Monday, Apr 20, 11:28 GMT
U.S. Trading Newsletter
To Get Started
- Webinar Videos: How To Identify And Trade A Wide Range by Steve Misic
- All the events of the day in our Economic Calendar
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Forex Blogs
CEO's weblog: Swiss FX Company MIG Investments Sponsors the Brawn GP F1 Team by Francesc Riverola
Neuchâtel−based online broker, M I G Investments, announces its official Team Partner contract with Brawn GP, winner of the first two Grand Prix races of the 2009 season and current leader of the Formula One World Championship. The 3−year partnership agreement comes into effect this weekend at the Chinese Grand Prix in Shanghai.
1st on Forex: The Week Ahead – C*ap and Trade! by Jerry Furst
Forexology: Elliot waves and Harmonic patterns by Sunil Mangwani
Find other fellow traders to share your comments and market view in the FOREX FORUM
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Live Sessions Schedule
Using Fibonacci ratios to manage your trades efficiently
Expert: Sunil Mangwani
Start: Mon, Apr 20, 12:00 GMT
Sponsored by: 
Type of Session: Webinar
Forex Point & Figure Trading
Expert: James Chen
Start: Mon, Apr 20, 13:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Apr 20, 11:00 GMT | Get Organized: Use A Daily Forex Checklist  | Steve Misic | WBN |  |
| Mon, Apr 20, 12:00 GMT | Using Fibonacci ratios to manage your trades efficiently | Sunil Mangwani | WBN | |
| Mon, Apr 20, 13:00 GMT | Forex Point & Figure Trading | James Chen | WBN | |
| Mon, Apr 20, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN |  |
Current Session: Europe − U.S.
EurUsd Continued broad bearish breaks 1.3000 level
ACM − Advanced Currency Markets − EurUsd Continued broad bearish breaks 1.3000 level and dropping as low as 1.2967 with as we test previous 1.2988 support again. Initial resistance stands at 1.2967 (new low and 61.80% retracement on 1.2461 – 1.3770 rally). Mid to long−term focus is now on 1.2517 with loose supports at 1.2785. On the upside, initial resistance stands at 1.3068, however previous key level at 1.3117 – with 1.3180 as strong pivot, any significant push past this level would signal a momentary turn in direction.
GBP/USD
Daily Trading Forecast − British Pound and the BoE by Swiss e Trade AG
Cable rapidly lost further ground in this European morning, continuing its downward correction against the dollar. Currently trading at 1.4575, we expect a consolidation to set in, in a trading range between approximately 1.4500 and 1.4700.
USD/JPY
USD/JPY has tried to break above 99.00 resistance level by FXstreet.com
USD/JPY has tried to break above 99.00 resistance level, although it has failed and, rejection from 99.10 has taken the pair down to a fresh intra−day low at 98.50. The pair remains right above the mentioned level at the minute.
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 LEADING INDICATORS
| Date (GMT) | Event | Cons. | Previous | |
| Apr 20 | 14:00 | Leading Indicators (MoM) | -0.2% | -0.4% |
Friday Notes - Leading Indicators: The index is not yet signalling recovery by UniCredit Group
Several components for March have been reported, and the results were mixed. Hours worked fell. The stock market rally during the month did not quite reverse the drop in February, but it did boost consumer sentiment.
[ Full Story ]Top Market Movers Review
Australia PRODUCER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 20 | 01:30 | Producer Price Index (YoY) | 4.0% | 4.9% | 6.4% |
| Apr 20 | 01:30 | Producer Price Index (QoQ) | -0.4% | 0.6% | 1.3% |
Asia Market Update - Australia Q1 PPI Unexpectedly Contracts to Multi−Year Lows by TradeTheNews.com
Light economic calendar saw data limited to Australia's Q1 PPI which came in at −0.4% Q/Q v +0.6% expected, surprisingly registering the first negative print for the first time since Q2 of 2003.
[ Full Story ]- Read the PPI data at Australian Bureau of Statistics
- Australian 1Q Final PPI −0.4% Vs 4Q, +4.0% On Yr (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 19 | 23:01 | UK | Rightmove House Price Index (MoM) (Apr) | 1.8% | 0.9% | |
| Apr 20 | 01:30 | AU | Producer Price Index (QoQ) (1Q) | -0.4% | 0.6% | 1.3% |
| 01:30 | AU | Producer Price Index (YoY) (1Q) | 4.0% | 4.9% | 6.4% | |
| 05:00 | JP | Coincident Index (Feb) | 86.0% | 86.0% | 89.6% | |
| 05:00 | JP | Leading Economic Index (Feb) | 75.2 | 75.2 | 77.2 | |
| 06:00 | JP | BoJ's Governor Shirakawa Speech | ||||
| 12:30 | CA | Canadian Investment in Foreign Securities (Feb) | $4.18B | |||
| 12:30 | CA | Foreign investment in Canadian securities (Feb) | $10.43B | |||
| 14:00 | US | Leading Indicators (MoM) (Mar) | -0.2% | -0.4% | ||
| 22:45 | NZ | Visitor Arrivals (Mar) | 2.9% | |||