Friday, Apr 25, 11:13 GMT

U.S. Trading Newsletter

To Get Started

Webinar Videos: MONTHLY WEBINAR: Conversations with a Pro Trader - Part I by Andrei Pehar
Check the latest Futures markets news
EUR/GBP falls over 100 pips, current at 0.7870
Forex Video: News Trade Alert by Wayne McDonell

Note that our messages might be blocked by anti-spam filters so please add newsletter@fxstreet.com or our domain (fxstreet.com) to your address book.

Live Sessions Schedule

Momentum and SMA 20: Alexander Elder Technique explained
Expert: Valeria Bednarik
Start: Fri, Apr 25, 12:00 GMT

Type of Session: Webinar
Topics
− How to set the right stops and limits for each major and time frame
− Profiting with a simple and reliable technique; special settings for each major

Fibonacci Friday
Expert: Andrei Pehar
Start: Fri, Apr 25, 15:00 GMT

Type of Session: Webinar

Sponsored by
Fri, Apr 25, 12:00 GMT	Momentum and SMA 20: Alexander Elder Technique explained	Valeria Bednarik	WBN
Fri, Apr 25, 15:00 GMT	Fibonacci Friday	Andrei Pehar	WBN
Mon, Apr 28, 10:00 GMT	Understand & Use Fibonacci Ratio's Effectively	Sunil Mangwani	WBN
Mon, Apr 28, 11:00 GMT	Weekly Webinar: 1st on Forex − The Week Ahead	Jerry Furst	WBN

[ View All ]

Current Session: Europe − U.S.

EUR/USD

Daily Trading Forecast − Consolidation after the Big Surge by Swiss e Trade AG

After the publication of the not−so−great Ifo report yesterday, the EUR / USD endured a pummeling and broke through the uptrend line in the daily chart and is currently at 1.5590, a support line. Due to its heavily oversold situation, we expect some recovery moves today to the 1.5650 area, where we would sell the pair again. In view of the limited downside potential right now, we refrain from making a recommendation.

[ Full Story ]

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 SummaryTable by ActionForex.com

FX Analysts' Comments

Forex Video | News Trade Alert | April 25, 2008 by http://fxbWayne McDonell, FxBootcamp.com

Majors at a Glance

EUR/USD: Moves down below opening price level 1.5684 , below pivot level 1.5741
04/25/2008 10:05 GMT
GBP/USD: Moves down towards first support level 1.9680
04/25/2008 10:05 GMT
USD/CHF: Moves up above opening price level 1.0355 , above pivot level 1.0293
04/25/2008 10:06 GMT
USD/JPY: Moves up above opening price level 104.25 , above pivot level 104.04
04/25/2008 10:07 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 REUTERS/MICHIGAN CONSUMER SENTIMENT INDEX

Date (GMT)		Event	Cons.	Previous
Apr 25	14:00	Reuters/Michigan Consumer Sentiment Index	63.5	69.5

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

The week will conclude with the release of the University of Michigan survey of consumer sentiment. The final results from the survey in March are expected to remain unchanged at 63.2 from the preliminary March reading. Bryson said he is uncertain which direction the revision will go, but either way it will likely be small.

[ Full Story ]

Ahead of the Bell: Consumer Sentiment (Thomson Financial News)

Top Market Movers Review

UK GROSS DOMESTIC PRODUCT

Date (GMT)		Event	Actual	Cons.	Previous
Apr 25	08:30	Gross Domestic Product (YoY)	2.5%	2.6%	2.8%
Apr 25	08:30	Gross Domestic Product (QoQ)	0.4%	0.4%	0.6%

DATA SNAP: UK 1Q GDP Grows At Slowest Pace In 3 Yrs; +0.4% QQ (Dow Jones)

U.K. economic growth slowed to its weakest rate in three years in the first quarter of 2008 as the dominant services sector lost momentum, and production, construction and agriculture also weakened.

[ Full Story ]

Read the Gross Domestic Product data at UK Statistics Authority
Forex − Pound boosted by investors braced for sharper UK GDP slowdown (Thomson Financial News)
UPDATE: UK 1Q GDP Grows At Slowest Pace In 3 Yrs; +0.4% QQ (Dow Jones)
UK quarterly Q1 GDP growth stumbles to 3−year low of 0.4 percent (Thomson Financial News)

Daily Forex Technical Report − Dollar Remains Firm, UK Q1 GDP Eyed by ActionForex.com

Trading News Report - Will U.K. GDP Provide Tradeable Event Risk? by FXCM

EMU M3

Date (GMT)		Event	Actual	Cons.	Previous
Apr 25	08:00	M3 (YoY)	10.3%	10.6%	11.3%

Euro Zone M3 growth rises 10.3% on the year in March (FXstreet.com)

Euro Zone's M3 money supply has grown in March at a somewhat lower yearly rate than in February or January, according to figures released by the European Central Bank.

[ Full Story ]

Read the M3 money data at ECB
DATA SNAP: Euro−Zone Mar M3 +10.3% On Year Vs +11.3% In Feb (Dow Jones)
Euro area March M3 growth at 10.3 pct year−on−year vs 11.3 pct in Feb (Thomson Financial News)
EU M3 rises 10.3% in Mar; 3−mth average, 11.1% up (FXstreet.com)

EMU economic indicators - M3 growth probably slowed down to 10.3% yoy in March by BHF−Bank

Economic Events

Date (GMT)		Country	Event	Actual	Cons.	Previous
Apr 25	06:00	DE	Import Price Index (MoM) (Mar)	0.4%	0.6%	1.1%
	06:00	DE	Import Price Index (YoY) (Mar)	5.7%	5.9%	5.9%
	08:00	EMU	M3 (YoY) (Mar)	10.3%	10.6%	11.3%
	08:30	UK	Gross Domestic Product (QoQ) (1Q)	0.4%	0.4%	0.6%
	08:30	UK	Gross Domestic Product (YoY) (1Q)	2.5%	2.6%	2.8%
	08:30	UK	Index of Services (Feb)	0.3%	0.4%	0.6%
	14:00	US	Reuters/Michigan Consumer Sentiment Index (Apr)		63.5	69.5
Apr 27	23:15	JP	Nomura/ JMMA Manufacturing Puchasing Manager Index (Apr)			49.5
	23:50	JP	Large Retailer's Sales (Mar)			1.3%
	23:50	JP	Retail Trade (YoY) (Mar)			3.1%

[ View All ]