Posted: 04 Aug 2010 06:25 AM PDT

Here is the hourly perspective for the US session:

http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2010-08-04.v02.html

Majors’ sentiment for today

Posted: 04 Aug 2010 04:34 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: Slightly Bearish

Gbp/Jpy: Slightly Bearish

Starting the day

Posted: 04 Aug 2010 04:27 AM PDT

Hi everyone and welcome back to this blog. After a quiet Asian consolidative session, dollar has come again under pressure during this European morning. Majors are hardly unchanged from yesterday’s view, and Euro is testing the roof of a small continuation triangle, almost ready to break higher; watch it here:

http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2010-08-04.html

With ADP around the corner, market will likley wait for the report to be published, before making big moves, yet Aussie and Cad strength, suggest dollar is not going to have a good day.

Here is the link for today's calendar:

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

Have a great day!