Tuesday, Apr 29, 11:17 GMT
U.S. Trading Newsletter
To Get Started
- Webinar Videos: MONTHLY WEBINAR: Conversations with a Pro Trader - Part I and Part II by Andrei Pehar
- Central Banks − Fed: Preview of Apr 30 Meeting by FXstreet.com
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Live Sessions Schedule
Trading with Autochartist
Expert: Raghee Horner
Start: Tue, Apr 29, 15:00 GMT
Type of Session: Webinar
Live Look at Today's Markets
Expert: Derek Frey
Start: Tue, Apr 29, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Apr 29, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Tue, Apr 29, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN |  |
| Tue, Apr 29, 13:30 GMT | Forex with Ed Ponsi | Ed Ponsi | WBN | |
| Tue, Apr 29, 15:00 GMT | Trading with Autochartist | Raghee Horner | WBN | |
Current Session: Europe − U.S.
EUR/USD
Forex Daily Analysis − 29/04/'08 − U.S. Consumer Confidence On Tap by ForexYard
The pair has been going through a strong corrective move for the past week while breaching through several key Fibonacci levels. The bearish breach through 1.5670 has been validated, and fresh bearish momentum has been created. The next test should be around 1.5580 and if breached will cause the continuation of the bearish move.
- 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
Currency Performance
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
FX' Signal
Spot Forex Trades − Natural Gas: Light Correction by ForexSurvivor by ForexSurvivor
Majors at a Glance
- EUR/USD
- Drops toward second support level 1.5549
04/29/2008 09:59 GMT - GBP/USD
- Moves down below pivot level 1.9886
04/29/2008 10:00 GMT - USD/CHF
- Moves up toward second resistant level 1.0402
04/29/2008 10:00 GMT - USD/JPY
- Trades below pivot level 1046.36
04/29/2008 10:01 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 CONSUMER CONFIDENCE
| Date (GMT) | Event | Cons. | Previous | |
| Apr 29 | 14:00 | Consumer Confidence | 62.0 | 64.5 |
US economic indicators - Consumer confidence is likely to have declined noticeably again in April by BHF−Bank
Since peaking in July 2007, the Conference Board's consumer confidence has already fallen by about 50 points to 64.5, but it is unlikely to have bottomed out yet: we already know that the University of Michigan's preliminary April consumer sentiment plunged to a 26− year low, and the weekly ABC consumer comfort index has also continued deteriorating.
[ Full Story ]- OUTLOOK Highlights of US economic indicators to be released in the coming week (Thomson Financial News)
Forex Daily Analysis - 29/04/'08 − U.S. Consumer Confidence On Tap by ForexYard
Top Market Movers Review
UK CBI DISTRIBUTIVE TRADES SURVEY − REALIZED
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 29 | 10:00 | CBI Distributive Trades Survey − Realized (MoM) | -26 | -3 | 1 |
UK April retail sales see sharpest fall since November 2005 − CBI UPDATE (Thomson Financial News)
Sales on the UK high street fell sharply in April as fears of an economic slowdown were compounded by bad weather and early Easter, the country's leading business lobby said.
[ Full Story ]- Read the report: Retail Sales suffer sharp drop in April at CBI
- UK April retail sales see sharpest fall since November 2005 − CBI UPDATE (Thomson Financial News)
- UK April retail sales see sharpest fall since November 2005 (Thomson Financial News)
- United Kingdom Apr CBI Distributive Trades Survey − Retail Sales down to −26 vs 1in mar (FXstreet.com)
UK M4 MONEY SUPPLY
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 29 | 08:30 | M4 Sterling Lending | £17.4B | £16.8B | £17.6B |
| Apr 29 | 08:30 | M4 Money Supply (MoM) | 0.8% | 0.4% | 0.2% |
| Apr 29 | 08:30 | M4 Money Supply (YoY) | 11.9% | 12.4% | 12.3% |
UK M4 money supply growth eases in the year to March (Thomson Financial News)
Money supply growth in the UK eased in the year to March to its slowest rate for nearly two years, figures from the Bank of England showed. In its final release of money supply data for March the central bank confirmed M4, a broad measure of money supply, rose by 0.8 percent month−on−month.
[ Full Story ]- Read the M4 Money data at BoE
- UK M4 money supply rose 0.8% in March; M4 lending eased (FXstreet.com)
- United Kingdom Mar M4 Sterling Lending eases to £17.4B vs £17.6B in feb (FXstreet.com)
- United Kingdom M4 Money Supply rises 11.9% in Mar; it was 12.3% up in Feb (FXstreet.com)
Mid−Day Forex Technical Report − Sterling Rebounds Strongly, Another Steep Fall in Euro by ActionForex.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 29 | 08:30 | UK | M4 Money Supply (MoM) (Mar) | 0.8% | 0.4% | 0.2% |
| 08:30 | UK | M4 Money Supply (YoY) (Mar) | 11.9% | 12.4% | 12.3% |
|
| 08:30 | UK | M4 Sterling Lending (Mar) | £17.4B | £16.8B | £17.6B | |
| 08:30 | UK | Net Consumer Credit (Mar) | 1.2 | 1.1B | 2.3B |
|
| 08:30 | UK | Net Lending to Individuals (Mar) | £8.2 | £9.6B |
||
| 10:00 | UK | CBI Distributive Trades Survey − Realized (MoM) (Apr) | -26 | -3 | 1 | |
| 13:00 | US | S&P/Case−Shiller Home Price Indices (Feb) | -10.7% | |||
| 14:00 | US | Consumer Confidence (Apr) | 62.0 | 64.5 | ||
| 21:00 | US | ABC Consumer Confidence (Apr 27) | -40 | |||
| 22:45 | NZ | Building Permits (MoM) (Mar) | -6.5% | |||