The Advisor Weblog

Hourly perspective for US session
EUR/USD, Technical view
Majors’ sentiment for today
Monday, slowmo Monday

Hourly perspective for US session

Posted: 26 Jul 2010 06:34 AM PDT

Here is the hourly perspective updated for US session:

http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2010-07-26.v03.html

EUR/USD, Technical view

Posted: 26 Jul 2010 04:49 AM PDT

Here is the pair outlook for today:

http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2010-07-26.html

Majors’ sentiment for today

Posted: 26 Jul 2010 04:42 AM PDT

Here is the majors’ sentiment for today:

Eur/Usd: Neutral

Gbp/Usd: Bullish

Usd/Chf: Neutral

Usd/Jpy: Bearish

Eur/Gbp: Bearish

Eur/Jpy: Slightly Bearish

Gbp/Jpy: Slightly Bullish

Monday, slowmo Monday

Posted: 26 Jul 2010 04:35 AM PDT

Hi everyone, and welcome back! Week starts with market attention rather focused in US weakness than the results of the stress tests finally released past Friday for Europe. What can I say? for me, almost a joke, as the info published and contained in it, is far from enough to restore confidence. Official numbers say only 7 out of 91 banks failed, 5 from Spain, 1 in Germany, and 1 in Greece: all old data. However, Euro managed to regain the 1.2900 area, holds above 1.2860/70 support, and in general, dollar has a bearish tone across the board: US situation is as stated above, where attention is now: fears of a double dip, the fact that rates will remain low for the rest of the year, and the worse than expected readings in all aspects of economy this past month, are some of the factors affecting the greenback. Anyway, I do believe that the slowmo Monday’s could be interrupted today: we have New Home Sales today in the US, and past month there, we reached a record low of 300K. Market expects today 317K, a very bad reading if you ask me. We need to regain the 400K to erase the doom bias for the US economy.

Relation between stocks and forex, is stronger in yen, aussie and cad, as the first rises and the last two fall more than European on negative stocks. Leave European currencies out of the equation for now.

Here is the link for today's calendar:

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

Have a great day!