The Advisor Weblog |
- Hourly perspective for majors’
- EUR/USD fresh weekly low
- Majors’ sentiment for today
- Starting a lazy day
| Hourly perspective for majors’ Posted: 08 Dec 2009 07:25 AM PST After the an educational webinar, here I’m again! This is the daily technical perspective for major crosses.
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| Posted: 08 Dec 2009 05:48 AM PST EUR/USD has just printed a fresh weekly low at 1.4726, approaching to one of two majors supports we have ahead: first, the 1.4680/1.4700 area, full of daily lows from past October; if we break that, 1.4620, 61.8% retracement of the monthly fall 1.6038/1.2330, also past November low. A daily close under that level or even better a weekly one, will suggest pair has topped at the 1.5140 zone, and trigger more midterm bearish trend. From current level, resistances lie at 1.4780, 1.4820 and 1.4860 zone.
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| Posted: 08 Dec 2009 05:34 AM PST Here is majors' sentiment for today: Eur/Usd: Bearish Gbp/Usd: Bearish Usd/Chf: Bullish Usd/Jpy: Bearish Eur/Gbp: Slightly Bearish
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| Posted: 08 Dec 2009 05:18 AM PST Hi everyone and welcome! Holiday in most Latin countries, a catholic celebration, VirginMary’s day, today is the day that Christmas starts. We will decorate the house, prepare the tree, and get ready for Santa. My girls are really young so, they are excited, and so do I as their emotion is mine. Anyway, nobody went to school, and the streets are silent, as nobody works here today. I don’t remember last time I took a day off, Holiday or not! but today, I’m a bit lazy with this. Deep thoughts will have to wait for a better day! But what I can tell you right now, is that stocks are down in Europe and America, and despite gold quotes around yesterday U.S. close of 1150, dollar and yen are up across the board. GBP/USD has triggered and accomplished yesterday my less likely rally, the bullish one; now, is triggering the bearish one, falling after worst than expected manufacturing and industrial reports. EUR/USD is barely above this week low, seems pair is ready for another run lower. We have rates in Canada today, and I do expect a dovish speech there, that could favor more risk aversion and dollar gains. Let’s see what happens! Here is the link for today’s calendar: http://www.fxstreet.com/fundamental/economic-calendar/ Have a great day!
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