Wednesday, April 21, 2010

The Advisor Weblog

The Advisor Weblog

Hourly perspective for US session

Posted: 21 Apr 2010 06:49 AM PDT

EUR/USD under 1.3400

Posted: 21 Apr 2010 04:29 AM PDT

As comment yesterday, and after breaking 1.3440/60 support area, pair has finally reached next key support area, the 1.3380 zone. Consolidating around it, pair general tone remains bearish, and as long as under 1.3400, I still see further falls coming today: next support comes at the 1.3340 area, ahead of 1.3300/10 zone. Above 1.3400, mentioned 1.3440/60 will be key, as only a strong recovery above the last could change the bearish intraday trend.

 

Best pair to trade now: AUD/USD

Posted: 21 Apr 2010 04:21 AM PDT

Majors’ sentiment for today

Posted: 21 Apr 2010 03:22 AM PDT

Majors’ sentiment for today:Eur/Usd: Neutral

Gbp/Usd: Bullish

Usd/Chf: Neutral

Usd/Jpy: Bullish

Eur/Gbp: Bearish

Eur/Jpy: Bullish

Gbp/Jpy: Bullish

Starting the day

Posted: 21 Apr 2010 03:17 AM PDT

Hi everyone and welcome back! Ascomment past daily Wrap Up webinar, Asian session follow previous market tone: EUR/USD continues weak  havint tested 1.3400 area, while Pound is stronger, after BOE’s minutes show signs of inflation increased in the UK, saying some upside risk to inflation signs appeared; that means they could be forced to rise rates before the planned; Yen crosses correct slightly thus bullish momentum persist there, with USD/JPY testing now yesterday’s high, and no doubts, Aud and Cad the so called commodity currencies, are the stronger across the board, with USD/CAD having reach 0.9930, not seen since June 2008. I will start looking at technicals, here is the link for today’s calendar:

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

Have a great day! 
Posted by at 6:56 PM

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