The Advisor Weblog |
- Hourly perspective for US session
- More sell off
- US ADP
- Best pair to trade now: EUR/USD
- Majors’ sentiment for today
- Starting the day
| Hourly perspective for US session Posted: 05 May 2010 06:47 AM PDT Herei s the hourly perspective updated for US session: http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/
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| Posted: 05 May 2010 06:04 AM PDT Hope you really catch euro fall.. is breaking my 1.2850! I have to take another look and a good one, cos´this was my overall bearish target..With aussie still falling, and advancing the movement, (could reach strong key area at 0.8940/50), seems euro won’t halt easily; again some rebound should be seen from here, but will be the length and strength of it, telling us next movement.
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| Posted: 05 May 2010 05:19 AM PDT US private ADP survey regarding employment, printed 32K from a -23K past month, and an expected 29K increase. Reading is better than expected, leading to more dollar gains. Also Moody rating agency puts Portugal on review to downgrade.. Poor euro, turning into an useless paper…give market a couple of nimutes to diggest the news, but if aussie, euro or pound fell under recent lows, chances of further falls are high.
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| Best pair to trade now: EUR/USD Posted: 05 May 2010 04:10 AM PDT Here is my first choice for today: http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2010-05-05.html
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| Posted: 05 May 2010 04:07 AM PDT Majors’ sentiment for today: Eur/Usd: Bearish Gbp/Usd: Neutral Usd/Chf: Bullish Usd/Jpy: Bullish Eur/Gbp: Bearish Eur/Jpy: Bearish Gbp/Jpy:Neutral
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| Posted: 05 May 2010 04:06 AM PDT Hi everyone, and welcome back. Market settle down in Asia, and we saw some very shy corrective movements, that were just enough to erase oversold/bought conditions coming from indicators. Trend is intact and dollar keeps winning across the board, thus with less strength that yesterday, quite logical after such rallies. I would expect some more before market at least decide to consolidate, or maybe trigger a more interesting corrective movement. Anyway! we have a lot o f news today, so here is the link for today’s calendar: http://www.fxstreet.com/fundamental/economic-calendar/ Have a great day!
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