The Advisor Weblog

Hourly perspective ahead of US Payrolls
Best pair to trade now: EUR/USD
Majors’ sentiment for today
BoE and ECB Interest Rates Decision Live Coverage
Starting the day

Hourly perspective ahead of US Payrolls

Posted: 05 Mar 2010 05:14 AM PST

Here is the hourly perspective updated, before Payrolls. I’m about to start the live coverage.

http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2010-03-05.v02.html

Best pair to trade now: EUR/USD

Posted: 05 Mar 2010 04:06 AM PST

Here is my choice for today:

http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2010-03-05.v02.html

Majors’ sentiment for today

Posted: 05 Mar 2010 04:05 AM PST

Here is majors’ sentiment for today:

Eur/Usd: Bearish

Gbp/Usd: Slightly Bullish

Usd/Chf: Slightly Bullish

Usd/Jpy: Bullish

Eur/Gbp: Slightly Bullish

Eur/Jpy: Slightly Bullish

Gbp/Jpy: Neutral

BoE and ECB Interest Rates Decision Live Coverage

Posted: 05 Mar 2010 02:57 AM PST

<a href="http://www.coveritlive.com/mobile.php/option=com_mobile/task=viewaltcast/altcast_code=62e0a484c7">BoE and ECB Interest Rates Decision Live Coverage with Valeria Bednarik</a>

Starting the day

Posted: 05 Mar 2010 02:13 AM PST

Hi everyone, and welcome back! Quiet morning after an also mostly quiet Asian session, as markets wait for US employment data. Dollar has a slightly positive tone against Euro that remains under pressure after Moody’s Investor Service, Inc., downgraded Deutsche Bank AG, highlighting continuing fiscal concerns in the euro zone yesterday Americanafternoon. Also against Japanese Yen, as BOJ increase its intervention supplies (not actually doing nothing else than that) by Y5 Trillion was more than enough to halt, at least temporarily, the appreciation in their currency. Pound remains fighting to hold above the 1.5000 level so hardly regained, while commodity currencies hold the bullish tone of these last days.

Anyway, you must know Payrolls: will mess up with many technical analysis and previews. Unemployment rate in the US is expected at 9.8% from 9.7% previous month, while the total job loses is expected around 56K compared to “just” 20K in December.

I will take a look at the bigger picture and start posting in a couple of minutes. Here is the link for today’s calendar:

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

Have a great day!