The Advisor Weblog |
- ECB Live Coverage
- ISM push dollar higher
- Majors’ hourly perspective
- Live coverage
- Majors’ sentiment for today
- Starting the day
| Posted: 03 Dec 2009 09:33 AM PST
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| Posted: 03 Dec 2009 07:15 AM PST With Gold losing ground and ISM Non Manufacturing under 50.00, dollar is up across the board, still far from losing it’s bearish trend. Eur/Usd holds above the 1.5060 support, while Swiss Franc keeps fighting parity. Usd/Jpy approached to the daily descendant trend line mentioned earlier, and gave up some ground. Let’s see if majors decide to extend movements or will cold down ahead of tomorrow’s Payroll.
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| Posted: 03 Dec 2009 06:21 AM PST Hi everyone i’m back! great time at the live coverage. I prepare the hourly perspective with comments of what happend with ECB and Trichet speech. You can take a look here: Enjoy!
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| Posted: 03 Dec 2009 04:14 AM PST I will be starting ECB live coverage in a few minutes, at Fxstreet.com home page. See you there!
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| Posted: 03 Dec 2009 04:00 AM PST Here is majors' sentiment for today: Eur/Usd: Bullish Gbp/Usd:Slightly Bullish Usd/Chf: Bearish Usd/Jpy: Slighly Bullish Eur/Gbp: Bullish
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| Posted: 03 Dec 2009 03:53 AM PST Hi everyone, and welcome back. Things are developing as usual in market: gold keeps rising and dollar keeps falling. Quite simple right? not so, really. in one hand we have gold: different analyst around the world, are talking of 1200/ 1300/ 2000! True that because of Christmas and Chinese new Year, gold tends to rise during this time of the year, but what really takes to see gold running like this is inflation. And at this point we have any. Movements are just speculative, and as strong the rise, as strong will be the fall. After India bought 200 tons, market is speculating many central banks will be also adding gold to their reserves. Will dollar lost it’s reserve currency status? I really want to see that. Despite many countries are diversifying reserves, I don’t thing in the rest of my life time, they will have time to get rid of all the accumulated dollars. If it is going to happen, will likely be a long process. Anyway and back to today,we have ECB monetary policy meeting, and Trichet´s speech. Rates of course are expected unchanged. Will Trichet announce the beginningof the exit strategy? If so, Euro likely to extend the rally, and approach to key mid term levels. Will ECB worry if Euro keeps rising? Comments say they won’t until 1.60; besides, December is usually a positive month for the currency so, get ready. We also have Nonfarm Payrolls tomorrow, adding to the definitions first week of the month. No doubts, this will be an interesting month. I will be covering Live! the ECB meeting today. Here is the link for today's calendar: http://www.fxstreet.com/fundamental/economic-calendar/ Have a great day!
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