The Advisor Weblog |
- U.S. Housing report
- Hourly perspective ahead of U.S. Home Sales
- Best pair to trade now: GBP/USD
- Eur/Usd chart and points
- Majors’ sentiment for today
- Starting the day
| Posted: 25 Jan 2010 07:08 AM PST U.S. data come worse than expected, falling 16.7%, to 5.45M and risk aversion returns to market: dollar is higher across the board, with yen as the main winner. Watch for U.S. indexes to break under past Friday’s low: that could accelerate the movement even further.
   |
| Hourly perspective ahead of U.S. Home Sales Posted: 25 Jan 2010 06:46 AM PST Here is the hourly perspective for this session:
 |
| Best pair to trade now: GBP/USD Posted: 25 Jan 2010 05:10 AM PST Here is my choice for today: http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2010-01-25.v02.html
 |
| Posted: 25 Jan 2010 04:03 AM PST Eur/Usd 4 hours chart show pair is gaining some upside momentum, supported by indicators, and the ascendant channel the pair is moving in; having approached to 1.4200 a couple of times, yet still under that level, that zone will be our first resistance level to consider, ahead of 1.4230 area, roof of the channel. Supports lie very close of each other, as we have 1.4140 floor of the channel and 1.4120 38.”5 retracement of daily rally, so we need the pair under this last, to confirm an intraday trend reversal.
 |
| Posted: 25 Jan 2010 02:51 AM PST Here is majors’ sentiment for today: Eur/Usd: Slightly Bullish Gbp/Usd: Slightly Bullish Usd/Chf: Bearish Usd/Jpy: Slightly Bullish Eur/Gbp: Neutral Eur/Jpy: Bullish Gbp/Jpy: Bullish
 |
| Posted: 25 Jan 2010 02:46 AM PST Hi everyone and welcome back! After a quiet Asian session, with risk aversion still around, European morning found traders a bit more confidence, as local stocks market are slightly positive, while oil and gold are rising too, with dollar slightly down across the board. Nothing impressive at this point, yet the best risk thermometer could be USD/JPY: back above 90.00, capped under key 90.40 area, there is where risk will show first I do believe; quiet morning also from the fundamental side, we are more than 4 hours away from single interesting report of the day: U.S. Existing Home Sales expected to the downside; here is the link for today’s calendar, I will start reading charts: http://www.fxstreet.com/fundamental/economic-calendar/ Have a great day!
 |
| You are subscribed to email updates from The Advisor Weblog To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google Inc., 20 West Kinzie, Chicago IL USA 60610 | |
No comments:
Post a Comment