Monday, Apr 06, 11:08 GMT
U.S. Trading Newsletter
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Forex Blogs
CEO's weblog: Police raid ACM Geneva office in a suspected financial fraud case by Francesc Riverola
Problems in retail Forex firms in Switzerland are piling up. First it was Forex.ch investigation a couple of years ago ended succesfully. Then it came FINMA's investigation on Crown Forex S.A activitites, now it is the turn of the most know Swiss Forex firm, ACM (AC Markets) that received police visit on Friday in the look for probes of a potential fraud.
Trading for a Living: Economic calendar for the week by David Aranzabal
FX Market Readings: EURO and GBP opened high for week beginning by Dr. S. Sivaraman
Find other fellow traders to share your comments and market view in the FOREX FORUM
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Live Sessions Schedule
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Apr 6, 14:00 GMT
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Type of Session: Webinar
Weekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, Apr 6, 16:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Apr 6, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Mon, Apr 6, 16:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN | |
| Tue, Apr 7, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Tue, Apr 7, 12:00 GMT | Navigating News Trading | Dustin Pass | SHW | |
Current Session: Europe − U.S.
Euro trades below 1.3515 support
FXstreet.com − The Euro has lost in European session most of the ground taken during Asian session, and trades below 1.3525 support level, on its way towards 1.3475. In case of decline below 1.3475, next support level could come at 1.3450, and then 1.3415.
USD/JPY
Daily Analysis − The Yen drops sharply as stocks rise and carry trades hit high by Finotec Group Inc.
The Japanese yen declined against the dollar and the euro as stocks rallied on speculation the global financial crisis is easing, damping demand for the currency as a haven. The yen fell against all of the 16 most−actively traded currencies.
GBP/USD
Daily Forex News − Forex − The big story continues to be the improvement in risk sentiment by ACM − Advanced Currency Markets
Bull move consolidates and loses steam after strong move ahead of the weekend. Initial resistance stands at recent high of 1.4951, which allows for a strong key and psychological level at 1.5016 (triple top since beginning of 2009). First support level stands at 1.4880.
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, i-knowindices.com, Mizuho Corporate Bank, MolFX - Management
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
UK INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Cons. | Previous | |
| Apr 7 | 08:30 | Industrial Production (MoM) | -1.1% | -2.6% |
| Apr 7 | 08:30 | Manufacturing Production (MoM) | -1.4% | -2.9% |
| Apr 7 | 08:30 | Manufacturing Production (YoY) | -14.2% | -12.8% |
| Apr 7 | 08:30 | Industrial Production (YoY) | -12.5% | -11.4% |
Friday Notes - UK, Industrial Production, manufacturing activity deep in recession by UniCredit Group
Surveys of manufacturing activity showed so far in Q1 that the pace of output contraction is likely to be similar to the one seen in Q4. Despite the ups and downs over the last few months, the manufacturing PMI was in line with Q4, while the Confederation of British Industries figure hit a new low.
[ Full Story ]Top Market Movers Review
EMU PRODUCER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 6 | 09:00 | Producer Price Index (MoM) | -0.5% | -0.5% | -1.1% |
| Apr 6 | 09:00 | Producer Price Index (YoY) | -1.8% | -1.5% | -0.7% |
DATA SNAP:Euro−Zone PPI Posts Biggest Annual Drop For 10 Yrs (Dow Jones)
Euro−zone industrial producer prices posted their biggest drop in annual terms for almost 10 years in February, adding pressure on the European Central Bank to lower interest rates further in the months ahead, official data showed Monday.
[ Full Story ]- Read the PPI data at Eurostat
- UPDATE: Euro−Zone PPI Posts Biggest Annual Drop In A Decade (Dow Jones)
- EU Feb PPI MoM falls 0.5%, −1.8% YoY (FXstreet.com)
EMU RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 6 | 09:00 | Retail Sales (YoY) | -4.0% | -2.5% | -1.7% |
| Apr 6 | 09:00 | Retail Sales (MoM) | -0.6% | -0.3% | 0.1% |
DATA SNAP: Euro Zone Posts Steepest Annual Retail Sales Drop (Dow Jones)
Retail sales in the 16 countries that use the euro slumped in February, with the year−on−year slide the largest since records began in January 2000 as further job cuts made consumers more wary of spending, data showed Monday.
[ Full Story ]- Read the Retail Sales data at Eurostat
- EU Feb Retail Sales down 0.6% vs 0.1% (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 6 | 05:00 | JP | Leading Economic Index (Feb)  | 75.2 | 75.3 | 77.2 |
| 08:30 | EMU | Sentix Investor Confidence | -35.3 | -40.7 | -42.7 | |
| 09:00 | EMU | Producer Price Index (MoM) (Feb) | -0.5% | -0.5% | -1.1% |
|
| 09:00 | EMU | Producer Price Index (YoY) (Feb) | -1.8% | -1.5% | -0.7% |
|
| 09:00 | EMU | Retail Sales (MoM) (Feb) | -0.6% | -0.3% | 0.1% | |
| 09:00 | EMU | Retail Sales (YoY) (Feb) | -4.0% | -2.5% | -1.7% |
|
| 12:30 | CA | Building Permits (MoM) | -3.6% | -3.9% | ||
| 14:00 | CA | Ivey Purchasing Managers Index | 46.7 | 45.2 | ||
| 22:00 | NZ | NZIER Business Confidence | -64 | |||
| Apr 7 | 03:30 | JP | BoJ Interest Rate Decision (Apr 7) | 0.1% | 0.1% | |