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: 26 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/2010-08-26.v02.html

Best pair to trade now: EUR/USD

Posted: 26 Aug 2010 03:46 AM PDT

Here is my first choice for today:

http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2010-08-26.v02.html

Majors’ sentiment for today

Posted: 26 Aug 2010 03:40 AM PDT

Here is the majors’ sentiment for today:

Eur/Usd: Slightly 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: 26 Aug 2010 03:18 AM PDT

Hi everyone and welcome to this blog! European morning is seeing some dollar weakness across the board, with stocks slightly positive easing the risk aversion environment we had first days’ of the week. Besides as we comment yesterday US data is quite scary lately, and greenback will have difficulties to find support; uneventful news this morning for Euro and Pound, both currencies are close to interesting resistance areas against greenback, 1.2735 for Eur/Usd, 1.5560 for Gbp/Usd; technical confirmations, or at least a strong acceleration above those areas should signal further bullish strength today for both crosses.

Usd/Jpy remains capped under 84.70/80 area, and for what I can see, we remain bearish in the cross; we need to regain at least 86.40 to talk about recovery, and seems too far away right now. Intervention seems even more far away. Swissy remains for me, the strongest currency across the board.

Anyway, we have weekly unemployment claims today in the US, with no much more significant news till tomorrow; here is the link for today’s calendar:

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

Have a great day!