Wednesday, Apr 22, 11:19 GMT
U.S. Trading Newsletter
To Get Started
- Webinar Videos: My favorite technical indicators to trade Forex by Valeria Bednarik
- All the events of the day in our Economic Calendar
Note that our messages might be blocked by anti-spam filters so please add newsletter@fxstreet.com or our domain (fxstreet.com) to your address book.
Forex Blogs
Trading for a living: US Dollar: Bearish Markets Fuel Gains by David Aranzabal
Global equities took a severe pounding in today's trading. For the U.S., concerns over another wave of banking crises seem to take hold of investor's sense of fear and uncertainty. The Dow was sent down more than 3.0%, while crude prices plummeted nearly 9.0% on the day.
CEO's Weblog: Valeria Bednarik 2nd confirmed speaker of the International Traders Conference (ITC 2009) by Francesc Riverola
FX Market Readings: Volatile moves and rise by Dr. S. Sivaraman
Find other fellow traders to share your comments and market view in the FOREX FORUM
Sponsored by 
Live Sessions Schedule
Trading with the ATR & Bollinger Bands
Expert: Adam Rosen
Start: Wed, Apr 22, 12:00 GMT
Type of Session: Webinar
Main Fundamental theme in the Currency Market
Expert: John Kicklighter
Start: Wed, Apr 22, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Apr 22, 12:00 GMT | Trading with the ATR & Bollinger Bands | Adam Rosen | WBN |  |
| Wed, Apr 22, 13:00 GMT | Main Fundamental theme in the Currency Market | John Kicklighter | WBN | |
| Wed, Apr 22, 14:00 GMT | Economic and Technical View of the Currency Market | Rob Booker | WBN | |
| Wed, Apr 22, 15:00 GMT | Position trading  | Lea Peters | WBN | |
Current Session: Europe − U.S.
GBP/USD: Pound reaches above 1.4600 again; bias remains bearish
FXstreet.com − The Pound seems to have managed to pull itself together and take back the ground lost after negative Unemployment and PSNB data, bouncing from 1.4520 low, the pound reaches levels right above 1.4605 previous intra−day low at the time of writing.
On the upside, the Pound could find resistance at 1.4700 (Intra−day high) and above there, probably 1.4755 (Apr 17 low) and 1.4815 (Apr 20 high). In case of diving back below 1.4605/00 again, next support could be at 1.4520 intra−day low, and below there 1.4465 (Apr 21 low)
EUR/USD
Daily Trading Forecast − USD Index Still Leading by Swiss e Trade AG
Currently hovering over the 1.2900 support zone, the pair is on a slight recovery move, now priced at 1.2930 in early European trading.
USD/JPY
Daily Forex News − Forex − Temporary Rebound in Sentiment Fades Quickly by ACM − Advanced Currency Markets
Predictions of fthe buying of oreign security investment trust (scheduled for March 24th) to be the demise of Yen streght are over done. Momentum warnings point to faltering rally and the risk of a test of trendline support near 97.20.
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
EMU PURCHASING MANAGER INDEX MANUFACTURING
| Date (GMT) | Event | Cons. | Previous | |
| Apr 23 | 08:00 | Purchasing Manager Index Services | 41.3 | 40.9 |
| Apr 23 | 08:00 | Purchasing Manager Index Manufacturing | 35.4 | 33.9 |
EMU economic indicators - PMI manufacturing indices Germany and EMU (April): stable at least by BHF−Bank
For similar reasons, Belgian and French business confidence and the Purchasing Managers' Indices for the German and EMU manufacturing sector are likely to have at least remained stable in April.
[ Full Story ]Top Market Movers Review
UK PUBLIC SECTOR NET BORROWING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 22 | 08:30 | Public Sector Net Borrowing | £19.1B | £15.6B | £9.0B |
| Apr 22 | 08:30 | M4 Money Supply (MoM) | 0.0% | 1.2% | 1.5% |
| Apr 22 | 08:30 | M4 Money Supply (YoY) | 17.6% | 19.2% | 18.6% |
DATA SNAP: UK Mar PSNB Hits Record GBP19.1B, Full Yr GBP90B (Dow Jones)
The U.K. public sector borrowed a record net GBP19.1 billion in March as tax revenues continued to dive, the Office for National Statistics said Wednesday.
[ Full Story ]- Read the PSNB data at UK Statistics
- 2nd UPDATE: UK Mar PSNB Hits Record GBP19.1B, Full Yr GBP90B (Dow Jones)
- UPDATE: UK Mar PSNB Hits Record GBP19.1B, Full Yr GBP90B (Dow Jones)
- Forex: GBPUSD drops to 1.4520 after UK unemployment and PSNB data (FXstreet.com)
UK JOBLESS CLAIMS CHANGE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 22 | 08:30 | Jobless Claims Change | 73.7K | 118.0K | 136.6K |
| Apr 22 | 08:30 | Claimant Count Rate | 4.5% | 4.6% | 4.3% |
| Apr 22 | 08:30 | ILO Unemployment Rate (3M) | 6.7% | 6.7% | 6.5% |
DATA SNAP: UK Unemployment Up For 13th Mo, Hits 12−Yr High (Dow Jones)
The number of people claiming jobless benefits in the U.K. rose less than expected in March, but still hit its highest level for nearly 12 years, official data showed Wednesday.
[ Full Story ]- Read the Employment data at UK Statistics
- 2nd UPDATE: UK Unemployment Up For 13th Mo, Hits 12−Yr High (Dow Jones)
- Forex: GBPUSD drops to 1.4520 after UK unemployment and PSNB data (FXstreet.com)
- UK Mar Jobless Claims rise by 73.7K vs 138.4K (FXstreet.com)
UK: Preview of UK budget MPC minutes and GDP by Easy Forex
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 22 | 08:30 | UK | Bank of England Minutes | |||
| 08:30 | UK | Claimant Count Rate (Mar) | 4.5% | 4.6% | 4.3% | |
| 08:30 | UK | ILO Unemployment Rate (3M) (Feb) | 6.7% | 6.7% | 6.5% | |
| 08:30 | UK | Jobless Claims Change (Mar) | 73.7K | 118.0K | 136.6K |
|
| 08:30 | UK | M4 Money Supply (YoY) (Mar)  | 17.6% | 19.2% | 18.6% |
|
| 11:00 | US | MBA Mortgage Applications (Apr 17) | 5.3% | -11.0% | ||
| 12:30 | CA | Leading Indicators (MoM) (Mar) | -0.7% | -1.1% | ||
| 14:00 | US | Housing Price Index (MoM) (Feb) | -0.7% | 1.7% | ||
| 14:30 | US | EIA Crude Oil Stocks change | 2.3M | 5.6M | ||
| Apr 23 | 01:30 | AU | New Motor Vehicle Sales (MoM) (Mar) | -3.5% | ||