The Advisor Weblog

EUR/USD Technical points
Majors’ sentiment for today
Starting the day! (and an interesing one)

EUR/USD Technical points

Posted: 29 Jun 2010 03:58 AM PDT

Here is my first choice for today:

http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2010-06-29.v02.html

Majors’ sentiment for today

Posted: 29 Jun 2010 03:23 AM PDT

Here is the majors’ sentiment for today:

Eur/Usd: Bearish

Gbp/Usd: Bullish

Usd/Chf: Bearish

Usd/Jpy: Bearish

Eur/Gbp: Bearish

Eur/Jpy: Bearish

Gbp/Jpy: Bearish

Starting the day! (and an interesing one)

Posted: 29 Jun 2010 03:20 AM PDT

Hi everyone, and welcome! Well, seems after all, we are not so confident and optimistic! All the dollar down triggered a couple of weeks ago by China´s pledged to leave yuan float more freely, sunk during past Asian session when worries concerning a slowdown in Chinese economy triggered the biggest sell-off in Chinse stocks in more than a month. The slump in Asian stocks was followed by European ones and US futures, we are all risk averted today, let’s go for dollar and yen!

Jokes a part, what we have been discussing about market forces and currencies strength these days, remains the same: Pound and Swiss Franc have been barely unchanged, and as much, lost some pips in correction move; Aud, sensitive to risk, has lost enough to test the 38.2% retracement of the last daily fall, from 0.9380 to 0.8060: watch for current 0.8550/70 area there, remains the key. Poor Euro suffered the most, capped rightnow under 1.2200, while yen strength against greenback is running out of gas under 89.00 (However, US session could bring a refill, not now ) .

Anyway! here is the link for today’s calendar:

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

Have a great day!