The Advisor Weblog

Swiss Franc falls dramatically
What to expect form NFP tomorrow
Don’t forget Gold
EUR/USD approaching 1.3430/40
Best pair to trade now: USD/CAD
Majors’ sentiment for today

Posted: 01 Apr 2010 08:59 AM PDT

SNB seems to finally decided to halt Swiss rally, and despite no official comments yet, Swiss Franc strong fall of the past minutes could be only attributed to a SNB intervention. Swiss Franc lost almost 170 pips against dollar, and around 250 against euro in the past 15 minutes against dollar, franc reached the 1.0600 level, while EUR/CHF quotes at 1.4400 at the time of writing.
Some pullbacks could be expect, yet Swiss longs could apporach to an end quite soon if SNB remains as firm as has just shown all of us.

What to expect form NFP tomorrow

Posted: 01 Apr 2010 07:20 AM PDT

Here is an amazing report of what many expects and forex pro traders are looking for tomorrows’ NFP in the US. Don’t miss it, worth reading the opinions:

http://www.fxstreet.com/fundamental/market-view/forecast-us-nfp-will-rise-boost-dollar/2010-03-29.html

Don’t forget Gold

Posted: 01 Apr 2010 05:44 AM PDT

Gold has been consolidating lately, moving in a tight range, with no much definitions mid term talking. it just tested the roof od a descendant channel i have been following for days, so pay attention to gold, as if we regain the 1120 area, chances are again to the upside, and to the downside for greenback.

EUR/USD approaching 1.3430/40

Posted: 01 Apr 2010 05:35 AM PDT

I have been stating several times that Euro has no real reasons to rise, and despite the run to 1.3260 lows part week a bit overreacted for me, now I see the corrective movement complete, and the pair back with aims of falling; one thing that could change that is tomorrow’s NFP, as I do really think market expecations are way too high compared to reality. Timothy Geithner, US Treasury Secretary stated earlier today that unemployment rate will remain unacceptably high for some time, maybe giving us an early warning. Anyway! pair is slightly bearish attempting to cross the 20 SMA in the 4 hours charts with flat indicators. Key support lies at 1.3430/40 area, so if pair manages to break lower, rally could extend to 1.3400 and 1.3350 zone. Resistances now are at 1.3490, 1.3520 and 1.3560.