The Advisor Weblog

Hourly perspective for US session
EUR/USD Technical outlook
Majors’ sentiment for today
Starting the day

Hourly perspective for US session

Posted: 13 Jul 2010 06:27 AM PDT

Here is the hourly perspective updated for the US session:

http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2010-07-13.v02.html

EUR/USD Technical outlook

Posted: 13 Jul 2010 04:55 AM PDT

Here is Eur/Usd technical outlook:

http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2010-07-13.html

Majors’ sentiment for today

Posted: 13 Jul 2010 04:42 AM PDT

Here is the majors’ sentiment for today:

Eur/Usd:Slightly Bullish

Gbp/Usd: Bullish

Usd/Chf: Bearish

Usd/Jpy: Slightly Bearish

Eur/Gbp:Bearish

Eur/Jpy: Bearish

Gbp/Jpy:Bullish

Starting the day

Posted: 13 Jul 2010 03:37 AM PDT

Hi everyone and welcome back! Choppy Monday is over as usual, and the journey has already turned interesting since early Europe. EUR/USD reached a fresh 5 day’s low around 1.2520, only to bounce back to 1.2590 area. Fall was triggered by another downgrade to the euro zone, this time, Moody move Portugal to A1 from AA2, leaving the outlook stable. ZEW survey data was also pessimistic, regarding the economic sentiment, and investors seem to be focusing back on the common currency weakness: despite the recovery,1.2610 is the strong ceiling of the pair and only above it further upside could be seen, and some sellers around the area are likely at this point.

Pound tested the 1.4970 support zone and is now fighting back to regain 1.5100, still under the base of the ascendant channel broken this Monday; more in a consolidation stage than defining a clear trend, inflation readings again were quite high, so there is the base of the currency strength. Let’s see if it last.

Here is the link for today's calendar:

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

Have a great day!