Wednesday, December 30, 2009

The Advisor Weblog

The Advisor Weblog

PMI above expectations

Posted: 30 Dec 2009 06:50 AM PST

Chicago PMI print a 60.0, far above expectations and past month reading. Dollar is slightly up, yet not strong reactions in market yet, thus dollar is slightly up across the board, while gold keeps falling.

Majors’ hourly perspective before Chicago PMI

Posted: 30 Dec 2009 06:44 AM PST

My conection seems to also decided to take vacations today, everything is in slowmo here… Anyway! report is almost here. Mean time, here is the majors’ hourly perspective for U.S. session:

http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2009-12-30.html

Best pair to trade now:EUR/USD

Posted: 30 Dec 2009 04:59 AM PST

Majors’ sentiment for today

Posted: 30 Dec 2009 03:40 AM PST

Here is majors’ sentiment for today:

Eur/Usd:Slightly Bearish

Gbp/Usd:  Bearish

Usd/Chf: Slightly Bullish

Usd/Jpy: Bullish

Eur/Gbp: Neutral

Eur/Jpy: Slightly Bullish

Gbp/Jpy: Slightly Bearish

Starting the day

Posted: 30 Dec 2009 03:31 AM PST

Hi everyone and welcome back! As comment yesterday on the Live Wrap up Webinar, market is more than quiet, pre Year End holidays, yet greenback remains on favor across the board. Commodity currencies extend their fall while Pound and Yen are right now testing this month lows against greenback. Euro and Swiss Franc are also down, yet far from the lows of last week, after some disappointing data early Europe; in general, dollar remains in favor, away form yesterday’s pressure. Gold is also down, approaching to $ 1090/oz, giving dollar further support. Later today, we have the Chicago PMI, that if comes positive, could also support dollar rises. Anyway, remember thin volume tends to exacerbate movements. Here is the link for today's calendar:

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

Have a great day!
Posted by at 6:07 PM

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