Thursday, January 28, 2010

The Advisor Weblog

The Advisor Weblog

First brokers, now traders fighting the CFTC

Posted: 28 Jan 2010 07:44 AM PST

A good friend of Fxstreet.com and one of the most professional traders I had the pleasure to meet during the ITC in Barcelona past 2009, Mr. Andrei Pehar, has  launched a new site at www.TradersAlliance.org with the aim to make it “a central place for disseminating new information as is become available, coordinating both our platform and our actions (much like the Commission does for dealers), and eventually maintaining a database of good and bad brokers and service providers to do business with. This, I believe, is the way to a safer market for everyone - not restrictions on how we can trade or whom we can do business with and under what circumstances”, in Andrei’s words.

Folks, let me tell you, I’m with him. I don’t like anyone to tell me what I can or cannot do with my money. ( In fact, I don’t like anyone telling me what I can or cannot do.. I’m big enough, supported myself since I was 18, and being 40 I just tolerate “orders” from mom ;) )

Anyway! I already joined the group. Let’s tell the “land of freedom and opportunities” rulers what we think!

Stocks sinking dollar running

Posted: 28 Jan 2010 07:31 AM PST

U.S. stocks are falling hard as well as gold testinf 1085 zone. Dollar and yen regained the upside, with EUR/USD ready to test intraday low at 1.3930 aiming for lower levels. Pound despite the long fight, was unable to break above 1.6250 area, and lost 100 pips in a bit more than an hour. USD/JPY seems to be next in line: if the pair lost the 89.70/80 area, rally could extend quickly down.

U.S. data

Posted: 28 Jan 2010 05:34 AM PST

Durable Orders come out better than previous month, at 0.3% yet under 2.1% expected, while past month was revised to the downside. Core durable Orders come out above expectations at 0.9% while unemployment claims printed 470K for past week. Stocks are down, risk aversion come back, and dollar and yen are up in this first minutes.

 

Best pair to trade now:GBP/USD

Posted: 28 Jan 2010 05:09 AM PST

EUR/USD fighting 1.4000

Posted: 28 Jan 2010 04:29 AM PST

Eur/Usd has reached the 1.3930 area before retreating to current levels, but has no aims to regain the upside, and in general pair remains bearish. Under 1.3980, seems likely the pair will try to retest today’s low, around 1.3930, ahead of the 1.3900 area. Resistances come at 1.4030, 1.4065 and 1.4110 area.

 

Fed Interest Rates decision

Posted: 28 Jan 2010 03:52 AM PST

Majors’ sentiment for today

Posted: 28 Jan 2010 03:26 AM PST

Here is majors’ sentiment for today:Eur/Usd: Bearish

Gbp/Usd: Bullish

Usd/Chf: Bullish

Usd/Jpy: Slightly Bullish

Eur/Gbp: Bearish

Eur/Jpy: Bearish

Gbp/Jpy: Bullish

Starting the day

Posted: 28 Jan 2010 03:23 AM PST

Hi everyone and welcome back! after last FOMC statement showing Kansas City Fed President Thomas Hoenig voted against leaving short-term interest rates at ultra-low levels, first time in over a year decision is not unanimous, dollar gained the upside and keeps the good tone against Euro and Swissy, both at fresh multi weeks low; commodity currencies however, as well as Pound are bullish today, with GBP/USD testing again the 1.6250 area. Pound strength come with London strong opening, and despite stocks are losing aims, pair keeps hovering around the zone. I will take a look at charts now, and start publishing the technical points. We have a bunch of reports in the U.S. so, here is the link for today’s calendar:

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

Have a great day! 
Posted by at 5:17 PM

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