Monday, Aug 10, 16:58 GMT
ASIA-PACIFIC Trading Newsletter
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To Get Started
- WEBINAR VIDEOS: What is VWAP: How to Spot Institutions with Mark Whistler
- All the events of the day in our Economic Calendar
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Live Sessions Schedule
Trading Day's Live Wrap Up
Expert: Valeria Bednarik
Start: Mon, Aug 10, 22:30 GMT
Type of Session: Webinar
Asian Session: Live Market Analysis
Expert: Dr.S.Sivaraman
Start: Tue, Aug 11, 05:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Aug 10, 19:00 GMT | Trading Around Your Day Job  | Ryan O'Keefe | WBN |  |
| Mon, Aug 10, 22:30 GMT | Trading Day's Live Wrap Up | Valeria Bednarik | WBN | |
| Tue, Aug 11, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN | |
| Tue, Aug 11, 08:00 GMT | London Session Scenarios on GBPUSD & GBPJPY | Mihai Marinescu | WBN | |
| Tue, Aug 11, 14:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
Current Session: U.S.
USD mixed, GBP lower pressured by deflation risk
Easy Forex − USD traded mixed to start the week with the JPY supported by report of improving Japanese core machinery orders and weaker equity market trade in Europe and the US. GBP was pressured by a Daily Telegraph report that says the BOE will warn about the risk of deflation in the UK. This week's key focus will be the FOMC rate decision Wednesday, Thursday's release of US retail sales and Friday's release of CPI and University of Michigan consumer sentiment.
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EUR/USD
EUR/USD Continues to Slip Towards 7/20−7/28 Lows by FastBrokersFX
Friday's large pullback is following through into Monday while the S&P futures continue to dangle just above their highly psychological 1000 level.
GBP/USD
Chart of the Day – GBP/USD by FX Solutions
Price action on GBP/USD, a daily chart of which is shown, has made a dramatic bearish correction after hitting a 9−month high of 1.7040 on an upside breakout last week.
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
GBP USD, Hourly
EUR USD, Hourly
Top Market Movers Preview
US NONFARM PRODUCTIVITY
| Date (GMT) | Event | Cons. | Previous | |
| Aug 11 | 12:30 | Nonfarm Productivity | - | 1.6% |
| Aug 11 | 12:30 | Unit Labor Costs | - | 3% |
Friday Notes - Back on track to growth by UniCredit Group
The index of worked aggregate hours dropped another 8% in 2Q, while real GDP fell a much more benign 1%. Accordingly, productivity (output per hour) has surged. The increase in compensation per hour was most likely more benign than in previous quarters – and certainly lower than the rise in output per hour. As a result, unit labor costs fell in 2Q after three consecutive increases. Both developments, the rise in productivity and the decline in unit labor costs, reflect the successful attempts of companies to cut costs and to streamline their businesses amid the severe economic recession.
[ Full Story ]Market Comment - Deleveraging the U.S. Economy by Comstock Partners Inc.
Top Market Movers Review
Japan CORE MACHINERY ORDERS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 9 | 23:50 | Core Machinery Orders (MoM) | 9.7% | 2.8% | -3.0% |
Japan Jun Core Machinery Orders +9.7% On Month (Dow Jones)
Japanese core machinery orders rose 9.7% in June from the previous month, the government said Monday, raising hopes that firms may have finished paring down their business investment plans. The rise was much bigger than the 2.9% increase expected on average by economists surveyed by Dow Jones Newswires and The Nikkei.
[ Full Story ]- Read the Machinery data at ESRI
- Japan June Core Machinery Orders +9.7% (Forex Live)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 10 | 06:00 | JP | Machine Tool Orders (YoY) (Jul)  | -72.2% | -72.8% | |
| 08:30 | EMU | Sentix Investor Confidence (Aug) | -17.0 | -25.9 | -31.3 | |
| 23:01 | UK | BRC Retail Sales Monitor − All (YoY) (Jul) | 1.4% | |||
| 23:01 | UK | RICS House Price Balance (Jul) | -9.8% | -18.1% | ||
| Aug 11 | 01:30 | AU | National Australia Bank's Business Conditions (Jul) | -2 | ||
| 01:30 | AU | National Australia Bank's Business Confidence (Jul) | 4 | |||
| n/a | JP | BoJ Interest Rate Decision | 0.1% | |||
Educational Resources
Do you ever ask yourself why other traders seem so successful while you continue to struggle? Don Dawson shares ways to become a better trader by looking at the business of trading as more than just reading the charts. Read the article!
Past Trader's Journal Articles
Plan, execute, and then go do something more important than trading by Sam Seiden
Does size matter? by Don Dawson
If you can't spot it, don't trade it by Gabe Velazquez