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Harlow Faggots!!!

Hahaha!!! Leeched this from forexnewspaper.blogspot.com :P Hahaha!!!

Enjoy!!!

Regards,
Ash Ariffin


[Part 1 of 3]



[Part 2 of 3]



[Part 3 of 3]

Global Evetns Calendar [14-04-2008] - [18-04-2008]

*Time displayed for the Global Events Calendar is based on Singapore Time (GMT+8:00)
**[Forexnewspaper.blogspot.com] is not responsible over the accuracy of information.

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Global Events Calendar [14-04-2008] - [18-04-2008]
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Monday [14-04-2008]
7:50am---JPY Monetary Policy Meeting Minutes
4:30pm---GBP PPI Input m/m
4:30pm---GBP PPI Output m/m
5:00pm---EUR Industrial Production m/m
8:30pm---USD Core Retail Sales m/m
8:30pm---USD Retail Sales m/m
10:00pm--USD Business Inventories m/m

Tuesday [15-04-2008]
3:15am---USD Fed Governor Warsh Speaks
5:30am---EUR ECB President Trichet Speaks
7:01am---GBP RICS House Price Balance
7:01am---GBP BRC Retail Sales Monitor y/y
2:45pm---EUR French CPI m/m
4:30pm---GBP CPI y/y
4:30pm---GBP Core CPI y/y
4:30pm---GBP DCLG House Price Index y/y
4:30pm---GBP RPI y/y
5:00pm---EUR German ZEW Economic Sentiment
5:00pm---EUR ZEW Economic Sentiment
8:30pm---USD Empire State Business Conditions Index
8:30pm---USD PPI m/m
8:30pm---USD Core PPI m/m
9:00pm---USD TIC Net Long-Term Transactions

Wednesday [16-08-2008]
1:00am---USD NAHB Housing Market Index
2:00pm---EUR German CPI m/m (r)
4:00pm---EUR Italian Trade Balance
4:30pm---GBP Average Earnings Index +Bonus q/y
4:30pm---GBP Claimant Count Change
4:30pm---GBP Unemployment Rate
5:00pm---EUR CPI y/y (r)
8:30pm---USD Core CPI m/m
8:30pm---USD Building Permits
8:30pm---USD CPI m/m
8:30pm---USD Housing Starts
9:15pm---USD Capacity Utilization Rate
9:15pm---USD Industrial Production m/m
10:30pm--USD Crude Oil Inventories

Thursday [17-04-2008]
12:30am----------USD Philadelphia Fed President Plosser Speaks
2:00am-----------USD Beige Book
12:30pm----------JPY Industrial Production m/m (r)
3:15pm-----------CHF Retail Sales y/y
4:00pm-----------EUR ECB Monthly Bulletin
5:00pm-----------CHF ZEW Expectations
5:00pm-----------EUR Trade Balance
8:30pm-----------USD Unemployment Claims
9:45pm-----------USD Fed Vice Chairman Kohn Speaks
10:00pm----------USD Philadelphia Fed Manufacturing Index
10:00pm----------USD Leading Index m/m
[Time Unknown]---CHF SNB Chairman Roth Speaks

Friday [18-04-2008]
2:00am---USD Dallas Fed President Fisher Speaks
1:00pm---JPY Household Confidence
2:00pm---EUR German PPI m/m
4:30pm---GBP M4 Money Supply m/m
4:30pm---GBP Public Sector Net Borrowing
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USD/CHF

USD/CHF Daily Chart

USD/CHF H1 Chart

A very nice and defined symmetrical triangle has formed on the daily chart, with prices still in the middle, it has been sideways for quite some time now. Similarly to the other currencies, it broke to the downside a couple of days ago, but slipped back into the wedge, thus forming a new support line for the triangle.

Hourly chart shows a similar movement to the USD/JPY. Again, it didn't managed to form a higher high, and it has now gone sideways. Last couple of days have been pretty volatile for most of the pairs, so trade with caution.

GBPUSD

GBP/USD Daily Chart

GBP/USD H1 Chart

GBP/USD daily had a descending triangle that was broken this week, but rebounded back. The last 2 days of trading has been a fight to see whether buyers or sellers would win. So far there's no clear direction yet.

On the hourly chart, a falling wedge is formed. The market closed at the support of 1.9719 though, and even if it can break up the nice resistance line (purple), we would want to be more cautious of going long, until more criteria is observed.

USD/JPY

USD/JPY Daily Chart

USD/JPY H1 Chart

On the Daily chart, it looks like a bear flag has formed, and the market is trying to test the support of the flag. If it succeeds, there might be quite a big movement downwards. Last week, it has actually broken a support but it shot back up into the bear flag the next day. Traders who did not take their profits would have been stopped.

On the hourly chart, the market could not create a higher high, and started a pretty strong downwards move again. It then went into a tight range before markets closed for the week. G7 meeting is held on Saturday, so traders might want to see the outcome of the meeting before trading.

EUR/USD 13th April 2008

EUR/USD Daily Chart

EUR/USD H1 Chart

This week, EUR/USD rallied to a new historic high of 1.5913 but failed to hold, and collapsed almost 180 pips within the next few hours. On the daily chart, a very nice ascending triangle has formed.

On the hourly chart, there seems to be a head and shoulders forming, there is strong resistance at the 1.5855 level. It did not manage to form a higher high, and went sideways for a couple of hours before the markets closed on Friday. A nice support line (purple) has formed. It would be interesting to see if the markets can break this intermediate support line.

Market Outlook for the week

Hola! This is the first week that Commenciante traders will share their insights about the Forex markets, we will start off with the 4 major currencies, and will probably look into other pairs at a later time. If there are any interesting setups during the week we will try to post it up as well!

Have fun trading!
J