The Advisor Weblog |
- Hourly perspective for US session
- The best pair to trade now: EUR/USD
- ADP up, thus less than expected
- Majors’ sentiment for today
- Starting the day
| Hourly perspective for US session Posted: 03 Jun 2010 06:32 AM PDT Here is the hourly perspective for US session:
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| The best pair to trade now: EUR/USD Posted: 03 Jun 2010 05:24 AM PDT Here is my first choice for today: http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2010-06-03.html
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| ADP up, thus less than expected Posted: 03 Jun 2010 05:20 AM PDT US ADP private survey sees an increase of 55K jobs for the month, after a 32K previous one, yet under expectations of 68K. Stocks spiked down, yet back up, no much action there, as well as in currencies, right now. If market decides to trigger some risk aversion, USD/JPY will be an interesting pair to trade as it has been rising steadily these past 2 days.
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| Posted: 03 Jun 2010 05:05 AM PDT Majors’ sentiment for today: Eur/Usd: Bearish Gbp/Usd: Slightly Bullish Usd/Chf: Bullish Usd/Jpy: Bullish Eur/Gbp: Neutral Eur/Jpy: Bullish Gbp/Jpy: Neutral
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| Posted: 03 Jun 2010 05:01 AM PDT Hi everyone, and welcome back. Risk dominate most of the morning, as Retail Sales in the euro zone come out much worse than expected, while Fitch downgraded BP to AA from AA+, harming Pound. More banking issues in Spain, more small banks merging trying to save the situation, yet! market is quiet rigth now, waiting for US ADP reading: a positive number could turn risk on/off switch back to off, so, let’ see market reaction after it; ISM, and factory orders also in the US later today, will no doubts trigger market reactions. Stocks are positive, so they won’t need much to extend these rallies. Here is the link for today’s calendar: http://www.fxstreet.com/fundamental/economic-calendar/ Have a great day!
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