The Advisor Weblog

Hourly perspective for US session
Eur/Usd technical perspective
Majors’ sentiment for today
Starting the day

Hourly perspective for US session

Posted: 07 Sep 2010 06:48 AM PDT

Here is the hourly perspective for US session. As usual, when risk is the motion, keep an eye on stocks:

http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2010-09-07.v02.html

Eur/Usd technical perspective

Posted: 07 Sep 2010 05:43 AM PDT

Here is the EUR/USD technical perspective for today:

http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2010-09-07.html

Majors’ sentiment for today

Posted: 07 Sep 2010 05:34 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: 07 Sep 2010 05:29 AM PDT

Hi everyone and welcome back! Honestly, I was not expecting Euro to lose that much ground today; Asian opening triggered a sell off in the cross, starting with a WSJ note about euro zone stress test not showing the real debt risk in the zone. Really, not kidding me? and now we care about that; that’s why I mostly prefer the short term, and refuse to made long term forecast. Anyway! Spread between bonds Irish and Portuguese against German, has widen wildly since European opening, and the common currency seems unable to even correct higher. Seems further dollar and yen gains are about to be seen if stocks continue the slump.

Yen is barely 15 pips above its 15-year low of 83.60, and after past BOJ meeting left economic policy unchanged, little or nothing could change the bearish trend of the cross; 83.35 and 82.90 are next in line.

Here is the link for today’s calendar, as we are overwholme with data this week, while I prepare eur/usd tecnical view:

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

Have a great day!