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- Hourly perspective for US session
- Best pair to trade now EUR/JPY
- Majors’ sentiment for today
- Starting the day
| Hourly perspective for US session Posted: 24 Jun 2010 06:29 AM PDT Risk aversion seems to be fading let’s see if stocks managed to regain some strength from these yesterday’s low levels, and trigger some dollar falls across the board. Here is the hourly perspective updated for the US session:
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| Best pair to trade now EUR/JPY Posted: 24 Jun 2010 04:31 AM PDT |
| Posted: 24 Jun 2010 04:26 AM PDT Majors’ sentiment for today: Eur/Usd: Slightly Bearish Gbp/Usd: Bullish Usd/Chf: Bearish Usd/Jpy: Bearish Eur/Gbp: Bearish Eur/Jpy: Bearish Gbp/Jpy: Bearish
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| Posted: 24 Jun 2010 04:21 AM PDT Hi everyone, and welcome back! Market forces had not changed since the last updates; after FOMC Minutes with the same “extremelylow, for an extended period” rates stance, and the dovish economic growth outlook, dollar lost ground past American evening. Still, Euro was unable to hold gains and is back under 1.2300, retreating from strong 1.2350 area. No much definitions for the common currency, pressured again by Greek’s sovereign debt, as 5-year cds hit record highs. Pound holds to yesterday’s strength and tested 1.5010, still not ready to break higher: some downside corrections could be seen now, yet as long s above 1.4900/20 bias remain bullish for the GBP/USD. Yen continues to be alive, extending the rally as expected to the 89.20 strong support area; pair is quite close to the level, no signs of bouncing suggest further falls in slowmo: 88.80 and 88.50 are the next probable target zones. in about an hours, we have Durabe Good Orders in the US with a very negative forecast, so seems market is waiting for the data to decide today’s trend. Here is the link to the calendar: http://www.fxstreet.com/fundamental/economic-calendar/ Have a great day!
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