Thursday, March 25, 2010

The Advisor Weblog

The Advisor Weblog

Majors’ update for the US session

Posted: 25 Mar 2010 06:54 AM PDT

Here are the majors’ update: Seems dollar will extend it’s rally following multimonths highs in Wall Street. My personal opinion? this is going too far, too fast.. FED’s will keep rates lows for an extended period, just said that again…but market not always “make sense”.

http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2010-03-25.html

GBP/USD losing momentum

Posted: 25 Mar 2010 05:31 AM PDT

Pair reached the 1.5020 static resistance area, where also 20 SMA capped the upside rally, and we are back testing 1.4910/20 congestion zone. Indicators lost momentum and turned bearish as seen on 4 hours charts,  so an acceleration under that area, could send pair lower, with next supports at 1.4850/60 and 1.4810. Resistances from here come at 1.4970 and 1.5020.

Best pair to trade now:EUR/USD

Posted: 25 Mar 2010 04:59 AM PDT

Majors’ sentiment for today

Posted: 25 Mar 2010 04:29 AM PDT

Majors’ sentiment for today:

Eur/Usd: Neutral

Gbp/Usd: Slightly Bullish

Usd/Chf: Slightly Bearish

Usd/Jpy: Bullish

Eur/Gbp: Bearish

Eur/Jpy: Bullish

Gbp/Jpy: Bullish

Starting the day

Posted: 25 Mar 2010 04:22 AM PDT

Hi everyone, and welcome back! Some consolidation in Asian, with some corrections in Europe, found majors close to past  American session closing levels, and part of this calm i imagine, comes from the summit meeting of European Union leaders starting in Brussels. Let’s see if they manage to get to an agreement and gave Euro some support, as things seem to have gone a bit to far at this point. In general, dollar remains strong against major rivals except for Aud and Cad, that regained most of the ground lost yesterday. Here is the link for today’s calendar:

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

Have a great day! 

 

 
Posted by at 6:24 PM

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