The Advisor Weblog |
| Hourly technical perspective for US session Posted: 09 Jul 2010 06:40 AM PDT Here is the hourly perspective updated for majors in the US session:
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| Posted: 09 Jul 2010 04:34 AM PDT Here is my first choice for today: http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2010-07-09.html
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| Posted: 09 Jul 2010 04:26 AM PDT Hi all and welcome back! Friday started as usual in risk aversion mode, or better say, in profit taking mood, when Canada extremely positive employment data turned things back to previous stage: dollar is back down across the board, thus European currencies still point for some bearish corrective movement. Sill, seems not to be greenbacks day: corrections likely to be limited and short lived, ahead of stronger movements and even more gains. Euro keeps bouncing on the 1.2660 area so seems we have strong buyers around the level, while Pound i struggling again to reach that 1.5230 strong area. Commodity currencies are the strongest right now, with AUD testing yesterday’s high: watch there for a break above 0.8800 to trigger more gains in aussie. Canadian dollar extends it’s gain towards 1.0320 area, yet if broken we can see a 1.0260 later today. We have no important fundamental news in the US today to watch, so as usual, keep an eye on stocks. Have a great trading day!
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