Thursday, August 12, 2010

The Advisor Weblog

The Advisor Weblog

Hourly perspective for US session

Posted: 12 Aug 2010 06:39 AM PDT

EUR/USD technical points

Posted: 12 Aug 2010 04:58 AM PDT

Here is the technical perspective updated for EUR/USD:

http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2010-08-12.html

And the daily chart ;)

 

Majors’ sentiment for today

Posted: 12 Aug 2010 04:56 AM PDT

Here is the majors’ sentiment for today:

Eur/Usd: Bearish

Gbp/Usd: Bearish

Usd/Chf: Neutral

Usd/Jpy: Bearish

Eur/Gbp: Neutral

Eur/Jpy: Bearish

Gbp/Jpy: Bearish

Starting the day

Posted: 12 Aug 2010 04:55 AM PDT

Hi everyone and welcome back. Despite some yen weakness early Europe on some Japanese authorities usual jawboning, market seems pretty quiet in this European morning, with dollar bullish momentum intact. Also yen crosses hold their strength and are back heading south, with EUR/JPY leading the way. Indeed, all of a sudden, Euro and it’s sovereign debt is back, after rumours yesterday of ECB buying Irish debt. That means, no one else is interested in buying those papers, and adding to the risk aversion sentiment, Euro is back under pressure, testing it’s 100 DMA.

Pound is also at daily lows aiming for a downside continuation, with 1.5560 as immediate support: 50% retracement of the 1.5120/1.5999 rally; break lower will be a strong bearish continuation signal.

Stocks markets are also heading south, so don’t expect dollar or yen loses today, if conditions remain like this. Rather the opposite;  we have unemployment claims in about 30 minutes in the US that could be an interesting trigger so, here is the link for today’s calendar, while I check euro:

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

Have a great day!
Posted by at 6:16 PM

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