The Advisor Weblog

Hourly perspective for US session
Live coverage - Durable Orders
Eur/Usd: waiting for a break
Majors’ sentiment for today
Starting the day

Hourly perspective for US session

Posted: 28 Jul 2010 06:54 AM PDT

Here is the hourly perspective for current US session:

http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2010-07-28.v02.html

Live coverage - Durable Orders

Posted: 28 Jul 2010 05:04 AM PDT

I will be starting in about 15 minutes, the Live coverage of the US data release, at Fxstreet.com home page. Come and join me to discuss market movements together!

Eur/Usd: waiting for a break

Posted: 28 Jul 2010 05:00 AM PDT

Here is the technical perspective for EUR/USD. Give the market 15 minutes after the data, before taking any trading decision:

http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2010-07-28.html

Majors’ sentiment for today

Posted: 28 Jul 2010 04:58 AM PDT

Here is the majors’ sentiment for today:

Eur/Usd: Slightly bearish

Gbp/Usd: Bullish

Usd/Chf: Bullish

Usd/Jpy: Bearish

Eur/Gbp: Neutral

Eur/Jpy: Slightly Bullish

Gbp/Jpy: Slightly Bullish

Starting the day

Posted: 28 Jul 2010 04:56 AM PDT

Hi everyone and welcome back! Market is quiet today, with majors waiting for the US Durable Good Orders data; with market attention focused in the American economy, probably the data will wake up pairs today; revision to the upside of previous month readings could give some support to greenback, if data is also better than expected.

Only Australian dollar has moved strong on worse than expected inflation data: chances of a rate hike next week dilute with the negative reading, and Aussie lost over 100 pips that is now slowly recovering.

Euro remains in range, trapped around 1.3000, with no clear definitions right now, whole Pound holds a positive tone, aiming higher and consolidating gains around 1.5600.

Here is the link for today’s calendar:

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

Have a great day!