The Advisor Weblog

Houly perspective pre American opening
Best pair to trade now: EUR/USD
Yellen given dollar more support
Majors’s sentiment for today
Starting the day

Houly perspective pre American opening

Posted: 17 Nov 2009 06:23 AM PST

Here is the hourly perspective for majors:

http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2009-11-17.html

Best pair to trade now: EUR/USD

Posted: 17 Nov 2009 04:46 AM PST

Here is my choice for today:

http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2009-11-17.html

Yellen given dollar more support

Posted: 17 Nov 2009 04:20 AM PST

Fed’s Yellen is on the wires, saying recession in U.S. is probably over, and that the U.S. economy is growing, slow, but growing. Dollar is rising further across the board even against Japanese yen. EUR/USD is quiclky approaching to strong 1.4820/30 area. Watch that level: break under will accelerate the fall.

Majors’s sentiment for today

Posted: 17 Nov 2009 03:56 AM PST

Here is majors’s sentiment for today:

Eur/Usd: Slightly Bearish

Gbp/Usd: Slightly Bearish

Usd/Chf: Slightly Bullish

Usd/Jpy: Bearish

Eur/Gbp: Bearish

Starting the day

Posted: 17 Nov 2009 03:53 AM PST

Hi everybody and welcome back! I don’t know who is more exhausted these days, either dollar… or me. I have been at the ITC past October in Barcelona, yet before that, it has been almost two years since my last vacations, and I’m really tired. Summer is starting, we are about to end the school year, kids are tired and mom about to collapse. Yet seems there are more chances of my collapse than greenbacks one. Our good all friend Mr. Jean Claude Trichet has just come to support dollar, saying a strong dollar is not only in the interest of the U.S. but also the entire international community. He also added: “The euro was not created to fight against the U.S. Dollar or to replace the dollar as international reserve currency. It was created to complete the single European market, and give Europe’s stability and prosperity.” EUR/USD is down from 1.5000 to 1.4900 while dollar is also sligtly up agaisnt major rivals, as gold gave up 10 bucks today. Nothing that change the trend, corrective for now. Anyway! let’s see what the day has to bring to currencies!

Here is the link for today's calendar:

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

Have a great day!