Wednesday, May 26, 2010

The Advisor Weblog

The Advisor Weblog


Hourly perspective for US session

Posted: 26 May 2010 06:41 AM PDT

Best pair to trade now: EUR/USD

Posted: 26 May 2010 03:45 AM PDT

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!


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