Profit Economics: May 2010

Monday, May 31, 2010

The Advisor Weblog

Posted: 31 May 2010 03:27 AM PDT

Hi everyone, and welcome back. Quiet start of the week with UK and US banks closed, should be a surprise seen markets moving too much today. Majors are barely changed from past Asian session opening, thus over the weekend, Caja Madrid, one of Spain’s biggest banks was negotiating a merger with five smaller rivals as part of a desperate government effort to restore confidence in the faltering economy, which threatens to drag down the rest of the euro zone. Also, France budget Minister Francois Baroin indicated on Sunday that France should not take for granted its AAA rating, more weight on euro’s shoulders.

If anything, Yen has been steadily falling since Asia opening, leaving yen crosses touch firmer across the board. Anyway, data today will come from Canada during this Europe/America hours, and despite we could not see strong reactions, will be weighing on the sessions to come, when market is full back.

Here is the link for today’s calendar:

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

Have a great day!

Thanks, Guys

A war is like a bar fight in that 100% of them involve at least one real jerk and most are avoidable, yet sometimes you need to fight. I know that your average 19 year old doesn't really choose who he fights for, and so its not like American 19 year olds were more enlightened than the Germans or Soviets of WW2, but their actions are sometimes necessary, and always take courage and sacrifice. Hopefully this century will have fewer wars than last, but it all has to be put into context as there is a lot of suffering and death caused not by organized conflict, so unfortunately pacifism is not always the answer. So, here's a salute to the poor guys who gave up their life for others, such as the 50 million South Koreans who live a relatively nice life relative to the alternative.

Friday, May 28, 2010

Hourly update for US session

Posted: 28 May 2010 06:38 AM PDT

Here is the hourly perspective for US session:

http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2010-05-28.v02.html

Best pair to trade now:USD/CHF

Posted: 28 May 2010 04:14 AM PDT

Here is my first choice for today:

http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2010-05-28.html

Majors’ sentiment for today

Posted: 28 May 2010 03:40 AM PDT

Majors’ sentiment for today:

Eur/Usd: Bullish

Gbp/Usd: Bullish

Usd/Chf: Bearish

Usd/Jpy: Slightly Bullish

Eur/Gbp: Bullish

Eur/Jpy: Bullish

Gbp/Jpy: Neutral

Starting the day

Posted: 28 May 2010 03:35 AM PDT

Hi everyone and welcome back. Have been away yesterday from the blog, yet not from the market. We are all optimisticright now, maybe because is Friday, maybe because China come to support the Euro, as they decide that they won’t get rid of their European debt bonds. Euro then regained the upside, as well as stocks and all high yieldings, with dollar and yen down across the board. and the movement is set to extend. If not a trend reversal, at least an important corrective movement is developing against safe havens dollar and yen. Anyway! let’s take a look at the technicals. In the mid-time, we have a good number of first line reports in the US, so here is the link for today’s calendar:

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

Have a great day!

Envy over Greed: The Movie

In the Canadian Report on Business Magazine, Tim Taylor has a nice article on my work. It's tied in with cool pictures of Gordon Gekko, who is moving over to my point of view:

When I was away, it seems that greed got greedier, with a little bit of envy mixed in

~Gordon Grekko in Wall Street II

Wednesday, May 26, 2010

The Advisor Weblog

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

Hourly perspective for US session

Posted: 26 May 2010 06:41 AM PDT

Here is the hourly perpsective for US session:

http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2010-05-26.v02.html

Best pair to trade now: EUR/USD

Posted: 26 May 2010 03:45 AM PDT

Here is my first choice for today:

http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2010-05-26.v02.html

Majors’ sentiment for today

Posted: 26 May 2010 03:17 AM PDT

Majors’ sentiment for today:

Eur/Usd: Slightly Bearish

Gbp/Usd: Neutral

Usd/Chf: Slightly Bullish

Usd/Jpy: Slightly Bullish

Eur/Gbp: Bearish

Eur/Jpy: Slightly Bearish

Gbp/Jpy: Neutral

Starting the day

Posted: 26 May 2010 03:14 AM PDT

Hi everyone and welcome back! Late recovery in Wall Street that managed to close almost unchanged erasing early slump, favored a fall in dollar and yen, that was unable to extend during Asian session. Market is pretty quiet today in Europe, despite early data in Germany and France was quite negative, as well as the mortgage approvals in the UK that come out under expectations.

Sentiment trading remains the main market driver, and despite the calm, dollar and yen are slowly recovering ground, yet far from yesterday’s lows. We have Durable Good Orders and New Home Sales today in the US that will probably be the kick start of the intraday trend, so here is the link for today’s calendar:

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

Have a great day!