Posted: 18 Aug 2010 06:47 AM PDT

Here is the hourly perspective for US session:

http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2010-08-18.html

Best pair to trade now: GBP/USD

Posted: 18 Aug 2010 05:09 AM PDT

Here is my first choice for today:

http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2010-08-18.html

Starting the day

Posted: 18 Aug 2010 04:53 AM PDT

Hi everyone, and welcome back! Not posting much these days, as really, there seems to be not much more to add to the last updates; I do see summer effect weighting now stronger in the market: lack of volume and definitions, choppy movements in Europeans and ranges. I do still see strength in 3 currencies overall: Swiss Franc, Japanese Yen, and Canadian Dollar. On the other hand, as comment past Sunday in the weekly opening, greenback looks far more weak than past week; still not much definitions to follow. Seems we have to wait a couple of weeks to see them.

Short term talking, EUR/USD remains capped under 1.2900, with no aims from the technical perspective, to run higher. Also, lose of the 1.2800 area seems unlikely, and I will be favoring the upside in the cross today. Anyway, will take a look at technicals to see what we can find today.

Here is the link for today's calendar:

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

Have a great day!