Friday, December 11, 2009

The Advisor Weblog

The Advisor Weblog

Some personal stuff

Posted: 11 Dec 2009 07:07 AM PST

He does not speaks English. He does not understand how Internet works, and how I work or what I do. But he is always right besides me, supporting me. He goes daily to my girls’ school to pick them up, so I can write reports, and blog news. He even prepare dinner some times, when I’m at the Daily Wrap up Webinar. So, sorry for interrupting the forex but today is quite a special day: my fathers’ birthday!

HAPPY BIRTHAY DAD!!!

Majors’ hourly perspective

Posted: 11 Dec 2009 06:35 AM PST

Here is the hourly perspective for majors, pre U.S. opening.

http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2009-12-11.html

Gold keeps falling and dollar running higher.. seems EUR/USD is ready to test 1.4620 Fibonacci zone. Pay extra attention to the pair behaviour at that level.

After U.S. Retail Sales

Posted: 11 Dec 2009 05:34 AM PST

Finally U.S. Retail Sales come out much better than expected, printing a 1.3% increase against a 0.6% expected while Core Retail Sales come out at 1.2% against 0.2% previous month, and 0.5% expected. The much better than expected reading send gold down stocks up and dollar quickly higher against major rivals in a first spike. Let’s see if it manages to hold for at least 2 15 minutes candles.

Waiting for U.S. Retail Sales

Posted: 11 Dec 2009 05:05 AM PST

Market remains almost static, as seems everyone is waiting for the U.S. Retail Sales report, due in 30 minutes. Later, University of Michigan Consumer Sentiment will also hit the wires. Anyway, dollar is slightly bearish across the board, and I am wondering if a better than expected reading, will favor stocks up = risk appetite up = dollar down, or on contrary, favor dollar rises despite whatever stocks do, as a good number could be undestood as a good chance for FED hiking interest rates sooner than expected. We will now in a short while!

Best pair to trade now: EUR/JPY

Posted: 11 Dec 2009 04:52 AM PST

Usd/Jpy back to 89.00

Posted: 11 Dec 2009 04:21 AM PST

Pair has regained the upside during past Asian session, yet entered back in a consolidation stage just under 89.00. Indicators don’t show a upside strength, and more likely a retest of the 88.50/60 support area, before further definitions. Under that level, next supports come at 88.10 and 87.80. Clear break above 89.00, will find resistances at 89.40 and the 89.80 zone.

EUR/USD slightly up

Posted: 11 Dec 2009 04:05 AM PST

Pair break above the descendant trend line of the triangle, and quotes above 20 SMA; indicators are slightly bullish, yet generally pair remains mostly flat. Triangle, as a continuation figure, is not valid anymore. Anyway, pair needs to break and accelerate above 1.4780 past Wednesday high to regain some upside strength, and test the 1.4830 zone, ahead of 1.4890 and 1.4900. To the downside, supports lie at 1.4720, 1.4680 and 1.4620.

Majors’ sentiment for today

Posted: 11 Dec 2009 03:11 AM PST

Here is majors' sentiment for today:

Eur/Usd: Slightly Bullish

Gbp/Usd: Slightly Bullish

Usd/Chf: Neutral

Usd/Jpy: Slightly Bullish

Eur/Gbp: Bullish

Starting the day

Posted: 11 Dec 2009 03:08 AM PST

Hi everyone and welcome back! Not much from the Asian session, but a timid spike in risk appetite, after better than expected news in China, that supports global economic recovery, and of course, in gold, that did not manage to end the day under mentioned 1126 level, and quotes now above 1141. Dollar is slightly down across the board, and so do yen, yet European majors remain inside these past days range. Commodity currencies remain quiet strong against dollar, but I do believe today, U.S. Retail Sales will define the rest of the day in a couple of hours. Dollar reaction to the news, compared to stocks and gold will gave as some idea if the correlation remains the same, or things are changing after past Fridays’ U.S. employment data. I will start checking chrats and see what we have there today. Here is the link for today's calendar:

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

Have a great day!

 
Posted by at 5:07 PM

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