The Advisor Weblog |
| Best pair to trade now: EUR/USD Posted: 31 Aug 2010 04:59 AM PDT Here is my first choice for today: http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2010-08-31.v02.html
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| Posted: 31 Aug 2010 04:36 AM PDT Here is the majors’ sentiment for today: Eur/Usd: Bearish Gbp/Usd: Bearish Usd/Chf: Bearish Usd/Jpy: Bearish Eur/Gbp: Bullish Eur/Jpy: Bearish Gbp/Jpy: Bearish
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| Posted: 31 Aug 2010 04:35 AM PDT Hi everyone and welcome back! Risk aversion environment starting past American session, extended over the past hours, and despite some shy corrective movements, both dollar and yen are pointing for an upside continuation against major rivals. Despite European stocks market pare early loses, mood remains negative as US futures are pretty negative rigth now, and that should weight on riskier assets such as Euro, Pound and Aud. Despite Japanese jawboning has multiplied, the yen remains strong approaching to 84.00 area against greenback. With S&P nearing 1035 support, if the index lose that level, USD/JPY could see a new ride of sell off. Market is ignoring most of the schedule fundamental data, and moving more in bonds, and talks from authorities all across the world. Anyway, here is the link for today's calendar: http://www.fxstreet.com/fundamental/economic-calendar/ Have a great day!
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