The Advisor Weblog |
- BoC Interest Rates Decision Live Coverage
- Corrections extend way long
- Hourly perspective for majors
- EUR/USD technical view
- Majors’ sentiment for today
- Starting the day- best pair to trade
| BoC Interest Rates Decision Live Coverage Posted: 01 Jun 2010 08:12 AM PDT
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| Posted: 01 Jun 2010 06:51 AM PDT Market reversed from an overbought dollar to an almost oversold one in smaller time frames. US stocks are way positive ahead of US ISM Manufacturing data; watch for the 1.2250/60 area that will be key there. Poudn cound extend to as mucha as 1.4710, yet if US data is positive and stocks continue rising, dollar and yen will likley extend the fall in the US session.
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| Posted: 01 Jun 2010 05:27 AM PDT I have updated the hourly perspective earlier today, we have BOC rate decision Live coverage startin in 20 minutes, so you can join me there to follow market live! Here is the link:
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| Posted: 01 Jun 2010 04:56 AM PDT Market is back and euro is down, nothing new under the sun: we have Spain banking troubles over the weekend, as comment yesterday and in the Wrap up Webinar, German president resigned, and despite he has not Angela Merkel’s power, is not a minor question, as I keep saying another stone in Euro shoe. I was thinking even to made a small article/note about the constant talk of inflation in the euro zone, when we are heading there towards deflation.. and no one seems to care: that will be next bomb, just give it some time Anyway! after flat, 4 hours chart is showing pair has still strong bearish momentum, thus smaller time frames are oversold, triggering current bullish correction, that could reach 1.2200 as next resistance area, ahead of 1.2260 zone. New low has been set at 1.2110, and under that, downside could extend to 1.2070 area first, and close to 1.2020 later if pair remains capped under 1.2200.
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| Posted: 01 Jun 2010 04:19 AM PDT Majors’ sentiment for today: Eur/Usd: Bearish Gbp/Usd: Bullish Usd/Chf: Bullish Usd/Jpy: Neutral Eur/Gbp: Bearish Eur/Jpy: Bearish Gbp/Jpy: Bullish Rallies are way overextended at this hour, so we are heading for some countertrade corrrective movements, thus sentiment will likley resume dollar trend later on the day. Be patient!
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| Starting the day- best pair to trade Posted: 01 Jun 2010 04:08 AM PDT Hi everyone and welcome back! Just posted the best pair to trade now, 10 minutes ago, and corrective movement already started in swissy, so first of all here, is the link: http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2010-05-28.html Will come up with more right away
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