The Advisor Weblog

Hourly perspective for majors’
Best pair to trade now: EUR/USD
Majors’ sentiment for today
Starting the day

Posted: 13 Apr 2010 05:57 AM PDT

Dollar is back in trouble after worse than expected data : deficit widened above expectations, and despite past Asian session the Japan ruling party stated they favor a weaker yen, the currency is winning ground quickly following stocks; here is the majors’ technical update:

http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2010-04-13.v02.html

Best pair to trade now: EUR/USD

Posted: 13 Apr 2010 04:01 AM PDT

Here is my first choice for today:

http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2010-04-13.html

Majors’ sentiment for today

Posted: 13 Apr 2010 03:25 AM PDT

Majors’ sentiment for today:

Eur/Usd: Neutral

Gbp/Usd: Slightly Bullish

Usd/Chf: Neutral

Usd/Jpy: Slighlty Bullish

Eur/Gbp: Bearish

Eur/Jpy: Slightly Bullish

Gbp/Jpy: Slightly Bullish

Starting the day

Posted: 13 Apr 2010 03:09 AM PDT

Hi everyone and welcome to this blog. I was watching market late American sesion, early Asia, and hope you also have noticed how the strong optimism me had past Sunday, quickly diluted, as euro did not manage to follow trough. After losing the initial momentum the European currency settle down in a tight range against dollar, by take a look at another Euro crosses, and see how its’ slowly losing ground. Guess market players realized it was a bit too early to call for a trend change. Anyway, as comment several times in here and in webinars, we need euro above key 1.3800 area, to really call for a reversal there, at least is what I see. Pound is slightly up after a lower than expected deficit in UK Trade Balance, but majors are just in consolidation mode this early morning. Let’s take a look at the technicals.

Here is the link for today’s webinar:

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

Have a great day!