The Advisor Weblog |
- Best pair to trade now: EUR/USD
- Hourly perspective for US session
- Best pair to trade now: AUD/USD
- Gbp/Usd testing 1.5000 after data
- Majors’ sentiment for today
- Starting the day
| Best pair to trade now: EUR/USD Posted: 23 Mar 2010 08:12 AM PDT Here is my second choice for today: http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2010-03-23.v03.html
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| Hourly perspective for US session Posted: 23 Mar 2010 06:40 AM PDT Here is the hourly perspective updated for the US session:
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| Best pair to trade now: AUD/USD Posted: 23 Mar 2010 04:32 AM PDT Here is my first choice for today: http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2010-03-23.v02.html
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| Gbp/Usd testing 1.5000 after data Posted: 23 Mar 2010 02:39 AM PDT Pound is extending its’ fall against dollar after first bunch of data, showing lower than expected inflation readings on yearly basis; BBA Mortgage approvals rose however, reaching 35.3K against 35.1K past month; GBP/USD tested 1.5000 after the data, and technically speaking 4 hours charts support a bearish continuation with 20 SMA gaining bearish slope above current price and indicators suggesting past bullish rally is complete. Still pair needs to confirm a direction for next hours; Daily low is 1.4993, so under that level, I would expect the pair to test 1.4970 support, ahead of 1.4920; resistances for today lie at 1.5050 area, 1.5085 and 1.5120 zone.
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| Posted: 23 Mar 2010 02:28 AM PDT Here is majors’ sentiment for today: Eur/Usd: Slightly Bearish Gbp/Usd:Slightly Bearish Usd/Chf: Neutral Usd/Jpy: Slightly Bullish Eur/Gbp: Slightly Bullish Eur/Jpy: Neutral Gbp/Jpy: Neutral
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| Posted: 23 Mar 2010 02:12 AM PDT Hi everyone, and welcome back! Despite yesterday’s rally in Europeans against dollar, rallies failed to extend in Asia, with majors again losing ground against greenback. I’m not seeing Greece debt issues resolution, but in fact more and more trouble there: if the Greek Finance minister has to state that they are waiting for an “European” solution, yet they are not going to the EU summit as beggars, well, I can feel the tension 1 million miles away you know? They want EU to help ‘em, but what if they don’t? Greece will run for aid to MFI? I’m considering that really. And that will only pressure Euro more. Early today in Switzerland, Swiss National Bank President Philipp Hildebrand said the central bank is ready to act “decisively” if needed to counter any “excessive” gain by the Swiss franc against the euro. Eur/Chf remains barely above the all times low printed yesterday, let’s see how traders understood the news. In 15 minutes, we have inflation, sales and mortgages reading in the UK, so let’s take a look at Pound after that. Here is the link for today’s calendar: http://www.fxstreet.com/fundamental/economic-calendar/ Have a great day!
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