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Forex Blogs
Trading for a living: HD Video review. London Open 07/04/2009 by David Aranzabal
100 pips profit in the European opening. Today the London opening gave us very nice profiting opportunities in EUR/USD, Lets see the report:
− MACD divergence in 60m
− Price making topping formation and MACD divergence in 5 min at London Open
Forex Trading Today: AUD/USD and USD/JPY Look Slightly to the Downside after Central Banks by Tim Salem
FX Market Readings: Expected moves for today by Dr. S. Sivaraman
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Live Sessions Schedule
Navigating News Trading
Expert: Dustin Pass
Start: Tue, Apr 7, 12:00 GMT
Type of Session: Showroom
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, Apr 7, 14:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| 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 | |
| Tue, Apr 7, 13:00 GMT | Technical Trading Strategist in the short and longer term | Valeria Bednarik | WBN |  |
| Tue, Apr 7, 14:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
Current Session: Europe − U.S.
Forex: EUR/USD: Euro downward reaction reaches below 1.3285
FXstreet.com.com − Downward reaction from 1.3385 resistance level extend below 1.3285 after Euro Zone's GDP figures were released, and the Euro reaches levels close to next support level at 1.3250.
Below 1.3250 support level, the next support could come at 1.3220 and 1.3190 intra−day levels in case of further downside advance, 1.3165 (Apr 1 low) could come on sight.
On the upside, resistance levels come at 1.3320/25 and 1.3350, once above here, the Euro could attempt a test to intra−day high at 1.4005.
GBP/USD
Forex: GBP/USD: Pound drops from 1.4710, reaches 1.4635 level by FXTechstrategy
GBPUSD: Failing Ahead Of The 1.4981/86 Zone−An attempt on the upside following the pair's strength activated at the 1.4110 level, its Mar 30'09 low failed Monday ahead of its key resistance zone seen at its Jan 16'09/Feb 09'09 highs at 1.4981/86.
USD/JPY
Daily Analysis − The Dollar falls against the Yen as stocks slide and demand flutters for higher by Finotec Group Inc.
The yen climbed from a five−month low against the dollar and the euro as stocks declined in Asia, damping demand for higher−yielding assets.
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
Germany FACTORY ORDERS S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Apr 8 | 10:00 | Factory Orders n.s.a. (YoY) | -36.5% | -37.9% |
| Apr 8 | 10:00 | Factory Orders s.a. (MoM) | -2.8% | -8.0% |
Friday Notes - Germany new orders: Unprecedented slump in demand by UniCredit Group
Manufacturing companies' assessment of the order situation has stabilized recently, albeit at a still very depressed level. For that reason, we still do not expect a direct recovery following the five very strong declines in the preceding months.
[ Full Story ]Top Market Movers Review
EMU GROSS DOMESTIC PRODUCT S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 7 | 09:00 | Gross Domestic Product s.a. (YoY) | -1.5% | -1.3% | 0.6% |
| Apr 7 | 09:00 | Gross Domestic Product s.a. (QoQ) | -1.6% | -1.5% | -0.2% |
DATA SNAP: Record Euro−Zone 4Q GDP Drop Bigger Than Expected (Dow Jones)
The record contraction in the euro−zone economy in the fourth quarter was even sharper than initially estimated, fueling fears that it will take longer for the currency block to recover from recession, final official data showed Tuesday.
[ Full Story ]- European markets turn into losses on negative GDP data; Euro tumbles (FXstreet.com)
- UPDATE: Record Euro−Zone 4Q GDP Drop Sharper Than Expected (Dow Jones)
- Forex: EUR/USD: Euro tumbles after negative GDP figures (FXstreet.com)
EMU economic indicators - GDP: No revision expected by BHF−Bank
UK INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 7 | 08:30 | Industrial Production (MoM) | -1.0% | -1.1% | -2.7% |
| Apr 7 | 08:30 | Manufacturing Production (MoM) | -0.9% | -1.4% | -3.0% |
| Apr 7 | 08:30 | Manufacturing Production (YoY) | -13.8% | -14.2% | -12.9% |
| Apr 7 | 08:30 | Industrial Production (YoY) | -12.5% | -12.5% | -11.6% |
DATA SNAP: UK Mfg Output Sinks For 12th Straight Mo In Feb (Dow Jones)
U.K. manufacturing output declined for the 12th straight month in February, while the quarterly measure recorded its steepest drop since records began in 1968, the Office of National Statistics said Tuesday.
[ Full Story ]- UPDATE: UK Mfg Output Sinks For 12th Mo, Pace Of Drop Slows (Dow Jones)
- UK Feb Industrial Production down 1%, −12.5% YoY (FXstreet.com)
- UK Feb Manufacturing Production falls 0.9%, a bit less than expected; −13.8% YoY (FXstreet.com)
Friday Notes - UK, Industrial Production, manufacturing activity deep in recession by UniCredit Group
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 7 | 08:30 | UK | Industrial Production (MoM) (Feb) | -1.0% | -1.1% | -2.7% |
| 08:30 | UK | Industrial Production (YoY) (Feb) | -12.5% | -12.5% | -11.6% |
|
| 08:30 | UK | Manufacturing Production (MoM) (Feb) | -0.9% | -1.4% | -3.0% |
|
| 08:30 | UK | Manufacturing Production (YoY) (Feb) | -13.8% | -14.2% | -12.9% |
|
| 09:00 | EMU | Gross Domestic Product s.a. (QoQ) (4Q) | -1.6% | -1.5% | -0.2% | |
| 09:00 | EMU | Gross Domestic Product s.a. (YoY) (4Q) | -1.5% | -1.3% | 0.6% | |
| 19:00 | US | Consumer Credit (Feb) | -$2.5 | $1.8B | ||
| 21:00 | US | ABC/Washington Post Consumer Confidence (Apr 5) | -49 | -49 | ||
| 23:01 | UK | Nationwide Consumer Confidence (Mar) | 45 | 43 | ||
| 23:01 | UK | NIESR GDP Estimate (Mar) | -1.7% | |||