Monday, Apr 28, 11:16 GMT
U.S. Trading Newsletter
To Get Started
- Webinar Videos: Stocks for currency traders by John Jagerson
- Weekly Pivot Points: April 28 − May 2, 2008 by Wayne McDonell
- Exclusive Forex and Futures Trading Strategies by Markus Heitkoetter
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Live Sessions Schedule
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Apr 28, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
Central Bank Review: AUD, NZD, CAD, CHF
Expert: Adam Rosen
Start: Mon, Apr 28, 16:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Apr 28, 11:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
| Mon, Apr 28, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Mon, Apr 28, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Mon, Apr 28, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
Current Session: Europe − U.S.
USD/JPY
Daily Trading Forecast − New Horizons for the USD? by Swiss e Trade AG
Decision time for the USD / JPY: The constructive saucer pattern is now completed and waiting for its bullish confirmation, i.e. an outbreak over the 104.80 level. Currently trading at 104.42, we would like to see this outbreak first before we would consider any long positions. See chart below.
- Using Fibonacci levels to project price targets and timing by John Jagerson, Founder Profiting With Forex
- Check out how pairs moved: Live Currency Rates & Charts
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
Weekly Analysis
Daily Forex News − Last week European data knocked off Euro from record 1.6019 high by ACM − Advanced Currency Markets
Currency Performance
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
Majors at a Glance
- EUR/USD
- Back around pivot level 1.5620
04/28/2008 10:13 GMT - GBP/USD
- Moves down below pivot level 1.9798
04/28/2008 10:14 GMT - USD/CHF
- Trades below pivot level 1.0364
04/28/2008 10:15 GMT - USD/JPY
- Trades above pivot level 104.37
04/28/2008 10:15 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
Germany CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Apr 28 | 15:00 | Consumer Price Index (MoM) | 0.2% | 0.5% |
| Apr 28 | 15:00 | Consumer Price Index (YoY) | 2.8% | 3.1% |
Friday Notes - ECB rate cuts – merely postponed! by HVB Group
A further increase in energy and food prices should have also driven consumer prices higher m−o−m in April. The y−o−y rate should, however, decline after the early Easter holiday and the disappearance of the base effect of the tuition fees introduced in several federal states in the pre−year month.
[ Full Story ]- Baden−Wuerttemberg April CPI down 0.2 pct vs March, up 2.3 pct year−on−year (Thomson Financial News)
- DATA SNAP: Baden−Wuerttemberg Apr CPI −0.2% On Mo, +2.3% Y−Y (Dow Jones)
EMU economic indicators - German retail sales might have stabilized in March by BHF−Bank
Top Market Movers Review
Germany GFK CONSUMER CONFIDENCE SURVEY
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 28 | 06:10 | Gfk Consumer Confidence Survey | 5.9 | - | 4.8 |
UPDATE: German Consumer Sentiment Defies Pessimists (Dow Jones)
Consumer confidence in Germany turned strongly positive, soaring to the highest level since October 2007. German market research group GfK's forward−looking consumer climate index soared to 5.9 points for May from an upwardly revised 4.8 points in April, it said.
[ Full Story ]- Read the report: Germany: consumers regain confidence at GfK Group
- 2nd UPDATE: Wage Deals Buoy German Consumer Sentiment (Dow Jones)
- Germany's GfK sees May consumer climate index at 5.9 vs 4.8 in April UPDATE (Thomson Financial News)
- Germany's GfK sees May consumer climate index at 5.9 vs 4.8 in April (Thomson Financial News)
Friday Notes - ECB rate cuts – merely postponed! by HVB Group
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 27 | 23:50 | JP | Retail Trade (YoY) (Mar) | 1.1% | 3.1% | |
| 23:50 | JP | Retail Trade s.a (MoM) (Mar) | 0.5% | -1.0% | ||
| Apr 28 | 00:01 | UK | Hometrack Housing Prices s.a (Apr) | -0.9 | 0.4 | |
| 06:10 | DE | Gfk Consumer Confidence Survey (May) | 5.9 | 4.8 |
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| 07:00 | EMU | ECB Trichet's Speech | ||||
| 09:45 | EMU | European Comission's Economic Growth Forecasts | ||||
| 15:00 | DE | Consumer Price Index (MoM) (Apr)  | 0.2% | 0.5% | ||
| 15:00 | DE | Consumer Price Index (YoY) (Apr) | 2.8% | 3.1% | ||
| 22:45 | NZ | Trade Balance (Mar) | 390M | 258M | ||
| Apr 29 | 08:00 | EMU | Bloomberg Retail PMI (Apr) | 48.2 | ||