The Advisor Weblog

Majors’s sentiment for today

Posted: 01 Oct 2009 04:54 AM PDT

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

Gbp/Usd: Bearish

Usd/Chf: Bullish

Usd/Jpy: Sligthly Bullish

Eur/Gbp: Bearish (watch here the 0.9080 support!)

Starting the day

Posted: 01 Oct 2009 04:38 AM PDT

Hi everybody, welcome back! Guess that, Euro at weekly low is more important at this point that any other thing that happened across the board; and don’t have to be a surprise: weaker than expected retail sales in Germany, unemployment rising to 9.6% in euro zone (almost like in the U.S. where we have 9.7%). Swissy non official intervention yesterday and losing ground also weight on Euro, no doubts. If we lost the 1.4500 there, we have strong chances of an approach to 1.4440 area 61.8% retracement of the last up leg. I will add the chart and clear comments there later. We have quite a number of reports ahead so here is the link for today’s calendar:

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

Have a great day!