Wednesday, January 20, 2010

The Advisor Weblog

The Advisor Weblog


Hourly majors’ perspective

Posted: 20 Jan 2010 06:47 AM PST

Best pair to trade now: GBP/USD

Posted: 20 Jan 2010 05:35 AM PST

I’m still choosing Pound in this session, here you can see why:

http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2010-01-20.v02.html


CFTC new proposal and it’s consequences

Posted: 20 Jan 2010 05:02 AM PST

Fxstreet.com has decided to made a special live coverage of CTFC new proposal and it’s consequences, explained by traders, lawyers, and a representing of the U.S. brokers community.

It will take place tomorrow, Thursday 21st, at 14:00 GMT - 09:00 EST, right from FXstreet.com homepage, and here is the link to Mr. Francesc Rivarola, Fxstreet.com CEO, where you can see all the info:

http://blogs.fxstreet.com/francesc/2010/01/20/live-coverage-open-discussion-about-the-cftc-101-leverage-proposal/

Post your questions here! I will moderate the room, and be ready to make them all!


Majors’ sentiment for today

Posted: 20 Jan 2010 04:51 AM PST

Here is majors’ sentiment for today:

Eur/Usd: Bearish

Gbp/Usd: Bearish

Usd/Chf: Bullish

Usd/Jpy:Neutral

Eur/Gbp: Bearish

Eur/Jpy: Bearish

Gbp/Jpy: Bearish


Dollar day, China again

Posted: 20 Jan 2010 04:40 AM PST

Hi everyone and welcome back! When I recount thinks that could affect a change a trend, I always talk about rates and U.S. Payrolls. I always forget about China. China has always had the power to affect greenback, due to the billions of trillions dollar they have in reserve, and the fact that Yuan is pegged to dollar.

Fears that China will curb bank lending and slow its economic recovery is spoiling risk appetite, leaving the dollar higher across the board, after the China Banking Regulatory Commission said it hasn’t “specifically” told banks to suspend lending in January, but a report that it had asked several banks to stop issuing loans helped to send equity markets tumbling.

Stocks are down across the board, gold and oil are losing ground, and dollar has break some interesting points I will post in a few minutes. Besides data, a lot of fundamental data will hit market today, so here is the link for today’s calendar:

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

Have a great day!


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