The Advisor Weblog

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• Waiting for U.S. data
• Hourly perspective pre America opening
• Best pair to trade now GBP/USD
• Eur/Usd approaching to 1.4800
• Majors’s sentiment for today
• Starting the day

Waiting for U.S. data Posted: 02 Nov 2009 06:42 AM PST Market remains waiting for U.S. data, with majors moving in smaller ranges hour after hour. ISM PMI is expected to the upside, while Pending Home sales are expected to the downside. Just 15 minutes to go.

Hourly perspective pre America opening Posted: 02 Nov 2009 05:24 AM PST Here is the majors updated technical perspective for the American session: http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2009-11-02.html

Best pair to trade now GBP/USD Posted: 02 Nov 2009 04:08 AM PST Here is the link to my choice for today. Enjoy! http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2009-11-02.html

Eur/Usd approaching to 1.4800 Posted: 02 Nov 2009 03:48 AM PST Another failure attempt to break under 1.4680/1.4700 strong support level, has pushed the pair back to the upside almost 100 pips. Moving slowly, indicators show not enough strength at this point, to confirm a run higher above the 1.4810 resistance area; an acceleration trough that point, supported by growing optimism could push the pair higher to the 1.4850/60 area, next resistance level for today. Supports lie at 1.4740, the mentioned 1.4680/1.4700 support area, and 1.4640.

Majors’s sentiment for today Posted: 02 Nov 2009 03:09 AM PST Here is majors sentiment for today: Eur/Usd: Slightly Bullish Gbp/Usd: Bearish Usd/Chf: Slightly Bearish Usd/Jpy: Bearish Eur/Gbp: Bullish

Starting the day Posted: 02 Nov 2009 03:04 AM PST Hi everybody and welcome back. Asian session started with dollar and yen quite stronger against major rivals, following past Friday’s risk aversion mood. Nikkei 225 slump, while USD/JPY tested 89.40 levels. However, dollar retreat from previous well known supp/res areas, and remains range bound, except against Pound, that lost ground since stocks open, showingbanks shares in the U.K. dropped sharply in early trade. With speculation of more QE coming and BOE decision this Thursday, Pound remains weak. Anyway, here is the link for today’s calendar: http://www.fxstreet.com/fundamental/economic-calendar/ Have a great day!

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