The Advisor Weblog

Inflation subdued
US data to be release in 10 minutes
Dow Jones apporaches to 10.000
Hourly perspective for US session
USD/CHF could be the key
Best pair to trade now: EUR/USD
Majors’ sentiment for today
Starting the day

Posted: 09 Jun 2010 07:09 AM PDT

That’s what Ben Bernanke had just said; that means rates will remain low, dulling chances of a rate hike. Early this year, I was expecting on the chance of a rate hike in the US in the second half this year. We are almost there, and we have not even s shy comment, but of some FED’s members that ask for it. Seems we need to wait and start thinking on 2011.

US stocks remain trading around daily highs, but had lost initial strength. EUR/USD however, seems to be quite comfortable above 1.2000, but aussie and cad are pointing for some bearish corrections: if dollar starts winning there, European currencies could follow.

US data to be release in 10 minutes

Posted: 09 Jun 2010 06:47 AM PDT

Seems market is waiting for Ben Bernanke, FED’s president testimony in about 10 minutes, and I read some rumors that he will talk Euro higher… we can’t trust all what we read! just let you know. Besides, we have Wholesales inventories, and oil inventories, expected -1.1 Million from -1.9M previous month.

Dow Jones apporaches to 10.000

Posted: 09 Jun 2010 06:39 AM PDT

US stock opened higher, holding levels, but I believe DJIA 10.000 zone will be key; currently hovering in between 9970/80, if the indexes regain the 10.000 level, we are going to be optimistic and happy, at least for today, forgetting all the world issues for a couple of hours, and seeing dollar and yen falling; if we start losing ground from here, confidence won’t last.

Hourly perspective for US session

Posted: 09 Jun 2010 06:32 AM PDT

Here is the hourly perspective updated for US session:

http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2010-06-09.v02.html

USD/CHF could be the key

Posted: 09 Jun 2010 05:21 AM PDT

USD/CHF is testing the 1.4050 strong daily support area, turning bearish in the daily chart, yet the day is far from over! so we need to see how it closes later today; however, a break under this area could trigger a quick rally agaonst dollar across the board. EUR/USD is heading towards 1.2050/60 area, where smaller time frames should reach extreme overbought readings and at least halt the rally. Aussie and Cad are pushing higher, leading the way. Thinks are set for a dollar downside move, let’s see if they can .

Best pair to trade now: EUR/USD

Posted: 09 Jun 2010 04:14 AM PDT

Here is my first choice for today:

http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2010-06-09.v02.html

Majors’ sentiment for today

Posted: 09 Jun 2010 03:11 AM PDT

Majors’ sentiment for today:

Eur/Usd: Slightly Bullish

Gbp/Usd: Slightly Bullish

Usd/Chf: Slightly Bearish

Usd/Jpy: Neutral

Eur/Gbp: Bearish

Eur/Jpy: Bullish

Gbp/Jpy: Bullish

Starting the day

Posted: 09 Jun 2010 03:02 AM PDT

Good morning/day/afternoon all, and welcome back! I was experiencing some connection issues yesterday, and it was almost impossible to open any Internet stuff, a real nightmare! Anyway, everything is working now, and majors are not far from last updates: despite spikes and the usual stress marking is showing us, we are in consolidation ranges, thus seems dollar could start some downside corrections, as per commodity currencies regaining strength and leading the way. Will start now checking my charts, i want to share some long term ideas about euro with you .

Here is the link for today's calendar:

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

Have a great day!