Wednesday, June 2, 2010

The Advisor Weblog

The Advisor Weblog


Hourly perspective for US session

Posted: 02 Jun 2010 07:04 AM PDT

Best pair to trade now: EUR/USD

Posted: 02 Jun 2010 04:16 AM PDT

Majors’ sentiment for today

Posted: 02 Jun 2010 04:08 AM PDT

Majors’ sentiment for today:

Eur/Usd: Bearish

Gbp/Usd: Bullish

Usd/Chf: Bullish

Usd/Jpy: Bullish

Eur/Gbp: Bearish

Eur/Jpy: Bullish

Gbp/Jpy: Bullish


Starting the day

Posted: 02 Jun 2010 03:33 AM PDT

Hi everyone, and welcome back. Mot much happened in market after yesterday’s wild movements with European currencies: Pound remains strong habind reached the 1.4780 strong resistance area, from where now is retreating, while Euro trades in between 1.2180/1.2270 area, holding its’ bearish tone due mostly to market sentiment. Yen crosses are a bit more interesting, with yen losing ground after Japanese prime Minister Hatoyamahas announced its resignation, with USD/JPY approaching to 92.00 area.  We have housing reports in the US today, that could help improve the shy optimism we are seeing trying to regain markets theses days, so here is the link for today's calendar:

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

Have a great day! 


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