Friday, February 19, 2010

The Advisor Weblog

The Advisor Weblog

Greece crisis and the future of Euro

Posted: 19 Feb 2010 09:29 AM PST

Since Greece crisis hit the wires, specially since past December, Euro has lost almost 15 fulls cents against dollar. Not really something to ignore. Fxstreet.com has ask several experts to tell us what they think about this crisis, including me ;). I think  that spending sometime reading it will be highly redituable, and I will do it, no doubts. I want to always keep an open mind to others perspectives.  Here is the link to the reports. Enjoy!

http://www.fxstreet.com/fundamental/analysis-reports/the-euro-in-crisis-the-experts-view/2010-02-19.v06.html

New: Sunday weekly opening live!

Posted: 19 Feb 2010 07:54 AM PST

I will start the week with you guys: starting this Sunday, I will be covering Live, at Fxstreet.com home page, the weekly market opening!

Hope to see you all there, here you can find more info:

http://blogs.fxstreet.com/francesc/2010/02/18/weekly-markets-opening-live-coverage/

Best pair to trade now: EUR/USD

Posted: 19 Feb 2010 05:44 AM PST

Fxstreet.com is back!

Posted: 19 Feb 2010 04:20 AM PST

Servers had come back to life! page is back, thus a couple more of technical issues in the next couple of hours are not already discarded. Well, i will stay around anyway, and publish news results ASAP in here.

 

USD/JPY consoliting gains

Posted: 19 Feb 2010 04:12 AM PST

Usd/Jpy rally has remained capped just a few pips under the daily 200 SMA, usually strong dynamic resistance level, today around 92.30moving inside a small triangle, continuation figure as long as 91.60 area holds the downside, pair seems ready for some downside corrective movement. Under mentioned zone, figure must be discarded, and rally could extend to next supports in line, at 91.20/30 and then 90.80/91.00. Resistance on contrary, lie at 92.05/10, the 92.30 area, and above 92.70.

 

Gbp/Usd technical view

Posted: 19 Feb 2010 04:04 AM PST

Pound is more or less in the same conditions as  Euro: rally overextended to the downside, yet no real signs yet of an upside corrective movement. Capped under 1.5400, a corrective movement could approach to 1.5450, but at this point, seems not much more. Don’t forget we are on Friday, and later today, we can see many players taking profits of this dollar rally that will be resulting in some dollar losses across the board. Anyway, 4 hours indicators are exhausted also, but pair needs to recover the mentioned 1.5450 area, and gain volume above it to extend the rally, with next resistances at 1.5485 and 1.5520. Supports today, come at 1.5340, past Asian session low, 1.5290 and finally the 1.5240 zone.

 

EUR/USD technical perspective

Posted: 19 Feb 2010 03:56 AM PST

Eur/Usd is consolidating around the key 1.3490 area, where the 61.8% of past year rally lies. Not an easy level to break for me, yet we are still to close to discard that chance. 4 hours charts show indicators a bit exhausted to the downside, and seems we are attempting a shy upside corrective movement now, with immediate resistance at the 1.3530 area. Above it, consider resistances at 1.3570 and 1.3610. An acceleration back down under 1.3480 should send the pair back to 1.3445 low, ahead of 1.3410 support. Weekly close around those levels will advance further falls to come in the midterm.

Majors’ sentiment for today

Posted: 19 Feb 2010 02:47 AM PST

Here is majors’ sentiment for today:

Eur/Usd: Bearish

Gbp/Usd: Bearish

Usd/Chf: Bullish

Usd/Jpy: Bullish

Eur/Gbp: Bullish

Eur/Jpy: Neutral

Gbp/Jpy: Bullish

Starting the day

Posted: 19 Feb 2010 02:44 AM PST

Hi everyone and welcome back! Well, where i should start from? FED maybe right? US Central Bank shocked markets yesterday, after announcing in a press release that they decided to raise discount rate to 0.75% from 0.50% effective Friday, triggering a dollar rally across the board. This is the first rate move since December 2008, while the benchmark interest rate has been left unchanged near zero. Was  it a bit overreacted? probably. But as we always talk about, market discounts all, and market is now “sure” we are going to see really soon a hike in benchmark. Europe, under current conditions, can’t even think about that, that’s why Euro is probably the most suffering currency along with Pound with this news. In the U.K., a surprise news yesterday showing that the Government borrowed £4.3 billion last month, weight on the currency, as such a red in January was not seen in the last 15 years.Early data in early Europe come mixed, not encouraging at all for the Euro zone at all. We have inflation reading later today in the U.S., so here is the calendar, while I prepare the technical perspective for today!

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

Have a great day! 

 
Posted by at 5:46 PM

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