Monday, March 1, 2010

The Advisor Weblog

The Advisor Weblog

Best pair to trade now II: USD/JPY

Posted: 01 Mar 2010 06:38 AM PST

Hourly majors’ perspective for US session

Posted: 01 Mar 2010 06:35 AM PST

GBP/USD bottomed at 1.4780, downside still vulnerable

Posted: 01 Mar 2010 04:30 AM PST

Pound extended the fall, having bottomed at the 1.4780 area, and rebounding to find resistance at the 1.4910 area. Overextended in the 4 hours charts, pair could extend the upside corrective movement above mentioned 1.4910 area, to 1.4960 first, and 1.5000 later. On contrary, a break under 1.4830 area, should send pair back to test mentioned 1.4780 lows area, ahead of 1.4735 support.

Best pair to trade now: EUR/USD

Posted: 01 Mar 2010 04:14 AM PST

Majors’ sentiment for today

Posted: 01 Mar 2010 02:31 AM PST

Here is majors’ sentiment for today:

Eur/Usd: Neutral

Gbp/Usd: Bearish

Usd/Chf: Neutral

Usd/Jpy: Slightly Bullish

Eur/Gbp: Bullish

Eur/Jpy: Slightly Bullish

Gbp/Jpy: Bearish

Starting the day

Posted: 01 Mar 2010 02:26 AM PST

Hi everyone and welcome back. As usually later, Monday bring nothing new to market, but some choppy range, and a  lack of definitions: majors are extending past Friday rally against dollar, in a very shy movement, with gold testing the 1120 area, and Pound being an exception: rumors of a hung in Parliament are keeping GBP under strong selling pressure, along with the fact that BOE supported more QE for the months to come, a way of confirming they prefer a weaker currency to reactivate their economy sooner. As commented past week in the GBP/USD long and short term view, rally seems ready to extend there (  http://blogs.fxstreet.com/advisor/2010/02/25/gbpusd-long-termshort-term-perspective/ ). Anyway, i will take a look at the short term and post what I see. Here is the link for today’s calendar:

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

Have a great day! 
Posted by at 5:49 PM

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