The Advisor Weblog

Wall Street strongly up, dollar back down
Last Webinar recording
Majors’s sentiment for today
Starting the day

Wall Street strongly up, dollar back down

Posted: 14 Sep 2009 06:42 AM PDT

Wall Street opened strongly bullish, gold is back above 1000/oz, and dollar is strongly down. Here are the major’s technical points for the next hours:

http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2009-09-14.v03.html

Last Webinar recording

Posted: 14 Sep 2009 05:18 AM PDT

Here is the recording of the last webinar. Enjoy!

http://transcripts.fxstreet.com/2009/09/forex-basics-series-chapter-5-technical-figures.html

Majors’s sentiment for today

Posted: 14 Sep 2009 04:56 AM PDT

Here is majors sentiment for today:Eur/Usd: Sligthyl Bearish

Gbp/Usd: Bearish

Usd/Chf: Neutral

Usd/Jpy: Sligthly Bullish

Eur/Gbp: Bullish

Starting the day

Posted: 14 Sep 2009 04:43 AM PDT

Hi everybody and welcome back! week opened with dollar down and yen up across the board, yet the movement last till Nikkei opening: Japanese stocks fell strongly on growing concerns the strength of the JPY will negatively impact Japanese exporters: besides, and as usual, Japan Minister of Finance’s Yasutake Tango says officials are watching currency moves closely, but declined to comment on specific levels. That’s the most they usually do: some verbal intervention, warning yen has already rose enough. Of course, that does not mean it can’t extend the rally, but is a first warning no doubts. Both dollar and yen change bias, or better said, begin some corrective movements: EUR/USD tested the 1.4515 zone, to stabilize around 1.4550; Japanese yen botomed at 90.20 and now is trying to approach to 91.00, while GBP/USD suffer the most as usual when risk aversion appears, and fell to the 1.6520 key zone. Gbp also down as Moody’s says outlook for U.K. banks remains negative. Not much macro news to take care of, but a lot of speeches coming from U.S. authorities, so be careful with that. Wall Street, as usual, will be the market driver. Here is today's calendar:

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

Have a great day!