The Advisor Weblog

Best pair to trade now: GBP/USD
Majors’ sentiment for today
Starting the day
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Best pair to trade now: GBP/USD

Posted: 18 Jun 2010 04:27 AM PDT

Here is my first choice for today:

http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2010-06-18.html

Majors’ sentiment for today

Posted: 18 Jun 2010 04:26 AM PDT

Majors’ sentiment for today:

Eur/Usd: Slightly Bullish

Gbp/Usd: Bullish

Usd/Chf: Bearish

Usd/Jpy: Bearish

Eur/Gbp: Neutral

Eur/Jpy: Bearish

Gbp/Jpy: Bearish

Starting the day

Posted: 18 Jun 2010 04:24 AM PDT

Hi everyone, and welcome back! Quiet consolidation at yesterday’s high is the resume of what happened in Asia. Some corrections, some attempts to break higher, yet major crosses are around past American session close, with no much intraday trend definitions coming from technical indicators, yet with both, dollar and yen weak across the board, and swissy the strongest one today.

European stocks and Wall Street futures are slightly down, in a risk aversion Friday, still holding quite near weekly highs; with no much fundamental data for today but in Canada, market will be likely moving on profit taking (if it happens), and stocks (if they come back to life and trigger some rallies). Keep an eye on gold, that’s very close to its all time high of $ 1251,83/oz, pushing dollar down.

Anyway! let’s start with some technicals for today; here is the link for today’s calendar:

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

Have a great day!

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Posted: 18 Jun 2010 03:05 AM PDT

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