Monday, Apr 27, 11:19 GMT
U.S. Trading Newsletter
To Get Started
- Learning Center: New Contents has been released! Chapter 3 of Unit A - Understand the Mechanics. Read it now!
- 3 seats available for Rob Booker's special webinar series for a charitable cause on April 30 and May 1. Learn how to get one!
- Webinar Videos: Identifying the weekly fundamental trend of EUR/USD by Javier Paz
- All the events of the day in our Economic Calendar
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Forex Blogs
Trading for a living: Fast scalp at the European opening by David Aranzabal
Today we got a nice scalp at the European opening: (GBP /USD)
− MACD divergence in 60m on the upside move.
− 60m. ascending trendline Broken.
− 60m. swing low Breakout at the Frankfurt Open. (first short entry)
CEO's Weblog: The New York Times - 36 Hours in Barcelona by Francesc Riverola
FX Market Readings: last week of the month - expected moves by Dr. S. Sivaraman
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Live Sessions Schedule
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Apr 27, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
Weekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, Apr 27, 16:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Apr 27, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Mon, Apr 27, 15:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets  | Mark Whistler | WBN |  |
| Mon, Apr 27, 16:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN | |
| Tue, Apr 28, 11:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN |  |
Current Session: Europe − U.S.
Consolidating fairly neatly around 1.4600
Mizuho Corporate Bank − Consolidating fairly neatly around 1.4600, despite some sharp intra−day moves, and above the top of the Ichimoku ‘cloud'. Expect more of the same this week noting that Sterling is no longer overbought and momentum remains bullish so that longer term we continue to feel Cable should trade higher. What it needs is a little help from rallies in other major currencies and a weekly close above 1.5000.
EUR/USD
Daily Forex News − Forex − Swine Flu Kills Risk Appetite by ACM − Advanced Currency Markets
With risk aversion dominating trading and failure to hold above 21d MA ( 1.3202) we expect another test of 1.2980 then 1.2880 support. Bear channel resistance at 1.3270 will cap any upwards move.
USD/JPY
Daily Trading Forecast − Dollar is priced right now at 96.55 against the Yen by Swiss e Trade AG
Trading lower in Asian and morning European hours, the Dollar is priced right now at 96.55 against the Yen, on a longer term support. We do not see much more downside risk in today`s market hours.
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
Germany CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Apr 28 | 06:00 | Consumer Price Index (YoY) | 0.8% | 0.5% |
| Apr 28 | 06:00 | Consumer Price Index (MoM) | 0.1% | -0.1% |
Friday Notes - Germany CPI: Strong disinflation process by UniCredit Group
The oil price recently recovered on increasing glimmers of hope for the global economy. Apart from gas prices, energy prices, therefore, should have risen in April, (temporarily) stalling the downward trend in headline inflation.
[ Full Story ]Top Market Movers Review
UK BBA MORTGAGE APPROVALS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 27 | 08:30 | BBA Mortgage Approvals | 26.1K | 29.2K | 28.0K |
DATA SNAP: BBA: UK Mtge Lending, Approvals Weaken In March (Dow Jones)
U.K. mortgage lending and approvals weakened in March as the deepening recession weighed on confidence in the beleaguered housing market, data released by the British Bankers' Association showed Monday.
[ Full Story ]- 2nd UPDATE: BBA: UK Mtge Lending, Approvals Weaken In March (Dow Jones)
- UPDATE: BBA: UK Mortgage Lending, Approvals Weaken In March (Dow Jones)
- United Kingdom Mar BBA Mortgage Approvals down to 26.1K (FXstreet.com)
Germany GFK CONSUMER CONFIDENCE SURVEY
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 27 | 06:00 | Gfk Consumer Confidence Survey | 2.5 | 2.3 | 2.5 |
UPDATE: German Consumer Sentiment Weathers Bad News (Dow Jones)
German market research group GfK's forward−looking consumer climate index remained stable at 2.5 points for May, as consumers turn more optimistic about the economy and own finances.
[ Full Story ]- Read the Consumer Confidence survey at Gfk [text in German]
- 2nd UPDATE: German Consumer Mood Stable, Econ Impact Limited (Dow Jones)
- Germany May Gfk Consumer Confidence Survey stays at 2.5 (FXstreet.com)
- German GfK May Consumer Sentiment 2.5 Vs 2.5 In April (Dow Jones)
Friday Notes - Germany GFK: Consumer confidence remains muted by UniCredit Group
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 26 | 00:00 | IMF Meeting | ||||
| Apr 27 | 06:00 | DE | Gfk Consumer Confidence Survey (May) | 2.5 | 2.3 | 2.5 |
| 06:00 | DE | Import Price Index (MoM) (Mar) | -0.4% | -0.1% | -0.1% | |
| 06:00 | DE | Import Price Index (YoY) (Mar) | -7.1% | -6.5% | -5.4% | |
| 08:30 | UK | BBA Mortgage Approvals | 26.1K | 29.2K | 28.0K |
|
| 16:45 | EMU | ECB Trichet's Speech | ||||
| 23:50 | JP | Large Retailer's Sales (Mar) | -7.8% | -8.1% |
||
| 23:50 | JP | Retail Trade (YoY) (Mar) | -4.9% | -5.7% |
||
| 23:50 | JP | Retail Trade s.a (MoM) (Mar) | -0.4% | -0.2% |
||
| Apr 28 | 00:00 | JP | BoJ Monetary Policy Meeting | |||