Tuesday, December 22, 2009

The Advisor Weblog

The Advisor Weblog

Best pair to trade in Asia: GBP/USD

Posted: 22 Dec 2009 03:55 PM PST

I will keep with this report till Wednesday European session, but interrupt it ahead of holidays, and come back on Sunday Asian session; anyway, here is my choice till next one! Enjoy.

http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2009-12-22.v02.html

Majors’ hourly prespective for Asian session

Posted: 22 Dec 2009 03:30 PM PST

Ahead of a Japan holiday, here is the majors’ hourly perspective for next session:

http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2009-12-22.v02.html

After data

Posted: 22 Dec 2009 07:08 AM PST

Existing Home sales come out much better than expected, at 6.54M while the Richmond index print a negative reading of -4 against a 4 expected. Dollar spiked higher yet seems to be retreaing a bit. Anyway, stocks in the U.S. remain quite positive, and gold just 1 dollar above daily low. Watch for the metal movements, and see if we could break lower there to see firther dallt strength. Give the “noise” a couple of 15 minutes candles

After U.S. GDP

Posted: 22 Dec 2009 06:57 AM PST

Worse than expected GDP triggered some dollar bearish rally that did not hold. U.S. stocks are up while Gold is unable to regain the 1090 area, and keeps pushing lower. Pound is losing the 1.6000 level, needs to break under 1.5970 lows to accelerate to the downside, while USD/JPY approaches to the daily high, ready to hit the 92.00 level.

EUR/USD lost upside momentum, and is back under 1.4300. Pair likely to accelerate to the downside is we lost past week lows area, around 1.4260, while USD/CHF hold  above 1.0440 support: above 1.0510 pair should run higher to test key 1.0550 level, weekly lows before past months break to parity.

Thin volume remains in market as we wait for Richmond Manufacturing index and Existing Home Sales in a couple of minutes in the U.S. expected positive. A good reading could trigger the dollar continuation rallyes mentioned above.

U.S. GDP Live coverage

Posted: 22 Dec 2009 04:45 AM PST

I will be covering live U.S. GDP at Fxstreet.com home page, starting in a few minutes.

See you there!

Best pair to trade now: EUR/USD

Posted: 22 Dec 2009 04:41 AM PST

Majors’ sentiment for today

Posted: 22 Dec 2009 03:22 AM PST

Here is majors’ sentiment for today:

Eur/Usd: Slightly Bearish

Gbp/Usd: Bearish

Usd/Chf: Bullish

Usd/Jpy: Bullish

Eur/Gbp: Slightly Bullish

Starting the day

Posted: 22 Dec 2009 03:20 AM PST

Hi everyone and welcome back! quiet session since Asian opening, holding dollar strength. Stocks are positive across the world, while gold remains under $ 1100/oz. Euro is slightly positive against major rivals, despite German GFK consumer confidence survey came out negative, and Swiss Franc is losing momentum, back down against dollar and euro. I would like to see USD/CHF above 1.0510 to trigger some upside rally and that be reflected on euro back under 1.4300 against dollar. In general majors are in slow motion, but well, is what we could expect for this and next week. Here is the link for today's calendar:

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

Have a great day!
Posted by at 5:23 PM

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