Tuesday, Apr 21, 11:30 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
Trading for a living: Some pips today after yesterday's fireworks in Cable by David Aranzabal
Yesterday we got an amazing move in Cable, just from the very beginning of the European Opening. Unfortunately yesterday I was not in the screen at that moment because of my schedule at FxForaliving but the entry was very clear for all of you that are following me. I may review the session as educational proposal because it deserves an article.
The Trader's Edge: EUR/AUD Wave Pattern by Ross Yamashita
CEO's weblog: James Chen first confirmed speaker of the International Traders Conference (ITC 2009)
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Live Sessions Schedule
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, Apr 21, 14:00 GMT
Type of Session: Webinar
Trading with Autochartist
Expert: Raghee Horner
Start: Tue, Apr 21, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Apr 21, 14:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN |  |
| Tue, Apr 21, 15:00 GMT | Trading with Autochartist | Raghee Horner | WBN | |
| Tue, Apr 21, 16:00 GMT | Identifying the weekly fundamental trend of EURUSD  | Javier Paz | WBN | |
| Tue, Apr 21, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN |  |
Current Session: Europe − U.S.
EUR/USD: Euro rally could not break 1.3000 level
FXstreet.com − Euro upward reaction from 1.2900 could reach past 1.2950 previous intra−day high but was rejected at 1.2900, and the pair has returned to the range between 1.2900 and 1.2960.
The Euro might find support now at 1.2950/40 area to try another assault to 1.300; in case of falling below here, 1.2900 and 1.2835 (Mar 16 low) could be next support levels.
GBP/USD
Forex: GBP/USD: Pound picks up from three−weeks low at 1.4465 by FXstreet.com
The Pound fell on Monday from 1.4785 opening price to a three weeks low at 1.4465 reached on early Asian session on Tuesday, afterwards the Sterling has managed to climb to 1.4575 intra−day high.
USD/JPY
USD/JPY: Sideways market today, between the 98.30 and 97.80 levels by Swiss e Trade AG
After some recovery of the dollar against the yen in Asian trading, the early European market is very quiet and currently trading at 98.10. We expect a sideways market today, between the 98.30 and 97.80 levels.
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
Canada BOC INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Apr 21 | 13:00 | BoC Interest Rate Decision | 0.5% | 0.5% |
Forex: USD/CAD trades below 1.2400, focusing on BoC decision (FXstreet.com)
After rising 2.6% yesterday session, USD/CAD is trading in a small range between 1.2360 and 1.2410 today's session. Currently, the pair is falling around 0.23% so far today from the opening price at 1.2404.
[ Full Story ]USDCAD closed above the open by Precise Trader
Top Market Movers Review
Germany ZEW SURVEY − ECONOMIC SENTIMENT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 21 | 09:00 | ZEW Survey − Economic Sentiment | 13.0 | 2.3 | -3.5 |
UPDATE: German Apr ZEW Econ Expectations 13.0 Vs −3.5 Mar (Dow Jones)
German economic sentiment rose much more than expected in April, with financial experts hopeful that the economic slump is finding a bottom, survey data from the ZEW economic think−tank showed Tuesday.
[ Full Story ]- Read the Economic Sentiment data at ZEW
- Forex: EUR/USD breaks above 1.2950 after better than expectec ZEW survey (FXstreet.com)
- DATA SNAP: German Apr ZEW Econ Expectations 13.0 Vs −3.5 Mar (Dow Jones)
- German ZEW survey beats expectations in April; Pound and Euro break day tops (FXstreet.com)
EMU economic indicators - German ZEW economic sentiment (April): slight improvement by BHF−Bank
UK CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 21 | 08:30 | Retail Price Index (MoM) | 0.0% | -0.4% | 0.6% |
| Apr 21 | 08:30 | Consumer Price Index (YoY) | 2.9% | 2.7% | 3.2% |
| Apr 21 | 08:30 | Core Consumer Price Index (YoY) | 1.7% | 1.6% | 1.6% |
| Apr 21 | 08:30 | Consumer Price Index (MoM) | 0.2% | 0.1% | 0.9% |
| Apr 21 | 08:30 | Retail Price Index (YoY) | -0.4% | -0.5% | 0.0% |
DATA SNAP: UK RPI Turns Negative For First Time Since 1960 (Dow Jones)
U.K. retail prices fell on the year for the first time in nearly 50 years in March, while consumer price inflation continued to show more resilience than had been expected.
[ Full Story ]- Read the CPI data at UK Statistics
- UK RPI drops 0.4% YoY in March; first annual drop since 1960 (FXstreet.com)
- UK Mar RPI YoY declines a 0.4%, first fall in the last 49 years (FXstreet.com)
- UK Mar MoM CPI rises 0.2%, +2.9% YoY (FXstreet.com)
Friday Notes - UK, CPI: Inflation to resume downward trend by UniCredit Group
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 21 | 08:30 | UK | Consumer Price Index (MoM) (Mar) | 0.2% | 0.1% | 0.9% |
| 08:30 | UK | Consumer Price Index (YoY) (Mar) | 2.9% | 2.7% | 3.2% | |
| 08:30 | UK | Core Consumer Price Index (YoY) (Mar) | 1.7% | 1.6% | 1.6% | |
| 08:30 | UK | Retail Price Index (MoM) (Mar) | 0.0% | -0.4% | 0.6% | |
| 08:30 | UK | Retail Price Index (YoY) (Mar) | -0.4% | -0.5% | 0.0% | |
| 09:00 | DE | ZEW Survey − Economic Sentiment (Apr) | 13.0 | 2.3 | -3.5 | |
| 12:30 | CA | Wholesale Sales (MoM) (Feb) | 1.1% | -4.2% | ||
| 13:00 | CA | BoC Interest Rate Decision | 0.5% | 0.5% | ||
| 14:00 | US | Treasury's Geithner Speech | ||||
| 21:00 | US | ABC/Washington Post Consumer Confidence (Apr 19) | -51 | |||