Monday, Aug 10, 08:09 GMT
EUROPEAN Trading Newsletter
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- All the events of the day in our Economic Calendar
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Forex Blogs
ForexHedge: Play the high correlated pairs by Ron Schelling
There are sevaral ways to trade the high correlated currency pairs. Top cahrt is EUR/USD, 2e chart is USD/CHF and 3e chart is EUR/CHF. The bottom chart shows you the daily moves of each curreny.
FX Bootcamp: Forex Video - Pre London Outlook August 10th 2009 by Curt Wehrley
FX Market Readings: market setiments are short lived by Dr. S. Sivaraman
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Live Sessions Schedule
Using Fibonacci ratios to manage your trades efficiently
Expert: Sunil Mangwani
Start: Mon, Aug 10, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Aug 10, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Aug 10, 09:00 GMT | Using Fibonacci ratios to manage your trades efficiently | Sunil Mangwani | WBN | |
| Mon, Aug 10, 10:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Mon, Aug 10, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Mon, Aug 10, 16:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
Current Session: Europe
Euro back inside the range established early May
Mizuho Corporate Bank − Friday's drop has put the Euro back inside the range established early May, much to the delight of US dollar bulls. Bullish momentum has collapsed as has the overbought situation. This suggests we shall hold below last week's high at 1.4448 this week and maybe all month while we try and establish a new interim base.
GBP/USD
GBPUSD tumbled for a test of the June 3 high of 1.6662. by DailyFX
the currency continued to rack up losses against the ultra−strong US dollar, as GBPUSD tumbled for a test of the June 3 high of 1.6662.
USD/JPY
USD JPY is in a consolidation after the last bullish movement. by Mataf.net
97,20. USD JPY is in a consolidation after the last bullish movement. The volatility is high. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration.
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
USD JPY, Hourly
GBP 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 | 01:30 | AU | Investment Lending (Jun) | -1.8% | 1.8% |
|
| 05:00 | JP | Eco Watchers Survey: Current (Jul) | 42.4 | 43.4 | 42.2 | |
| 05:00 | JP | Eco Watchers Survey: Outlook (Jul) | 44.9 | 45.6 | ||
| 06:00 | JP | Machine Tool Orders (YoY) (Jul)  | -72.2% | -72.8% | ||
| 08:30 | EMU | Sentix Investor Confidence (Aug) | -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% | |||