Monday, Aug 10, 11:07 GMT
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Forex Blogs
FX Market Readings: Swing and rise moves expected for today by Dr. S. Sivaraman
EURO and GBP made the swings between high and low during Japanese session as explained during the Asian session: Live market analysis webinar held during 05:00−05:39 GMT.
CEO'S Weblog: Top tweets for forex traders by Francesc Riverola
Trade Setups: Forex Video - 10 Aug '09 - Analysis by Phil Newton
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Live Sessions Schedule
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Aug 10, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
Weekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, Aug 10, 16:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| 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 | |
| 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 | |
Current Session: Europe − U.S.
GBP/USD: It appears that accumulation has started around 1.6620
ACM − Advanced Currency Markets − Cable was mentioned last week as expected to have a major problem clearing 1.7029 and that 1.6663 would be a likely target area where we might see some long sterling players. Trading this morning slightly below that level it appears that accumulation has started around 1.6620 but the next support at 1.6546 is a more robust entry point, with further support at 1.6435 and 1.6381. Medium term uptrend still intact so expect long building over the coming days with 1.6272 as a crucial level for the bulls to hold.
EUR/USD
The euro started the week in a consolidative mood by Swiss e Trade AG
The euro started the week in a consolidative mood from its lower levels against the dollar, currently trading at 1.4190. We expect even lower levels for today, eventually reaching the 1.4090 level.
USD/JPY
USD JPY made its way to the channel top at 97.71 by FXstreet.com Independent Analyst Team
We really did get a monster rally on Friday. It broke through the daily trend line at 96.35 without looking back and made its way to the channel top at 97.71.
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
EUR USD, 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 | Home Loans (Jun) | 1.1% | 1.9% | 2.2% |
| 01:30 | AU | Investment Lending (Jun) | -1.8% | 1.8% |
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| 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) | -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 | |||