Monday, August 10, 2009

Chart and eco-data




JPYBoJ Interest Rate Decision0.10%0.10%
23:01GBPRICS House Price Balance Jul-10.00%-18.10%
23:01GBPBRC Retail Sales Monitor Jul--1.40%
01:30AUDNAB Business Confidence Jul--4
05:00JPYHouseholds Confidence Jul39.237.6
06:00EURGerman CPI M/M Jul F0.30%0.90%
06:00EURGerman CPI Y/Y Jul F-9.70%-8.80%
08:30GBPVisible Trade Balance (GBP) Jun-6.200B-6.263B
12:15CADHousing Starts Jul141.4K140.7K
12:30USDNon-Farm Productivity Q2 P5.50%1.60%
12:30USDUnit Labor Costs Q2 P-2.50%3.00%
14:00USDWholesale Inventories Jun-0.90%-0.80%
Im not saying it is true but this chart illustrates the argument that the buy channel has been violated and according to the technician a return to the low 60's is probable if it stays below 72
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Also here is some of the eco data all traders must be aware of and comprehend