The Advisor Weblog

Hourly majors perspective
Majors’s sentiment for today
Starting the day

Hourly majors perspective

Posted: 10 Sep 2009 06:59 AM PDT

Hi! here is the link: sorry too busy today to add too many post…

http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2009-09-10.v02.html

Majors’s sentiment for today

Posted: 10 Sep 2009 03:43 AM PDT

Here is majors sentiment for today:

Eur/Usd: Bullish

Gbp/Usd: Bearish

Usd/Chf: Bearish

Usd/Jpy: Bearish

Eur/Gbp: Bullish

Starting the day

Posted: 10 Sep 2009 03:34 AM PDT

Hi everybody and welcome! We are in the rates dates. Not only because of BOE. Past Asian session New Zealand decided to leave rates unchanged at 2.5%, but retaining the easing bias: governor Bollard state that a high NZD threatens economic recovery, first one complaining about this risk appetite euphoria. A couple of hours later, Australian unemployment report came out worst than expected, pushing both currencies to the downside; why is important? Gold is under 990/oz since then, maybe just correcting ot maybe topping at 1000/oz, but having been the main driver in market this days, if commodities start to fall, dollar will attempt to rise; also OPEC meeting was due yesterday, and they decide not to cut production. Arab Oil Minister state he is comfortable with oil around $ 70 a barrel, as I do believe they will try to keep it around there, to avoid triggering another round of world inflation.

After BOE, we have Canada rate statement also today, so I do expect today to be an interesting day. I will be covering Live! BOE from FXstreet.com home page, as always, so hope to see you there! Here is today’s calendar:

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

Have a great day!