Forexpros.com Daily Analysis - 15/04/2010

[forexpros]

ForexPros Daily Analysis April 15, 2010


Free webinar on ForexPros - "Day Trading Strategies"

Expert: Mark Hodge, Rockwell Trading
When: Wed, Apr 28, 2010, 10:00 EST

In this webinar Mark Hodge, Head Coach at Rockwell Trading, will show you powerful day trading strategies that can be used to trade leveraged markets. He'll show you what settings to use, the rules, and when to enter and when to exit a trade. In addition, he'll cover:
1. A "secret" way to display charts that makes chart reading much easier
2. What markets to trade and why
3. What indicators to use to determine if the market is trending or moving sideways
This webinar is #1 in a 3-part educational series brought to you by Rockwell Trading. Don't forget to check the ForexPros calendar to register for Parts 2 and 3!

Click [color=black]to join free.

---

Fundamental Analysis: Building Permits

Traders of the US anticipate the publication of the Building Permits. It shows the number of permits for new construction projects issued by the government. Building permits are key indicator for the condition of the housing market. A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD. Analysts predict a future reading of 0.63M.

---

Euro Dollar

The Euro tested the resistance we described as