Tuesday, Apr 22, 11:03 GMT
U.S. Trading Newsletter
To Get Started
- Webinar Videos: Determine Best Studies To Use In Establishing Trend Following Trading System by Don Wilcox
- The EUR/USD fluctuating above the 1.5900 level
- FX Services: Exclusive day trading resources
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Live Sessions Schedule
Trading the AUD, NZD and their Crosses
Expert: Chris Capre
Start: Tue, Apr 22, 14:00 GMT
Type of Session: Webinar
Trading with Autochartist
Expert: Raghee Horner
Start: Tue, Apr 22, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Apr 22, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Tue, Apr 22, 14:00 GMT | Trading the AUD, NZD and their Crosses | Chris Capre | WBN |  |
| Tue, Apr 22, 15:00 GMT | Trading with Autochartist | Raghee Horner | WBN | |
| Tue, Apr 22, 16:00 GMT | Buy and Sell−Stop Hedging Techniques | Adam Rosen | WBN | |
Current Session: Europe − U.S.
EUR/JPY
Daily FX Report − The USD/JPY edges back towards the low of 103,04 by Varengold Wertpapierhandelsbank AG
Since the middle of March the EUR/JPY is located in an up trend channel. The cross through the resistance at 161,36 gave the EUR an additionally impulse. The temporary trading in the head of the channel could let expect a go on trend.
- 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
Other Topics for this Session:
EUR/JPY Daily Technical Forex − 163.80, trading below the daily pivot point level of 164.33 by Stoploss.ch
Currency Performance
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
Majors at a Glance
- EUR/USD
- Moves down towards first support level 1.5818
04/22/2008 10:18 GMT - GBP/USD
- Moves down towards first support level 1.9711
04/22/2008 10:19 GMT - USD/CHF
- Moves up above pivot level 1.0118
04/22/2008 10:19 GMT - USD/JPY
- Trades below pivot level 103.44
04/22/2008 10:20 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 BOC INTEREST RATE ANNOUNCEMENT
| Date (GMT) | Event | Cons. | Previous | |
| Apr 22 | 13:00 | BoC Interest Rate Announcement | 3.0% | 3.5% |
Forex Trading Strategies - Key Bank of Canada decision on tap today by Saxo Bank
The Bank of Canada is out today with a key interest rate decision. A slim majority in the market are looking for a 50 bp cut to bring the rate to 3.00%. With the market undecided on what Carney and company at the BOC will do, we would expect that today's decision. One problem remains conflicting pressures on CAD.
[ Full Story ]- UPDATE: Canada Poised To Cut Interest Rates To Boost Growth (Dow Jones)
- Canada Afternoon: C$ Dn On Profit Taking Before BOC Rate Call (Dow Jones)
Daily Forex Technical Report − Focus on BoC Rate Cut and US Existing Home Sales by ActionForex.com
Top Market Movers Review
Switzerland TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 22 | 06:15 | Trade Balance | 1.25B | 0.70B | 1.55B |
Swiss trade surplus narrows in the first quarter (FXstreet.com)
Swiss trade surplus has narrowed in the first three months of the year although Swiss external commerce remains growing, according to data released by the Swiss Confederation.
[ Full Story ]- Read the Trade Balance data at Swiss Confederation [text in German]
- Swiss March trade surplus up 90 percent year−on−year (Thomson Financial News)
- Switzerland Trade surplus narrows to 1.25B in Mar from 1.55B in Feb (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 22 | 06:15 | CH | Trade Balance (Mar) | 1.25B | 0.70B | 1.55B |
| 13:00 | CA | BoC Interest Rate Announcement | 3.0% | 3.5% | ||
| 14:00 | US | Existing Home Sales (Mar) | 4.92M | 5.03M | ||
| 14:00 | US | Existing Home Sales (MoM) (Mar) | -1.6% | 2.9% | ||
| 14:00 | US | Housing Price Index Q/Q (1Q) | -1.5 | -1.1 | ||
| 14:00 | US | Housing Price Index Y/Y (1Q) | -0.3% | |||
| 14:00 | US | Richmond Fed Manufacturing Index (Apr) | 2 | 6 | ||
| 21:00 | US | ABC Consumer Confidence (Apr 20) | -39 | |||
| 23:50 | JP | Adjusted Merchandise Trade Balance (Mar) | ¥890.0B | ¥598.4B | ||
| 23:50 | JP | Merchandise Trade Balance Total (Mar) | ¥1405B | ¥970B | ||