The Advisor Weblog |
- Hourly majors’ perspective
- Best pair to trade now: GBP/USD
- CFTC new proposal and it’s consequences
- Majors’ sentiment for today
- Dollar day, China again
Posted: 20 Jan 2010 06:47 AM PST Here is the hourly major’s perspective updated: |
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: Post your questions here! I will moderate the room, and be ready to make them all! |
Posted: 20 Jan 2010 04:51 AM PST |
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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