Friday, May 28, 2010

The Advisor Weblog

The Advisor Weblog


Hourly update for US session

Posted: 28 May 2010 06:38 AM PDT

Best pair to trade now:USD/CHF

Posted: 28 May 2010 04:14 AM PDT

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!

 


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