Monday, December 28, 2009

The Advisor Weblog

The Advisor Weblog

Majors’ hourly perspective

Posted: 28 Dec 2009 06:57 AM PST

With U.S. opening, dollar is slightly up, while gold slightly down, still nothing serious, as forex volume remains more than thin. Anyway, here is the majors’ hourly perspective for this session:

http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2009-12-28.html

Keep an eye on EUR/CHF

Posted: 28 Dec 2009 05:59 AM PST

EUR/CHF is extending the downside, quoting at a 9 months low of 1.4877. Daily charts show rally overextended to the downside, yet trend remains bearish there. Just remember the intervention movements the past 3 months, had took place the last trading day of the month. That means maybe tomorrow, or next Wednesday, we could see some interesting jump here, during European session. Resistances lie at 1.4920, 1.4970 adn the 1.5010 level, while supports, if we lost 1.4870, lie at the 1.4830 and then 1.4760 area.

 

Also, I’m reading some rumors of last-minute repatriation by U.S. firms before year-end, that could favor greenback after Wall Street opening, that could favor some dollar rises.

 

Best pair to trade now: USD/CAD

Posted: 28 Dec 2009 05:04 AM PST

Majors’ sentiment for today

Posted: 28 Dec 2009 03:24 AM PST

Here is majors’ sentiment for today:

Eur/Usd: Slightly Bullish

Gbp/Usd: Slightly Bullish

Usd/Chf: Slightly Bearish

Usd/Jpy: Neutral

Eur/Gbp: Slightly Bullish

Starting the day

Posted: 28 Dec 2009 03:22 AM PST

Hi everyone, and welcome to this slowmo Monday. Holiday’s spreads in markets, and with New Zealand and Australia closed in Asia, and now with no markets in the U.K. and Canada, seems not much we have to comment. Dollar is slightly down across the board, after gold rose to the $ 1110 area, where the metal remains stable. Oil also is slightly up approaching to the $ 80 a barrel zone, thus chances of oil to extend the upside are much less than gold ones.

Anyway, EUR/USD is moving just under 1.4400, and slightly bullish in the short term, while GBP/USD holds under 1.6000. Time for studying and reading more than trading this week. Let’s see what we could expect for U.S. session, and if Wall Street opening later today brings some action. No macro reports due today.

Have a great day!
Posted by at 5:41 PM

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)