The Advisor Weblog

Majors’s support and resistance levels to watch
The best pair to trade now: EUR/USD
Canada employment data
Majors’s sentiment for today
Starting the day

Majors’s support and resistance levels to watch

Posted: 06 Nov 2009 04:33 AM PST

Here are the levels to watch today. No use for much technical analysis today, payrolls are too noisy for that!

http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2009-11-06.html

The best pair to trade now: EUR/USD

Posted: 06 Nov 2009 04:17 AM PST

Here is my choice for today:

http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2009-11-06.html

Enjoy!

Canada employment data

Posted: 06 Nov 2009 04:04 AM PST

Canada has just published their employment data; pretty bad in general, with 43.2K job lost instead of 10.K wins expected, while unemployment rate rose to 8.6% from 8.4%. Not a law, but U.S. data tends to come in line with this one. If data is so bad in America, could dollar rose today??

I will be covering Live! (YES! AGAIN!) data at Fxstreet.com home page. See you all there!

Majors’s sentiment for today

Posted: 06 Nov 2009 02:50 AM PST

Here is majors’s sentiment for today:

Eur/Usd: Bullish

Gbp/Usd: Bullish

Usd/Chf: Bearish

Usd/Jpy: Slightly Bullish

Eur/Gbp: Neutral

Starting the day

Posted: 06 Nov 2009 02:48 AM PST

Hi everybody, and welcome back! Dollar remains weak across the board, after yesterday’s Central Banks decisions, more due to a healthy risk appetite than data, as stocks and gold keep rising as there was no roof for them. Anyway, and ahead of the U.S. NFP report, greenback continues losing ground.

Regarding Nonfarm payrolls, we know, that usually a good dollar report trigger a stocks rally, sending greenback down, while a bad ready has the oppositeeffect. USUALLY. L believe we are going to follow that path today, but remember one day, a good dollar reading will mean dollar strength. If that day is today, is something I can’t assure. Just pay attention to market and take a breath before taking a trading decision. Good luck all!

Here is the link for today's calendar:

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

Have a great day!