Friday, April 30, 2010

The Advisor Weblog

The Advisor Weblog

Hourly perspective for majors

Posted: 30 Apr 2010 07:07 AM PDT

I’ve been in the GDP live coverage, that’s why I’m a bit late here. If someone was there, I really hope that catched aussie rally ;) . Here is the hourly perspective updated!

http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2010-04-30.v02.html

Eur/Usd, technical perspective

Posted: 30 Apr 2010 04:25 AM PDT

Eur/Usd corrective movement is extending in this European morning, with pair above a descendant trend line clear in 4 hours charts. Current candle opened above it, and completed a pullback, yet prices remain above; indocators are also bullish, despite losing some strength, so watch the session high: pair could keep pushing higher above 1.3340 resistance area, with next levels to watch at 1.3385 and 1.3410/20 zone. Supports come at 1.3285, the trend line, also static area, ahead of 1.3230 and 1.3180.

We are having a bullish day in here, thus general longer term perspective remains pretty short for poor Euro: I don’t really believe bailouts  and budget cuts (Greece agreeed yesterday another 24B cut) wull save the day; wil take long to see an economic recovery, a real one in the Euro zone, so general sentiment still remains intact.

Best pair to trade now: GBP/USD

Posted: 30 Apr 2010 04:14 AM PDT

Majors’ sentiment for today

Posted: 30 Apr 2010 03:41 AM PDT

Majors’ sentiment for today:

Eur/Usd: Slightly Bullish

Gbp/Usd: Bullish

Usd/Chf: Bearish

Usd/Jpy:Bearish

Eur/Gbp: Bullish

Eur/Jpy: Bullish

Gbp/Jpy:  Bullish

Starting the day

Posted: 30 Apr 2010 03:39 AM PDT

Hi everyone and welcome back! Market feel a bit more confidence today, and euro and pound are extending yesterday’s wins against greenback, while yen crosses are strongly up as we comment past Asian session Live Wrap up webinar; don’t forget this also could be end of month profit taking, and just short term movements, that at least for Euro, and far from a trend change. Aussie rose but as also we comment here and there these days, sells are still there in between 0.9300/30 and AUD/USD aims for a downside correction, now that tested the roof of the range. Anyway! We have US GDP tomorrow, that will made this Friday even more interesting, so here is the link for today’s calendar, I will take a look and choose my first favorite for today:

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

Have a great day! 
Posted by at 5:57 PM

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