The Advisor Weblog |
- Market on hold till FOMC
- Hourly perspective for U.S. session
- Levels to watch for majors
- Best pair to trade now:EUR/JPY
- Gbp/Usd, again approaching to 1.6250
- Eur/Usd, technical points
- Majors’ sentiment for today
- Starting the day
| Posted: 27 Jan 2010 09:03 AM PST Majors are stuck in ranges waiting for the FOMC. I will be covering live the event in around 2 hours, at the Fxstreet.com page, so hope to see you there!
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| Hourly perspective for U.S. session Posted: 27 Jan 2010 06:51 AM PST Here are the pairs updated wih charts:
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| Posted: 27 Jan 2010 06:04 AM PST These are the key levels to watch for majors: EUR/USD 1.4120 1.4025 GBP/USD: 1.6250 1.6160 USD/CHF: 1.0500 1.0440 USD/JPY: 89.80 89.10 AUD/USD: 0.9030 0.8940 USD/CAD: 1.0660 1.0600
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| Best pair to trade now:EUR/JPY Posted: 27 Jan 2010 05:21 AM PST Here is my choice for today: http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2010-01-27.v02.html
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| Gbp/Usd, again approaching to 1.6250 Posted: 27 Jan 2010 04:22 AM PST Pound keeps gaining ground despite the advanced Retail Sales data that printed a -8 from 13 past month. GBP/USD is approaching quickly to key resistance area, around 1.6240/60, that has just been halting rallies one way and the other. However, with 4 hours charts indicators strongly bullish, seems pair will attempt to break higher. We will need some confirmations here, maybe a candle opening, or a strong acceleration, yet above mentioned levels, pair should quickly approach to 1.6300/10 ahead of 1.6360 area. Supports today, lie at 1.6200, 1.6160 and 1.6110.
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| Posted: 27 Jan 2010 03:42 AM PST As you can see on this daily chart, Eur/Usd seems to be comfortably bearish, staying under the fibo level, with the 20 SMA crossing the 200 EMA, and printing lower lows on daily basis. Indicators also support further falls, and 1.4020 is our key support for next hours: under that zone, I would expect the pair to extend the downside to the 1.3970 area, and then close to 1.3930. For today, resistances comes as yesterday at the 1.4120 and 1.4150 area first, and I don’t see the pair breaking that at least, before FOMC. Let’s see what Bernanke has to say, later today.
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| Posted: 27 Jan 2010 03:14 AM PST Here is majors’ sentiment for today: Eur/Usd: Slightly Bearish Gbp/Usd: Bullish Usd/Chf: Slightly Bullish Usd/Jpy: Bearish Eur/Gbp: Bearish Eur/Jpy: Bearish Gbp/Jpy: Bearish
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| Posted: 27 Jan 2010 03:12 AM PST Hi everyone, and welcome. Growth concerns about global economy keep helping dollar and yen this European morning, as both safe haven rose from Asia opening levels, except against Pound that is recovering strongly due to comments from a BoE’s Monetary policy committee member Andrew Sentance affirmed that several indicators suggest that UK economy might have grown in the 4Q at a faster pace than the 0.1% preliminary estimation released yesterday. A few minutes ago, the CBI Realized Sales come out really negative for the U.K., but seems Pound did not hear the news. We are going to live a probable quiet and choppy session, ahead of FOMC statement later today. Here is the calendar link: http://www.fxstreet.com/fundamental/economic-calendar/ Have a great day!
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