

Daily Technical Strategist − EURUSD: Remains Focused On The 1.5895/1.5912 zone by FXTechstrategy

EURUSD: Although a negative close was seen at the end of Tuesday closing session, the broader bias for EUR remains to the upside while its immediate task is to decisively cut through its 2008 highs at 1.5895/1.5912 and target higher prices towards the 1.6000 and the 1.6100 levels, its psycho levels ahead of its 1.618 Fib Ext at 1.6275 and then the 1.6465 level, the location of its ascending triangle price target.

[ 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 − Sky is the target: EURUSD by ForexSurvivor

Majors at a Glance

EUR/USD: Moves up towards first resistant level 1.5858
04/16/2008 11:07 GMT
GBP/USD: Moves up above pivot level 1.9670
04/16/2008 11:07 GMT
USD/CHF: Moves down below pivot level 1.0036
04/16/2008 11:07 GMT
USD/JPY: Moves down below pivot level 101.49
04/16/2008 11:07 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 PRICE INDEX

Date (GMT)		Event	Cons.	Previous
Apr 16	12:30	Consumer Price Index (MoM)	0.3%	0.0%
Apr 16	12:30	Consumer Price Index (YoY)	4%	4%

Market Session Snap−Shot - Asian Session − Inflation Watch by ACM − Advanced Currency Markets

Usd lost ground in Asian Session after the greenback rallied on the back of stronger empire manufacturing survey. Speculation has been growing all morning that US CPI will print higher than market expectations. however it was the German inflation figures which stole the show and stayed elevated giving the Eur a swift bounce.

[ Full Story ]

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

Wakeup Call on Forex Markets - Look out for CPI and JPM Earnings today by Saxo Bank

Currency and Stock Markets Weekly Outlook - The week ahead: inflation and other monthly reports by X−Trade Brokers, XTB

Top Market Movers Review

EMU CONSUMER PRICE INDEX

Date (GMT)		Event	Actual	Cons.	Previous
Apr 16	09:00	Consumer Price Index − Core (YoY)	2.0%	1.9%	1.8%
Apr 16	09:00	Consumer Price Index (MoM)	1.0%	0.9%	0.3%
Apr 16	09:00	Consumer Price Index (YoY)	3.6%	3.5%	3.3%

DATA SNAP: Euro−Zone Mar CPI Revised Up To New Record High (Dow Jones)

Euro−zone consumer prices rose at an unprecedented 3.6% on the year in March, a rate far beyond the European Central Bank's 2% target ceiling that will further reduce any chance of a near−term cut in interest rates.

[ Full Story ]

Read the report: Euro area annual inflation up to 3.6% at Eurostat
UPDATE: Euro Soars To New Record Highs After Inflation Shock (Dow Jones)
DATAWATCH Euro zone inflation's fresh record dashes any lingering rate cut hopes (Thomson Financial News)
Euro hits new all−time high of $1.5966 after revision to euro zone inflation (Thomson Financial News)

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

UK ILO UNEMPLOYMENT RATE

Date (GMT)		Event	Actual	Cons.	Previous
Apr 16	08:30	Jobless Claims Change	-1.2K	-1.8K	600.0
Apr 16	08:30	ILO Unemployment Rate	5.2%	5.2%	5.3%

DATA SNAP: UK Mar Claimant Count Dn;Feb Revised To Show Rise (Dow Jones)

U.K. unemployment fell for the 18th consecutive month in March, but the drop was smaller than expected and February's figures were revised to show the first rise in the claimant count for 17 months, official data showed Wednesday.

[ Full Story ]

Read the Labour Market data at National Statistics
UPDATE: UK Mar Claimant Count Dips, Feb Revised To Show Rise (Dow Jones)
UK March unemployment falls, earnings growth stable UPDATE (Thomson Financial News)
UK Unemployment edges down in the three months to February (FXstreet.com)

Economic Events

Date (GMT)		Country	Event	Actual	Cons.	Previous
Apr 16	08:30	UK	ILO Unemployment Rate (Feb)	5.2%	5.2%	5.3%
	08:30	UK	Jobless Claims Change	-1.2K	-1.8K	600.0
	09:00	EMU	Consumer Price Index − Core (YoY) (Mar)	2.0%	1.9%	1.8%
	09:00	EMU	Consumer Price Index (MoM) (Mar)	1.0%	0.9%	0.3%
	09:00	EMU	Consumer Price Index (YoY) (Mar)	3.6%	3.5%	3.3%
	11:00	US	MBA Mortgage Applications (Apr 11)	2.5%		5.4%
	12:30	US	Building Permits (MoM) (Mar)		970K	984K
	12:30	US	Consumer Price Index (MoM) (Mar)		0.3%	0.0%
	12:30	US	Consumer Price Index (YoY) (Mar)		4%	4%
	12:30	US	Consumer Price Index Ex Food & Energy (MoM) (Mar)		0.2%	0.0%

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