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: 08 Sep 2010 06:54 AM PDT

Here is the hourly perspective for US session:

http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2010-09-08.v02.html

Best pair to trade now: EUR/USD

Posted: 08 Sep 2010 04:52 AM PDT

Here is my first choice for today:

http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2010-09-08.v02.html

Majors’ sentiment for today

Posted: 08 Sep 2010 04:43 AM PDT

Here is the majors’ sentiment for today:

Eur/Usd: Slightly Bullish

Gbp/Usd: Bullish

Usd/Chf: Neutral

Usd/Jpy: Bearish

Eur/Gbp: Bearish

Eur/Jpy: Slightly Bullish

Gbp/Jpy: Bullish

Starting the day

Posted: 08 Sep 2010 04:31 AM PDT

Hi everyone and welcome back! Mood changed again in markets in this European morning, with stocks up and riskier assets also up. Dollar is losing ground yet take a look at gold: the metal quotes above $ 1260/oz, barely 5 bucks away from its all time high posted past June.

Dollar rallies seemunlikely in this environment, as safe haven assets such as Yen, Chf and mentioned gold remain quite strong, while aussie approaches to weekly high. Canadian dollar is a bit delayed, as we have there a goodnumber of macroeconomic news today, including rates decision and investors are not taking their chances before it. BOC is expected to raise their overnight rate to 1.00%; keep in mind market has already priced in that info, and will mostly be focusing in the others reports.

USD/JPY tested past June 1995 low at 83.35, bouncing back towards 84.00, where sellers come back to limit the upside. Statistically, September is a bearish month for Japanese yen, I will prepare a little resume of that to share with you. Under that level, next important support comes at 81.77, May 1995 low, and as long as under 84.00, seems we are heading there.

Anyway! enough talking, will start with some technicals; here is the link for today’s calendar:

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

Have a great day!