The Advisor Weblog |
- Majors’ hourly perspective
- Best pair to trade now: AUD/USD
- Gold and Fibonacci
- Majors’ sentiment for today
- Starting the day
| Posted: 16 Dec 2009 06:31 AM PST Here is the majors’ hourly perspective for U.S. session for majors:
   |
| Best pair to trade now: AUD/USD Posted: 16 Dec 2009 05:17 AM PST Euro has not made my expected rally yesterday, hope today’s choice does better. Here it is: http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2009-12-16.html
 |
| Posted: 16 Dec 2009 04:49 AM PST Gold up on the daily chart, after almost reaching the 61.8% retracement of the daily rally 1026/1226, (it missed it by 8 dollars or so) suggest the metal has been correcting and so do greenback. 1150 will be key, as is the 38.2% retracement of the same rally. A daily close above it, could made past days’ dollar recovery tumble.
 |
| Posted: 16 Dec 2009 03:34 AM PST Here is majors' sentiment for today: Eur/Usd: Slightly Bullish Gbp/Usd: Bullish Usd/Chf: Slightly Bearish Usd/Jpy: Neutral Eur/Gbp: Bearish
 |
| Posted: 16 Dec 2009 03:29 AM PST Hi everyoned, and welcome back! Ok, today we do actually have FOMC decision later in the U.S. session, and I will be covering it live! at Fxstreet.com home page. Overall, global sentiment remains positive, with Euro slightly up against dollar after strong PMI readings in German and the euro zone, while Pound rose on better than expected employment data, thus remain stuck in past days’ range; just pushing the upside instead of the downside of that range, so pay attention there to the 1.6380 level. Japanese yen is unchanged from yesterdays’ close, while Australian dollar fell sharply after news that show growth in the Q3 was not as strong as anticipated. Gold is slightly up, at the 1133 area. However, majors are waiting for the FED statement. After past news, market players are waiting for some hawkish comments today helping greenback to regain the upside. The words “extremely low, for an extended period” should at least be removed to trigger such sentiment in market. There is no need for the FED to announce the when. just remove that sentence from their statement. Anyway, we have some first line news before the FOMC, so here is the link for today’s calendar: http://www.fxstreet.com/fundamental/economic-calendar/Have a great day!
 |
| You are subscribed to email updates from The Advisor Weblog To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google Inc., 20 West Kinzie, Chicago IL USA 60610 | |
No comments:
Post a Comment