Posted: 09 Sep 2010 06:32 AM PDT

Here is the hourly perspective for US session:

http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2010-09-09.v02.html

Posted: 09 Sep 2010 05:41 AM PDT

First round of macroeconomic data today started with UK policy meeting, that left rates and QE unchanged, triggering zero reaction; Canadian data seems a bit more interesting nostly disapointing under expectations, while US data has been extremely postive: deficit reduce to 42.8B while weekly unemplotment claims also fall to 451K. Risk appetite on! Stocks are up, oil and gold rising (watch $75.60 in oil!)

Euro and Pound are aiming higher, still no much of strength there, Pound needs a better confirmation above currenty 1.5420, while Euro is regaining 1.2735. Targets for this movements are 1.5480 por pound, 1.2770 zone for EUR/USD.

Starting the day

Posted: 09 Sep 2010 03:29 AM PDT

Hi everyone and welcome back! today, we have Bank of England economic policy decisions, so starting in about 15 minutes I will be covering it live, from Fxstreet.com home page. I invite you all to join me there! As comment yesterday in the wrap up webinar, mood in the market, regarding risk, chances from one session to another, yet the mood for now, is favoring risk appetite. Let’s see if it last!

Here is the link for today's calendar:

http://www.fxstreet.com/fundamental/economic-calendar/

Have a great day!