Friday, August 6, 2010

The Advisor Weblog

The Advisor Weblog


Double dip and the FED What will happen next week?

Posted: 06 Aug 2010 07:02 AM PDT

Several Fxstreet.com experts and collaborators had shared their thoughts about what’s next for the US economy, and i believe is worth to read. Here is the link, enjoy!

http://www.fxstreet.com/fundamental/analysis-reports/us-economy-recovery-or-doubledip-recession/2010-08-06.html


Hourly perspective for US session

Posted: 06 Aug 2010 06:56 AM PDT

Poor greenback! data is really bad, revision is even worse, and market things a double dip is more than posible… Live coverage has been quite long today, so I’m a bit delay with this report, yet here it is:

http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2010-08-06.v02.html


Starting the day

Posted: 06 Aug 2010 05:04 AM PDT

Hi everyone, and welcome back!  Waiting for US Non Farm Payrolls data, dollar and yen are slightly up across the board, as some risk aversion dominates stocks markets.  Anyway, I do believe that there are two things worth to mention: Australian dollar is extremely strong, testing 0.9180 monthly highs, ignoring the rest of the market, and playing it’s own game; the other is Canada employment data, much worse than expected, that could anticipate something similar in the US.

I don’t like, and don’t date to made forecast today. But I will be covering the release of the data Live! at Fxstreet.com home page, starting in about 10 minutes. Hope to see you there.

Have a great trading day!


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