The Advisor Weblog |
- Hourly perspective for majors
- U.S. Nonfarm Payrolls
- Euro and Gbp levels to watch
- Majors’s sentiment for today
- Starting the day
| Posted: 04 Sep 2009 06:41 AM PDT Here is the hourly perspective for majors; pairs had approached to key support/resistance levels, failed to break, and waited for U.S. stocks. Wall Street is positive, supporting dollar and yen falls for now, yet nothing really big at this point.
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| Posted: 04 Sep 2009 05:31 AM PDT Well data is here: Non-Farm Employment Change printed a -216 K from a previous reading of -247K, while unemployment rate 9.7 % from 9.4% the previous month; First reaction send stocks down and dollar and yen down across the board. Let’s see what’s next
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| Posted: 04 Sep 2009 04:47 AM PDT Eur/Usd: Supports at 1.4230 1.4190 1.4150 1.4100 Resistances at 1.4280 1.4340 1.4385 1.4445 Gbp/Usd Supports at 1.6310 1.6260 1.6220 1.6160 Resistances at 1.6410 1.6460 1.6520 1.6560
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| Posted: 04 Sep 2009 04:23 AM PDT No matter what sentiment is for today, it will be distorted by report. Be aware! Eur/Usd: Sligthly Bearish Gbp/Usd: Sligthly Bullish Usd/Chf:Slightly Bullish Usd/Jpy: Sligthly Bullish Eur/Gbp: Bearish
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| Posted: 04 Sep 2009 04:21 AM PDT Hi everybody and welcome back! Well, here we are all waiting for Nonfarm Payrolls, and market reaction. Majors are practically unchanged since last New York close, with European stocks and U.S. futures slightly up; I was waiting for Canada report before starting the blog, to see the results: as you know, nothing in forex is a certain 100% sure law, yet statistically, both, Canada and U.S. reports tend to come in line. So better than expected data in Canada is maybe and advance that we will have a better than expected reading in the U.S. And at the end that does not mean too much anyway: will stocks rise on better than expected data sending dollar and yen down, or will dollar rise across the board like last month? Well we will have to wait and see. Not only first spike, not only first reaction: give market 2 15 minutes candle to decide a trade. At least is what I do http://www.fxstreet.com/fundamental/economic-calendar/ Have a great day! I will be one of the key speakers in Barcelona, October. Here is the link if you want to know more about it: http://www.traders-conference.com
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