The Advisor Weblog |
- Good news in US fuel stocks
- Hourly perspective for US session
- Best pair to trade now: GBP/USD
- Majors’ sentiment for today
- Starting another interesting week
| Posted: 19 Apr 2010 07:09 AM PDT A report in the US show CB Leading index rose above expectations, to 1.4% from 0.1& past month, fueling Wall Street (what else? seems here nothing could take it down, except next bubble explosion, that won’t take place any time soon) Dow Jones is +30 while S&P is +3.4 points, from past Friday’s closing level, sending dollar and yen slightly down against Euro and Pound. Commodities are back up, supporting the case. Let’s see if the movement could extend.
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| Hourly perspective for US session Posted: 19 Apr 2010 06:44 AM PDT Wall Street opened down, yet is rising to past Friday closing levels, supporting some dollar bearish corrections. Early to say, I’m seeing lack of volume as usual lately on Mondays. Anyway! here is the hourly perspective for US session:
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| Best pair to trade now: GBP/USD Posted: 19 Apr 2010 05:13 AM PDT Here is my first choice for today: http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2010-04-19.v02.html
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| Posted: 19 Apr 2010 05:11 AM PDT Majors’ sentiment for today: Eur/Usd: Bearish Gbp/Usd: Bearish Usd/Chf: SBullish Usd/Jpy: Bearish Eur/Gbp: Slightly Bearish Eur/Jpy: Bearish Gbp/Jpy: Bearish
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| Starting another interesting week Posted: 19 Apr 2010 05:05 AM PDT Hi everyone, and welcome back! Past Friday morning, without even knowing the Goldman Sach “affair”, i comment about the strong weekly opening that disappeared as days gone by; now, we have started a new week with market heading strongly exactly against previous Sunday opening, and that’s one of the main reasons I choose to trade short term as I post here: short rallies, tight stops in an out. Nobody is talking today about Greece, and the meeting held there will probably pass with no much market reaction. Anyway at this point, I believe dollar and yen are a bit over extended and we need some corrections there, at least technically. Bank of japan is rumored to be a buyer in USD/JPY around 91.50, exactly daily low zone, so be aware with JPY crosses. Pound is approaching to 1.5260: if above, we could see more upside today, while Euro needs to regain 1.3485 zone to change current bearish bias. I will keep you updated as the day gone by, with both Greece and Goldman developments. Here is the link for today’s calendar: http://www.fxstreet.com/fundamental/economic-calendar/ Have a great day!
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