Monday, Apr 21, 11:23 GMT
U.S. Trading Newsletter
To Get Started
- Webinar Videos: Determine Best Studies To Use In Establishing Trend Following Trading System by Don Wilcox
- Be aware of the GBP/USD movement today
- In the Futures Section: Market Review
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Live Sessions Schedule
Stocks for currency traders
Expert: John Jagerson
Start: Mon, Apr 21, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Apr 21, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| 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 | |
| Mon, Apr 21, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Mon, Apr 21, 15:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets  | Steve Primo | WBN |  |
Current Session: Europe − U.S.
EUR/USD
Daily Technical Analysis − Euro is not overbought and futures positions are well below last year's record by Mizuho Corporate Bank
Comment: Looking slightly unsteady as we hover under a new record high (1.5985). The Euro is not overbought and futures positions are well below last year's record. For today expect small random moves roughly between 1.5750 and 1.5900.
Strategy: Possibly attempt tiny longs at 1.5800; stop below 1.5700. Short term target 1.5900/1.5950.
- Longer−term Support and Resistance Trading: Setups and Rules by Rob Booker, Currency Analyst Piptopia
- 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 Analysts' Comments
EUR/USD on the way down by Rob Booker, Currency Trader
Majors at a Glance
- EUR/USD
- Trades below pivot level 1.5825
04/21/2008 10:16 GMT - GBP/USD
- Back around opening price level 1.9965 , above pivot level 1.9941
04/21/2008 10:16 GMT - USD/CHF
- Trades around pivot level 1.0169
04/21/2008 10:16 GMT - USD/JPY
- Trades around opening price level 103.89 , above pivot level 103.53
04/21/2008 10:16 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 EXISTING HOME SALES
| Date (GMT) | Event | Cons. | Previous | |
| Apr 22 | 14:00 | Existing Home Sales | - | 5.03M |
| Apr 22 | 14:00 | Existing Home Sales (MoM) | - | 2.9% |
Friday Notes - Germany can't dance alone forever by HVB Group
The underlying situation is not healthy, and sellers are being compelled to cut prices substantially. However, industry sources suggest that sales of existing homes would have been even worse but are being lifted somewhat by transactions associated with foreclosed properties. (For example, in San Diego CA, hard hit by the subprime crisis, over a third of home sales this year involve foreclosures, up from just 5% a year ago).
[ Full Story ]- HIGHLIGHTS Outlook of US economic indicators to be released in the coming week (Thomson Financial News)
Top Market Movers Review
Switzerland PRODUCER AND IMPORT PRICES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 21 | 07:15 | Producer and Import Prices (MoM) | 0.6% | 0.3% | 0.2% |
| Apr 21 | 07:15 | Producer and Import Prices (YoY) | 3.9% | 3.6% | 3.6% |
Swiss Producer and import prices index accelerates in March on energy prices (FXstreet.com)
Metal and petrol products have pushed the Swiss producer and import prices up in March, according to the latest survey by the Swiss statistics office.
[ Full Story ]- Read the Producer and Import Prices data at Swiss Statistics
- Swiss March PPI up 3.9 percent year−on−year (Thomson Financial News)
- Switzerland Mar Producer and Import Prices up 0.6%; 3.9% up year on year (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 21 | 01:30 | AU | New Motor Vehicle Sales (MoM) (Mar) | 1.0% | -2.4% |
|
| 05:00 | JP | Coincident Index (Feb) | 70.0% | 70.0% | 63.6% | |
| 05:00 | JP | Leading Economic Index (Feb) | 54.5 | 54.5 | 36.4 | |
| 07:15 | CH | Producer and Import Prices (MoM) (Mar) | 0.6% | 0.3% | 0.2% | |
| 07:15 | CH | Producer and Import Prices (YoY) (Mar) | 3.9% | 3.6% | 3.6% | |
| 09:00 | EMU | ECB's Trichet Speech | ||||
| 12:30 | CA | Canadian Investment in Foreign Securities (Feb) | $131M | |||
| 12:30 | CA | Foreign investment in Canadian securities (Feb) | $916M | |||
| Apr 22 | 06:15 | CH | Trade Balance (Mar) | 0.70B | 1.55B | |
| 13:00 | CA | BoC Interest Rate Announcement | 3.5% | |||