The Advisor Weblog

Technical perspective for US session
Live coverage
Best pair to trade now: GBP/USD
Majors’ sentiment for today
Starting the day Go Spain GO!

Technical perspective for US session

Posted: 08 Jul 2010 06:36 AM PDT

Here is the technical perspective updated for the US session:

http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2010-07-08.v02.html

Live coverage

Posted: 08 Jul 2010 03:44 AM PDT

I will be starting right now, the Live coverage! of both central bank monetary policy decisions:

come join me at Fxstreet.com home page

Best pair to trade now: GBP/USD

Posted: 08 Jul 2010 03:43 AM PDT

Here is my first choice for today:

http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2010-07-08.html

Majors’ sentiment for today

Posted: 08 Jul 2010 02:57 AM PDT

Here is the majors’ sentiment for today:

Eur/Usd: Bullish

Gbp/Usd: Slightly Bearish

Usd/Chf: Bearish

Usd/Jpy: Slightly Bullish

Eur/Gbp:Slightly Bullish

Eur/Jpy: Bullish

Gbp/Jpy:Bullish

Starting the day Go Spain GO!

Posted: 08 Jul 2010 02:54 AM PDT

Hi everyone, and welcome to this blog! As comment past Tuesday, the inverted correlation between dollar and stocks,is still alive and kicking: we see optimism everywhere, and all the problems are solved in the euro zone (or not?), we are just waiting for the fabulous stress test to be realized next July 23rd. At this point, I really want to see it and made sure how healthy the European banking system is. But, as hard the situation could be, that Euro is bullish, that we can’t deny. I have a daily descendant trend line, coming from December high of 1.5140, today around 1.2720; above that line a more a daily close, could signal gurther gains in the common currency.

Anyway, we have big bank meetings today: BOE and ECB will publish their monthly economic policy in a a bit more than an hour. With BOE is easy, if they leave rates and QE unchange, I don’t expect mudh of a reaction in Pound to the report. With ECB as usual, market attention will focus in later Trichet comments, again if they leave rates unchanged.

Here is the link for today’s calendar:

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

Have a great day!