The Advisor Weblog

Hourly perspective for US session
Best pair to trade now: EUR/USD
Majors’ sentiment for today
Starting the day

Hourly perspective for US session

Posted: 16 Aug 2010 06:45 AM PDT

Here is the hourly perspective for US session:

http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2010-08-16.html

Best pair to trade now: EUR/USD

Posted: 16 Aug 2010 04:33 AM PDT

Here is my first choice for today:

http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2010-08-16.html

Majors’ sentiment for today

Posted: 16 Aug 2010 04:24 AM PDT

Here is the majors’ sentiment for today:

Eur/Usd: Slightly Bullish

Gbp/Usd:Neutral

Usd/Chf: Bearish

Usd/Jpy: Bearish

Eur/Gbp: Bearish

Eur/Jpy: Bearish

Gbp/Jpy: Slightly Bearish

Starting the day

Posted: 16 Aug 2010 04:10 AM PDT

Hi everyone and welcome back! As comment past Asian session in the weekly opening Live coverage, dollar and yen were meant to extend their rallies past Asian session, with the latest stronger due to American economic woes.

Short corrective movements against greenback are taking place rigth now, thus at this point, they are hardly more than corrections after past week gains; and I don’t expect much more definitions today, as Mondays lately had been days to forget.

While yen holds it’s bullish tone across the board, Swiss Franc follows as the second stronger currency across the board. Still USD/CHF has just bounced back up from the base of the 300 pips range the pair has been moving since early July. Indeed, seems a bit too late to join the selling there, at least during this August. Euro and Pound remain under pressure, thus holding above daily lows: will be following those levels today, and how close we end the day to them.

Here is the link for today’s calendar:

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

Have a great day!