The Advisor Weblog |
- Hourly perspective for US session
- US ADP much worse than expected
- Majors’ sentiment for today
- Best pair to trade now: EUR/USD
- Starting the day
| Hourly perspective for US session Posted: 01 Sep 2010 06:41 AM PDT Here is the hourly perspective for the US session:
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| US ADP much worse than expected Posted: 01 Sep 2010 05:22 AM PDT The employment private survey come out showing a very negative reading, announcing a 10K lost of job positions in the US after past month reading of an increasing 40K and an expected 20K rise. Data is triggering some risk aversion as stocks fall, while USD/JPY first to react, approached to 83.60 support. Euro holds around 1.2800, let’s see what happens after this first spike.
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| Posted: 01 Sep 2010 04:57 AM PDT Here is the majors’ sentiment for today: Eur/Usd: Bullish Gbp/Usd: Neutral Usd/Chf: Bearish Usd/Jpy: Bearish Eur/Gbp: Bullish Eur/Jpy: Slightly Bullish Gbp/Jpy: Slightly Bearish
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| Best pair to trade now: EUR/USD Posted: 01 Sep 2010 04:56 AM PDT Here is my first choice for today: http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2010-09-01.v02.html
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| Posted: 01 Sep 2010 04:55 AM PDT Hi everyone, and welcome back! Again, not mostly fundamental data, but risk sentiment is moving currrencies: despite euro zone final manufacturing PMI was revised to the upsde, reading is at the last, the lowest since past February, while German Retail Sales came out weaker than expected; the euro managed to regain the upside following strong gains in European stocks, quoting around 1.2800, still aiming higher. USD/JPY is breaking 84.00, a bit scary considering risk sentiment should favor the upside in the cross, thus as comment on previous updates, atacched to it’s long term bearish trend: jawboning never resulted for BOJ. under previous low of 83.60, 83.35 (June 1995 low) and the 83.00 area are next in line. GBP/USD capped under 1.5420, could extend the upside towards 1.5470 and 1.5520 later today: pair has been following the rest with delay. Anyway! we have ADP in a while, watch the numbers could trigger some interesting spikes across the board: http://www.fxstreet.com/fundamental/economic-calendar/ Have a great day!
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