Friday, Apr 18, 11:32 GMT
U.S. Trading Newsletter
To Get Started
- Webinar Videos: Forex Mysteries Revealed by S. Wade Hansen
- EUR/USD shows a sharp fall
- Forex Tools: Rate History Tool
- In the Futures Section: Market Review
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Live Sessions Schedule
Fibonacci Friday
Expert: Andrei Pehar
Start: Fri, Apr 18, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Apr 18, 15:00 GMT | Fibonacci Friday | Andrei Pehar | WBN |  |
| Mon, Apr 21, 10:00 GMT | Understand & Use Fibonacci Ratio's Effectively | Sunil Mangwani | WBN |  |
| Mon, Apr 21, 11:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
| Mon, Apr 21, 13:00 GMT | Stocks for currency traders | John Jagerson | WBN |  |
Current Session: Europe − U.S.
USD/JPY
EUR/USD Technical Special − USD recovering against the other majors by The USD/JPY 15 mins chart shows a big spike of over 100 pips after the release of Citi bank group data. Bullish momentum is not likely to end any time soon. The pair is fluctuaiting above 103.00 level. Immeidate resistance is seen at 103.37 while support is seen at 102.72.
The USD/JPY remains steady at 102,43, hovering near a 1−mth high of 102,95. The pair likely drawing some support from dollar−buying triggered by this week's spike in 10−yr Treasury yields, says a trader. The fact that this week's US bank earnings have not contained any major negative surprises has actuate some short−covering
- 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
Daily FX Forecast by S.A.F.E. Ltd
Majors at a Glance
- EUR/USD
- Drops below first support level 1.5842
04/18/2008 11:12 GMT - GBP/USD
- Trades below first resistant level 1.9992
04/18/2008 11:12 GMT - USD/CHF
- Moves up above second resistant level 1.0171
04/18/2008 11:12 GMT - USD/JPY
- Moves up above second resistant level 103.30
04/18/2008 11:13 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
Canada WHOLESALE SALES
| Date (GMT) | Event | Cons. | Previous | |
| Apr 18 | 12:30 | Wholesale Sales (MoM) | 0.4% | 2.6% |
Trading News Report - Can Strong Wholesale Sales, Put "Loonie" Bulls Back On Track by FXCM
Canadian fundamental data will have the stage to itself, with no U.S. releases scheduled for Friday, which should provide trade worthy event risk. Wholesale sales and leading indicators will battle for traders attention when they are released simultaneously. The "Loonie' has been riding a wave of bullish sentiment on the back of oil prices setting another record over $115 per barrel.
[ Full Story ]Top Market Movers Review
UK M4 MONEY SUPPLY
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 18 | 08:30 | M4 Sterling Lending | £17.7B | £15.0B | £17.6B |
| Apr 18 | 08:30 | M4 Money Supply (MoM) | 0.8% | 0.5% | 0.2% |
| Apr 18 | 08:30 | M4 Money Supply (YoY) | 12.0% | 11.6% | 12.4% |
UK M4 money supply and M4 lending grow above expectations in March (FXstreet.com)
According to provisional estimations by the Bank of England, UK's M4 money supply, as well as M4 lending have risen above expectations in March.
[ Full Story ]- Read the M4 money data at BoE
- UK M4 year to March growth eases (Thomson Financial News)
- United Kingdom M4 Money Supply rises 0.8% in Mar; 12.0% up year on year (FXstreet.com)
Daily Forex Outlook - U.S dollar regains some strength, not before reaching record lows. Sterling surges on back of BoE liquidity plan by Easy Forex
Germany PRODUCER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 18 | 06:00 | Producer Price Index (YoY) | 4.2% | 4.0% | 3.8% |
| Apr 18 | 06:00 | Producer Price Index (MoM) | 0.7% | 0.5% | 0.7% |
DATA SNAP: German March PPI +0.7% On Mo, +4.2% On Yr (Dow Jones)
German producer prices rose faster than expected in March, driven by a robust rise in energy prices, data from the Federal Statistics Office showed Friday. The producer price index, which measures prices at the factory gate, rose 0.7% on the month and 4.2% on the year, the statistics office, or Destatis said.
[ Full Story ]- Read the Producer prices data at German Statistics
- German March PPI up 0.7 pct from Feb, up 4.2 pct yr−on−yr (Thomson Financial News)
- German Producer Prices Index rises 4.2% on the year in March (FXstreet.com)
- Germany Producer Price Index rises 0.7% in Mar; 4.2% up year on year (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 18 | 06:00 | DE | Producer Price Index (YoY) (Mar) | 4.2% | 4.0% | 3.8% |
| 08:30 | UK | CML Gross Mortgage Lending s.a. (Mar) | £26.3 | £25.0B | ||
| 08:30 | UK | M4 Money Supply (MoM) (Mar)  | 0.8% | 0.5% | 0.2% | |
| 08:30 | UK | M4 Money Supply (YoY) (Mar) | 12.0% | 11.6% | 12.4% | |
| 08:30 | UK | M4 Sterling Lending (Mar) | £17.7B | £15.0B | £17.6B | |
| 08:30 | UK | Public Sector Net Borrowing (Mar) | £10.2B | £7.8 | £2.7B | |
| 12:30 | CA | Leading Indicators (MoM) (Mar) | 0.1% | -0.3% | ||
| 12:30 | CA | Wholesale Sales (MoM) (Feb) | 0.4% | 2.6% | ||
| Apr 20 | 23:01 | UK | Rightmove House Price Index (MoM) (Apr) | 0.8% | ||
| 23:01 | UK | Rightmove House Price Index (YoY) (Apr) | 5% | |||