Thursday, Apr 17, 11:27 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
- EURUSD Again Setting Records by Saxo Bank
- Check USD/JPY latest movements
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Live Sessions Schedule
MONTHLY WEBINAR: Conversations with a Pro Trader − Part I
Expert: Andrei Pehar
Start: Thu, Apr 17, 13:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Apr 17, 13:00 GMT | MONTHLY WEBINAR: Conversations with a Pro Trader − Part I | Andrei Pehar | WBN |  |
| Thu, Apr 17, 15:00 GMT | MONTHLY WEBINAR: Conversations with a Pro Trader − Part II  | Andrei Pehar | WBN | |
| Fri, Apr 18, 10:00 GMT | Advanced APF Methods To Determine The Price Momentum | Sunil Mangwani | WBN |  |
| Fri, Apr 18, 15:00 GMT | Fibonacci Friday | Andrei Pehar | WBN | |
Current Session: Europe − U.S.
EUR/USD
Daily Forex News − The Dollar dropped to lifetime lows against the Euro by ACM − Advanced Currency Markets
Euro posted a new all time high at 1.5979 yesterday. Medium term trading range is set between 1.5800 – 1.6200. Strong support hold 1.5528 (23.6% retracement of 1.4311−1.5904 advance). Psychological 1.5000 level marks strong key support before 1.4500 pivot point. Initial resistance hold 1.6000 key level ahead of 1.6200 market target. Initial support hold 1.5511 April 3rd low. Minor resistance holds 1.5979
- Longer−term Support and Resistance Trading: Setups and Rules by Rob Booker, Founder and Host TraderRadio.net
- 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
Recent Recommended Trades by Ace Trader
Majors at a Glance
- EUR/USD
- Trades around opening price level 1.5948 , above pivot level 1.5894
04/17/2008 10:17 GMT - GBP/USD
- Trades around pivot level 1.9709
04/17/2008 10:17 GMT - USD/CHF
- Back around opening price level 1.0003 , below pivot level 1.0016
04/17/2008 10:17 GMT - USD/JPY
- Moves up toward first resistant level 102.23
04/17/2008 10:17 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 LEADING INDICATORS
| Date (GMT) | Event | Cons. | Previous | |
| Apr 17 | 14:00 | Leading Indicators (MoM) | 0.1% | -0.3% |
US economic indicators - March retail activity is likely to have remained weak apart from gasoline station sales by BHF−Bank
After having fallen for five consecutive months, leading indicators could have remained unchanged in March. Supplier deliveries and real M2 could have made positive contributions, but most of the other components, especially jobless claims, the stock market and consumer expectations, will have had a negative impact.
[ Full Story ]- Ahead of the Bell: Leading indicators rebound expected (Thomson Financial News)
Top Market Movers Review
EMU TRADE BALANCE S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 17 | 09:00 | Trade Balance n.s.a. | €0.8B | -€3.5B | -€11.0B |
| Apr 17 | 09:00 | Trade Balance s.a. | €2.1B | -€2.1 | -€1.0B |
DATA SNAP: Euro−Zone Trade Balance Back In Surplus In Feb (Dow Jones)
The euro zone's foreign trade balance posted its first surplus in three months in February despite concerns the soaring euro is making it harder for European exporters to compete on world markets, data from the European Union's Eurostat statistics agency showed Thursday.
[ Full Story ]- Read the report: Euro area external trade surplus 0.8 bn euro at Eurostat
- UPDATE: Euro−Zone Trade Balance Swings Back Into Surplus (Dow Jones)
- Euro Zone Trade Balance swings back into surplus in February (FXstreet.com)
- Euro zone Feb trade surplus 0.8 bln euros vs revised deficit 11 bln in Jan (Thomson Financial News)
EMU economic indicators - German ZEW economic sentiment is not likely to have continued improving in April by BHF−Bank
EMU ECB PUBLISHES MONTHLY REPORT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 17 | 08:00 | ECB Publishes Monthly Report | - | - | - |
ECB Apr Bulletin: Strong Short−Term CPI Pressure Confirmed (Dow Jones)
Short−term price pressure is confirmed, and temporarily high inflation rates may be protracted, the European Central Bank repeated in its April monthly bulletin Thursday.
[ Full Story ]- Read the Monthly Bulletin at ECB
- The ECB reaffirms its commitment on maintaining price stability (FXstreet.com)
- ECB says uncertainty about growth outlook remains unusually high (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 17 | 09:00 | EMU | Construction Output s.a (MoM) (Feb) | 1.2% | 1.6% | |
| 09:00 | EMU | Trade Balance n.s.a. (Feb) | €0.8B | -€3.5B | -€11.0B |
|
| 11:00 | CA | Bank of Canada Consumer Price Index Core (MoM) (Mar) | 0.2% | 0.3% | 0.5% | |
| 11:00 | CA | Bank of Canada Consumer Price Index Core (YoY) (Mar) | 1.3% | 1.4% | 1.5% | |
| 11:00 | CA | Consumer Price Index (MoM) (Mar) | 0.4% | 0.3% | 0.4% | |
| 11:00 | CA | Consumer Price Index (YoY) (Mar) | 1.4% | 1.4% | 1.8% | |
| 12:30 | US | Continuing Jobless Claims (Apr 5) | 2915K | 2940K | ||
| 12:30 | US | Initial Jobless Claims (Apr 12) | 365K | 357K | ||
| 14:00 | US | Leading Indicators (MoM) (Mar) | 0.1% | -0.3% | ||
| 14:00 | US | Philadelphia Fed Manufacturing Survey (Apr) | -15.0 | -17.4 | ||