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Forex Blogs
Forex Trading Today: EUR/USD and GBP/JPY find Risk−Averse Sentiment with Dollar and Yen Strength by Tim Salem
Greetings Everyone for another Update! Our Paradigm Shift arrives on an IntraDay basis with Risk Aversion entering back into the Markets, and is being used as a "Catalyst" for Price Behavior with a stronger Dollar and Yen moving forward. We willl use the Euro and Pound Yen to illustrate this Movement quite nicely, so here are the Captures.
Trading for a Living: Very fast 40 pips at the Frankfurt opening by David Aranzabal
The Trader's Edge: Will the USD/CAD continue to rise? by Ross Yamashita
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Live Sessions Schedule
US Session Open
Expert: Ed Ponsi
Start: Fri, Apr 17, 13:30 GMT
Type of Session: Webinar
Main Fundamental theme in the Currency market
Expert: Terri Belkas
Start: Fri, Apr 17, 15:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Apr 17, 11:00 GMT | Trend Trading with Breakouts | Sam Seiden | WBN |  |
| Fri, Apr 17, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN | |
| Fri, Apr 17, 13:00 GMT | FX Market Pulse | Raghee Horner | WBN | |
| Fri, Apr 17, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
Current Session: Europe − U.S.
Asian stocks advance; Euro falls on Trichet comments
FXstreet.com − Asian stocks are rising as earning reports have boosted confidence the world recession is easing and markets are continuing yesterday's Wall street increases. Trichet comment's in Tokyo that ECB must do everything to restore corporate confidence and asking for more rate cuts are pushing pressure to the Euro. EUR/USD is below 1.3100, EURGBP has fallen close 0.8800 and EUR/JPY has tested the 130.00 key level.
AUD/USD
GBP/USD falls 0.80% today to tests 1.4800 level by CMS Forex
GBP/USD has fallen 0.80% from today's opening price at 1.4929, to break 1.4850 support and test 1.4800 level. Currently the pair is trading around 1.4840/50.
USD/JPY
Currency Majors Technical Perspective by FXstreet.com Independent Analyst Team
Pair managed to move higher and break above the congestion zone around 99.30/40 that had been holding the upside in the pair past two days.
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 REUTERS/MICHIGAN CONSUMER SENTIMENT INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Apr 17 | 14:00 | Reuters/Michigan Consumer Sentiment Index | 58.5 | 57.3 |
US economic indicators - UMI consumer sent (Apr): unlikely to have risen again due to rapid increase in unemployment by BHF−Bank
In March, consumer sentiment rose by one point to 57.3, but as the US lost more than 2 millions jobs in Q1, consumer sentiment is unlikely to improve again in April. In addition, the latest weekly ABC consumer comfort index fell back somewhat. We thus forecast that UMI's consumer sentiment will stagnate in April.
[ Full Story ]Top Market Movers Review
Canada CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 17 | 11:00 | Consumer Price Index (YoY) | 1.2% | 1.4% | 1.4% |
| Apr 17 | 11:00 | Bank of Canada Consumer Price Index Core (YoY) | 2.0% | 1.9% | 1.9% |
| Apr 17 | 11:00 | Bank of Canada Consumer Price Index Core (MoM) | 0.3% | 0.2% | 0.5% |
| Apr 17 | 11:00 | Consumer Price Index (MoM) | 0.2% | 0.3% | 0.7% |
Forex: USD/CAD losts its initials gains; falls below 1.2100 afer CPI data (FXstreet.com)
After falling around 65 pips from 1.2146 to 1.2083 last week, the USD/CAD has lost its initials profits to rise just 0.02% from today's opening price at 1.2082. Canadian CPI rise 0.2% between February and March, less tan 0.7% posted in last month. Year over year, Canadian inflation decrease to 1.2% in March from 1.4% in February.
[ Full Story ]- Read the CPI data at Statistics Canada
- Canada Mar CPI (MoM) rises 0.2%, +1.2% YoY (FXstreet.com)
Live Daily Broadcast - Today's Live Show: Focusing on the USD/CAD Ahead of CPI and BoC Announcement by AllThingsForex
EMU TRADE BALANCE N.S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 17 | 09:00 | Trade Balance s.a. | -€4.0B | -€3.5B | -€5.4B |
| Apr 17 | 09:00 | Trade Balance n.s.a. | -€12.8B | -€5.0B | -€10.9B |
DATA SNAP: Euro−Zone Feb Trade Deficit Smaller Than Expected (Dow Jones)
The euro zone's goods trade deficit narrowed more than expected in February, but recessions at home and abroad dragged exports down to their weakest level for three years and imports to their lowest level since mid−2005, official data showed Friday.
[ Full Story ]- Read the Trade Balance data at Eurostat
- EU Trade deficit s.a. goes to €4B in Feb from €5.4B (FXstreet.com)
EMU economic indicators - Trade balance: Probably improved by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 17 | 09:00 | TR | TCMB Interest Rate Decision | 9.75% | 10.50% | |
| 09:00 | EMU | Trade Balance s.a. (Feb) | €-4.0B | -€3.5B | -€5.4B |
|
| 11:00 | CA | Bank of Canada Consumer Price Index Core (MoM) (Mar) | 0.3% | 0.2% | 0.5% | |
| 11:00 | CA | Bank of Canada Consumer Price Index Core (YoY) (Mar) | 2.0% | 1.9% | 1.9% | |
| 11:00 | CA | Consumer Price Index (MoM) (Mar) | 0.2% | 0.3% | 0.7% | |
| 11:00 | CA | Consumer Price Index (YoY) (Mar) | 1.2% | 1.4% | 1.4% | |
| 14:00 | US | Reuters/Michigan Consumer Sentiment Index (Apr)  | 58.5 | 57.3 | ||
| 16:30 | US | Fed's Bernanke Speech | ||||
| Apr 19 | 23:01 | UK | Rightmove House Price Index (MoM) (Apr) | 0.9% | ||
| 23:01 | UK | Rightmove House Price Index (YoY) (Apr) | -9% | |||