Posted: 22 Jul 2010 06:42 AM PDT

Here is the hourly perspective for US session. Be aware Bernanke is giving testimony again, and we have US Retail Sales in a while, so better wait for those two to be over, to take trading decisions.

http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2010-07-22.v02.html

Majors’ sentiment for today

Posted: 22 Jul 2010 04:36 AM PDT

Here is the majors’ sentiment for today:

Eur/Usd: Bullish

Gbp/Usd: Bullish

Usd/Chf: Bearish

Usd/Jpy: Bearish

Eur/Gbp: Neutral

Eur/Jpy: Bullish

Gbp/Jpy: Bullish

Starting the day

Posted: 22 Jul 2010 04:29 AM PDT

Hi everyone, and welcome back! My dad is a bit better, and I’m more relief… have not been sleeping in the last 3 days, but life goes on and here I am, watching what happened in these last days; I’m a bit surprised that finally Bernanke, FED’s chairman, recognized the doom condition of the US economy, without offering magical solutions; unemployment situation is not only the worst since the Great Depression, but will likely extend for at least 2 years, while bank loans continued to contract hitting harder small businesses, so we could expect consumtion reports to be worse month after month, not a minor data. Stocks sunk after the testimony, sending dollar and yen higher across the board, yet Wednesday’ loses are already over: Thursday seems a risk appetite day, with stocks even above yesterday’s opening, and dollar losing strongly against major rivals. I’m watching AUD/USDat a 9-month high, expecting some intraday correction there, yet the perfect measure of risk sentiment.

We have some data to take care of, so let’s see if the sentiment remains the same Here is the link for today’s calendar: