Forexpros.com Daily Analysis - 22/04/2010

[forexpros]

ForexPros Daily Analysis April 22, 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.

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Fundamental Analysis: Core Durable Goods Orders

Traders of the US anticipate the publication of the Core Durable Goods Orders. It measures the change in the total value of new orders for durable goods, excluding transportation.
Because aircraft orders are very volatile, the core number gives a better gauge of orders trends.
Higher reading indicates activity increase by manufacturers.
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 reading of 0.70%.

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Euro Dollar

The Euro broke yesterday