The Advisor Weblog |
- Last report: Risk appetite didn’t last
- Majors’s hourly perspective ahead of U.S. opening
- Oil and gold falling
- Best pair to trade now
- Don’t use the word intervention
- Gbp/Usd technical points
- Eur/Usd pushing higher
- Majors’s sentiment for today
- Starting the day
| Last report: Risk appetite didn’t last Posted: 30 Oct 2009 08:21 AM PDT Far from been over, day is pointing for a quite interesting dollar, and yen close: stocks and commodities remain under pressure, and seems rally is not over yet. Here is the link for the last updated report. http://www.fxstreet.com/technical/market-view/intraday-forex-technical-report/2009-10-30.html Have a great weekend! I will
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| Majors’s hourly perspective ahead of U.S. opening Posted: 30 Oct 2009 06:21 AM PDT Here is the last update. Enjoy!
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| Posted: 30 Oct 2009 05:48 AM PDT Oil and gold are falling heavily, dragging USD/CAD to 1,07851 and Aud to key 0.9100 support respectively; U.S. data come under expectations U.S. index should open to the downside. All of this is pointing for further dollar strength if could be call so; pay attention to commodity currencies!
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| Posted: 30 Oct 2009 04:55 AM PDT Here is today’s choice. i’m not so convinced about Gbp/Usd, yet if moves unde 1.6510 should extend the downside quickly. Enjoy! http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2009-10-30.html
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| Don’t use the word intervention Posted: 30 Oct 2009 04:38 AM PDT Again, EUR/CHF moved under 1.5100 and jumped up 80 pips in 15 minutes, while dragging USD/CHF from 1.0170 to 1.0230; Euro feel the movement and dropp quickly to test the 1.4800 area. If this gives up, look for the 1.4770 area there! Swissy should move above 1.0230 to test the 1.0285 level.
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| Posted: 30 Oct 2009 04:01 AM PDT Gbp/Usd is also forming a continuation figure a triangle in the 4 hours charts. Holding above strong 1.6520 area, indicators point for a downside correction, that should over come that zone to start. Next support lie at 1.6470 and 1.6440, while resistances from current price are located at 1.6550 and 1.6600.
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| Posted: 30 Oct 2009 03:45 AM PDT Euro remains close to daily high, forming a small continuation flag in the 4 hours chart; fighting also with the 38.2% retracement of the last upleg, and after rebounding in the 20 SMA, pair is set to continue to the upside. I guess lower stocks around the world is what’s capping the rally at this point. Break above high will find next resistance around 1.4890, followed by 1.4925 and 1.4960. Supports come at today’s low 1.4810, 1.4770 and 1.4740.
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| Posted: 30 Oct 2009 03:21 AM PDT Here is majors sentiment for today: Eur/Usd: Bullish Gbp/Usd:Slightly Bullish Usd/Chf: Bearish Usd/Jpy: Bearish Eur/Gbp: Slightly Bullish
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| Posted: 30 Oct 2009 03:20 AM PDT Hi everybody and welcome back. Friday, 7 a.m. in Buenos Aires, 31°C. Dollar remains under pressure, yet right where it started Asian session against most rivals, despite local stocks markets print some gains; Japanese yen rose after the release of strong jobs data in the day, coupled with the decision by the Bank of Japan to unwind some of its stimulus steps, giving more signs of optimism over the global economy recovery. At this point, both European index and U.S. futures are in the red side, maybe because we are at the last day of the month: get ready to see some profit booking in today’s sessions, that could favour greenback. Early European data showed German Retail sales continued falling against expectations, deflation remains in place, and unemployment at 9.7% . No good news for the euro zone. Still, day is young, and many things could happen. Here is the link for today’s calendar, check it out while I take a look at charts: http://www.fxstreet.com/fundamental/economic-calendar/ Have a great day!
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