Monday, May 3, 2010

The Advisor Weblog

The Advisor Weblog

Majors’ updated for US session

Posted: 03 May 2010 07:11 AM PDT

Sorry guys, seems world press servers are not working right, and I can’t post but when it let me! Here is the hourly majors’ perspective updated:

http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2010-04-30.v02.html

Best pair to trade now: GBP/USD

Posted: 03 May 2010 04:21 AM PDT

Majors’ sentiment for today

Posted: 03 May 2010 03:33 AM PDT

Majors’ sentiment for today:

Eur/Usd: Bearish

Gbp/Usd: Bearish

Usd/Chf: Bullish

Usd/Jpy: Neutral

Eur/Gbp: Neutral

Eur/Jpy: Slightly Bearish

Gbp/Jpy: Slightly Bearish

Starting the day

Posted: 03 May 2010 03:30 AM PDT

Hi everyone, and welcome back. Past Sunday, after the announcement of Greece agreement regarding the rescue plan with EU and IMF, that involves austerity measures, Euro managed to gap higher and reach the 1.3360 area, only to slump back to 1.3200 zone; the strength of the fall, puts in doubt further recoveries in the hegemonic currency, short and long term: this time, we knew that the needed bailout reaches 110 Billion euros, against past 45B a couple of weeks ago. The fact that the loan is available, is not the response to all the situation: will take long for the Euro, to be able to stand back on its foot.  Pound suffered some pressure also since Asia opening, as woes regarding elections next Thursday,  are weighting in the currency. Low volume already typical on Mondays, will likely help the case. Anyway! here is the link for today’s calendar:

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

Have a great day! 
Posted by at 5:02 PM

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