The Advisor Weblog |
- Best pair to trade now: EUR/USD
- Yen spike down, on intervention comments
- Majors’ sentiment for today
- Starting the day
| Best pair to trade now: EUR/USD Posted: 16 Apr 2010 04:28 AM PDT Here is my choice for today: http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2010-04-16.html
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| Yen spike down, on intervention comments Posted: 16 Apr 2010 03:45 AM PDT Remember past week when Japan lawmakers asked for a weaker currency to fight deflation, and considered a most “accurate” level for USD/JPY at 120.00? A comment over Reuters that government lawmaker says “should intervene to weaken Yen”, sent the pair from 92.60 to 93.10 in a glance, and we are now back above 92.80.
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| Posted: 16 Apr 2010 03:01 AM PDT Majors’ sentiment for today: Eur/Usd: Neutral Gbp/Usd: Slightly Bullish Usd/Chf: Neutral Usd/Jpy: Slighlty Bearish Eur/Gbp: Bearish Eur/Jpy: Slightly Bearish Gbp/Jpy: Slightly Bullish
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| Posted: 16 Apr 2010 02:58 AM PDT Hi everyone and welcome back to this blog!Yen has been the overall winner in Asian, after indexes slump prompting investors to but the safe-haven Japanese currency; Nikkei 225 Stock Average was down 1.5%, Hong Kong’s Hang Seng Index traded down 1.29%, and China’s Shanghai Composite Index, fell 0.81%. Risk aversion ruled the session, and Euro and Pound fell back erasing most of past Thursday winnings. European morning however bring some relief, thus Euro zone data released early morning is mixed, and dollar and yen are back slightly down against European rivals. Interesting, if we compared current price levels with past Sunday Asian session opening: with the huge gaps against dollar, and the optimism market was feeling, one could have believed that a trend was set and it was time for a strong bearish run in greenback; at this point, weekly charts show exactly the opposite: a slightly recovery of the American currency in most pairs, thus not enough to recover past Friday’s lows. Anyway! short term trading in between levels seems to still be working, so take a look at today’s calendar, while i prepare the technicals for today: http://www.fxstreet.com/fundamental/economic-calendar/ Have a great day!
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