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Forex Blogs
Trading for a living: HD Video review. London Open 09/04/2009 by David Aranzabal
A 100 pips trade before BOE. Today the 1,4770 level in GBP/USD hold once again (three times in the last three days). This is the trading log:
− Price rejected at 1,4770 level and forming a 123 pattern.
− 123 breakout confirmed. First entry opportunity.
Francesc's Weblog: Traders for a Cause: The India Project - Rob Booker by Francesc Riverola
FX Path: Support Break Bearishness by James Chen
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Start: Thu, Apr 9, 12:00 GMT
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Start: Thu, Apr 9, 13:00 GMT
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| Thu, Apr 9, 10:15 GMT | Canada Employment Rate: Navigating the news in real time − Free Access Day | Dustin Pass | WBN |  |
| Thu, Apr 9, 12:00 GMT | FX Instructor Live Trading Room − Free Access Day | Mark De La Paz | WBN | |
| Thu, Apr 9, 13:00 GMT | Tracking the forex market together / Part II − Free Access Day | Dr.S.Sivaraman | WBN | |
| Thu, Apr 9, 15:00 GMT | How to Get Started Trading Forex − Free Access Day | Mark Whistler | WBN | |
Current Session: Europe − U.S.
EURUSD bounced right from support at its 100−day average
ACM − Advanced Currency Markets − EURUSD bounced right from support at its 100−day average and Mar−30 low (1.3115/50) yesterday. Into the holiday weekend, we expect trading volumes to be light and for the market to hold within the wider 1.3150/1.3540 range. Next week, we would be looking for renewed buying interest though a recovery above 1.3540 is needed for more sustainable gains
GBP/USD
Daily Technical Strategist − GBPUSD: Weakening Within Its Rising Channel by FXTechstrategy
GBPUSD: Even though GBP weakened for a third in a row Wednesday, it held above its Tuesday low at 1.4581 and its key support at the 1.4662 level, its Feb 23'09 high suggesting that we may soon see a recovery of its declines triggered at the 1.4959 level, its April 06'09 high.
USD/JPY
Daily Trading Forecast − Low Volatility, Not Much in the Way of Trading Prospects Today by Swiss e Trade AG
After the dollar continued losing ground against the yen in all of Asian trading, there is only a weak recovery move in European morning trading, with the market right now at 99.95.
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
US TRADE BALANCE
| Date (GMT) | Event | Cons. | Previous | |
| Apr 9 | 12:30 | Trade Balance | -$36.70B | -$36.03B |
Friday Notes - Exports and imports both probably fell in February by UniCredit Group
Exports and imports both probably fell in February, although the days of sharp declines in energy costs ended. Be on the lookout for what the numbers tell us about trade in capital goods. That is because the global recession is becoming more than just a consumer goods and commodities phenomenon. Businesses the world over are postponing or abandoning capital expenditures, with the result that international trade is contracting.
[ Full Story ]Top Market Movers Review
UK BOE INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 9 | 11:00 | BoE Interest Rate Decision | 0.5% | 0.5% | 0.5% |
Bank Of England Holds Rates At 0.50% (Dow Jones)
The Bank of England's Monetary Policy Committee Thursday kept its key interest rate at 0.5% and agreed to keep pumping GBP75 billion in new money into the economy after seven straight months of policy action.
[ Full Story ]- Bank of England Maintains Bank Rate at 0.5%
- The Bank of England keeps Bank rate unchanged at 0.5% (FXstreet.com)
- BoE Keeps Bank Rate at 0.5% (FXstreet.com)
Germany INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 9 | 10:00 | Industrial Production s.a. (MoM) | -2.9% | -2.9% | -7.5% |
| Apr 9 | 10:00 | Industrial Production s.a. w.d.a. (YoY) | -20.6% | -21.7% | -19.3% |
DATA SNAP: German Indus Output Slumps 2.9% On Month In Feb (Dow Jones)
The gloom in German industry continued in February, as output in the sector dropped almost 3% from January, and was down about 21%from the year−earlier period.
[ Full Story ]- Read the official data at Federal Ministry of Economics and Technology
- Germany Industrial Production s.a. fell 2.9% in Feb, 20.6% down on year (FXstreet.com)
Friday Notes - A further strong decline in industrial production is expected by UniCredit Group
UK PRODUCER PRICE INDEX − INPUT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 9 | 08:30 | Producer Price Index − Input (YoY) n.s.a | -0.4% | -0.7% | 0.5% |
| Apr 9 | 08:30 | Producer Price Index − Input (MoM) s.a | 1.0% | 0.8% | 0.6% |
| Apr 9 | 08:30 | Producer Price Index − Output (MoM) n.s.a | 0.1% | 0.1% | 0.1% |
| Apr 9 | 08:30 | Producer Price Index − Output (YoY) n.s.a | 2.0% | 2.1% | 3.1% |
DATA SNAP: UK March PPI Posts Weakest Annual Gain Since 2007 (Dow Jones)
U.K. factory gate prices posted their weakest annual increase since 2007 in March following a record drop in petroleum product prices, official data showed Thursday.
[ Full Story ]- Producer prices at National Statistics
- 2nd UPDATE:UK March PPI Posts Weakest Annual Gain Since 2007 (Dow Jones)
- UPDATE: UK March PPI Posts Weakest Annual Gain Since 2007 (Dow Jones)
- United Kingdom Producer Price Index − Input grows 1.0% in Mar; 0.4% down on year (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 9 | 08:30 | UK | Total Trade Balance (Feb) | £-3.2B | -£3.4 | -£3.1B |
| 10:00 | DE | Industrial Production s.a. (MoM) (Feb) | -2.9% | -2.9% | -7.5% | |
| 10:00 | DE | Industrial Production s.a. w.d.a. (YoY) (Feb) | -20.6% | -21.7% | -19.3% | |
| 11:00 | UK | BoE Interest Rate Decision (Apr 9) | 0.5% | 0.5% | 0.5% | |
| 11:00 | CA | Net Change in Employment (Mar) | -61.3 | -50.2K | -82.6K | |
| 11:00 | CA | Unemployment Rate (Mar) | 8.0% | 8.0% | 7.7% | |
| 12:30 | US | Continuing Jobless Claims (Mar 28) | 5805K | 5728K | ||
| 12:30 | US | Import Price Index (MoM) (Mar) | 0.9% | -0.2% | ||
| 12:30 | US | Import Price Index (YoY) (Mar) | -14.6% | -12.8% | ||
| 12:30 | US | Initial Jobless Claims (Apr 4) | 660K | 669K | ||