The Advisor Weblog

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

Hourly perspective for majors

Posted: 05 Oct 2009 07:01 AM PDT

Here is the hourly perspective for majors, yet keep an eye on gold; as usual, is leading the way, despite stocks.

http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/

Majors’s sentiment for today

Posted: 05 Oct 2009 04:39 AM PDT

Here is majors sentiment for today:

Eur/Usd: Neutral

Gbp/Usd: Bearish

Usd/Chf: Neutral

Usd/Jpy: Slightly Bullish

Eur/Gbp: Bullish

Starting the day

Posted: 05 Oct 2009 04:31 AM PDT

Hi everybody, and welcome back. Quiet start of the week, with majors consolidating with no much going on in markets; stocks are down, some risk aversion hit markets after past Friday U.S. Non Farm Payroll data, yet gold remains comfortable around $ 1004/oz, keeping dollar for running higher.

G7 meeting left almost nothing for us traders, except that Japan Prime Minister Fujii, change his non intervention previous statement, and call for action if yen remains one bias, making the currency fell against major rivals since early opening, now close to 90.00 against USD, yet far from changing bias at this point; maybe a daily close above 90.70/80 area, not seen at this point, could help somo upside strength there.

GBP remains also weak, capped by 1.6020 resistance area, and for what I see, Pound remains weak despite early better than expected PMI data. I will take a look at charts now, and post the levels for each major.

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

Have a great day!