Thursday, December 31, 2009

The Advisor Weblog

The Advisor Weblog

This is my family

Posted: 31 Dec 2009 08:20 AM PST

Well, I want to say goodbye to this year, sharing with you, my most precious treasure, my family.

This is me with my youngest girl, Camila, almost 5 years old, and yes! she is just a small clone of myself ;)

 

And these, are my husband Ricardo, and my 7 years old baby girl, Virginia.

 

Let’s 2010 bring happiness and prosperity to all of you! Happy New Year.

Better than expected U.S. data favors greenback

Posted: 31 Dec 2009 05:44 AM PST

Better than expected weekly unemployment claims that claims fell 22K to 432K from a revised 454K past week, triggering a dollar spike across the board. EUR/USD fell to 1.4370 area as a first reaction, while dollar is slightly up against major rivals.
Daily low at 1.4335 has become next support for the pair, followed by the 1.4280 area, while resistance for next hours lie at 1.4410/20 area, past Mondays’ high, followed by 1.4440, European session high.

USD/JPY is also up, testing the 92.80 resistance zone, ahead of 93.10 and 93.40 area. Pair remains bullish, and should remain supported above 92.30 for the rest of the session

Gold and Oil slighlty down

Posted: 31 Dec 2009 04:34 AM PST

Gold and Oil are losing some ground now, despite still positive in the day. Gold quotes around $ 1104/oz, while oil is near $ 80 per barrel; commodity currencies are giving up some ground, with Aud and Cad falling against greenback, while Pound managed to print a fresh high at the 1.6210 area at this moment. GBP/JPY approaches to key 150.00 level, yet seems Pound will remain being the shinning star of the day.

Swiss Franc strength persist

Posted: 31 Dec 2009 04:20 AM PST

Swiss Franc strength persist  across the board, with USD/CHF approaching to the weekly low also strong static support zone around 1.0280. If that zones gives up, next support comes at the 1.0235 area, ahead of 1.0200; above 1.0320, pair will find next resistance level at the 1.0365 area.

EUR/CHF is quoting around 1.4835, printing a fresh 9 months low in current session, and attempting a test of the 1.4800 level. Market rumors support some SNB intervention around that zone, yet as we comment on the daily Wrap up webinar this week, trend remains strongly bearish there, and intervention is triggering less and less reaction month after month: March intervention early this year trigger a more than 500 pips rally in a day; in May, daily rally was of around 300 pips; last one, past November, triggered only a 70 pips rally, so do place too much expectations in a bullish recovery there. Resistances for the pair come at 1.4860 and 1.4900, while supports under 1.4830, are located at 1.4800 and 1.4760 zone.

Pound extends the rally

Posted: 31 Dec 2009 03:56 AM PST

Pound continues rally yet despite strong bullish momentum GBP/USD is actually testing a key resistance level that should at least halt current rally: 20 SMA with a nice bearish slope in the daily chart. An acceleration above 1.6200, favored by thin volume, could sent the pair higher, to test the 1.6250 area, also strong resistance level, neck of the H&S figure broken past Dec 18th; over bought in smaller time frames,  pair has no signs of downside correction movements, yet under 1.6150, first support for next hours, corrective movement could extend to the 1.6100 area, ahead of 1.6060.

 

Majors’ sentiment for today

Posted: 31 Dec 2009 03:13 AM PST

Here is majors’ sentiment for today:

Eur/Usd:Slightly Bullish

Gbp/Usd: Bullish

Usd/Chf: Bearish

Usd/Jpy: Bullish

Eur/Gbp: Bearish

Eur/Jpy: Bullish

Gbp/Jpy: Bullish

Starting the day

Posted: 31 Dec 2009 02:38 AM PST

Hi everyone and welcome to the last day of this 2009. Dollar is losing ground since early Asia, with gold back above $ 1100 after approaching to the $ 1080 area past Wednesday. Mostly, market remains thin and some profit taking from past dollar rally could have well exacerbated the run. Still, only Pound managed to made a fresh weekly high against dollar, with the rest of the crosses still inside this week tiny range. Yesterday’s Chicago PMI has grabbed market attention, as the   labor sub-component moved into expansionary territory for the first time in a long time; with the FED clearly focusing on labor market to decide either or not to remove the stimulus measures, the data is no minor: next week NF Payrolls could well be another trigger for more dollar gains.

Anyway, half the world in already on holidays, and the other half is on it’s way. We have the unemployment claims today in the U.S., the last report to watch this year, and besides that, market should remain in slow motion. Here is the link for today’s calendar:

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

Have a great day!

 
Posted by at 5:20 PM

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