The Advisor Weblog |
- Hourly perspective for US session
- Dollar gains as gold slumps
- Best pair to trade now: AUD/USD
- Canada employment data
- Starting the day
- FX Traders Survey
| Hourly perspective for US session Posted: 10 Sep 2010 06:36 AM PDT Here is the hourly perspective for US session:
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| Posted: 10 Sep 2010 05:46 AM PDT Dollar is gaining ground across the board, as gold slumps: in what was a quiet morning, greenback accelerated higher quite fast following gold, that lost almost 10 full bucks in the last hour; taking a look at the chart, the break of the ascendant trend line seems to signal further falls in the metal. Immediate support comes at $ 1237.80 zone, followed by $ 1.231.00. Resistances now are located at $ 1242 and $ 1246, pullback to mentioned trend line.
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| Best pair to trade now: AUD/USD Posted: 10 Sep 2010 04:06 AM PDT Here is my first choice for today: http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2010-09-10.html
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| Posted: 10 Sep 2010 04:05 AM PDT Canada employment data come out mixed, with jobs increasing above expectations to 35.8K, yet unemployment rate also up to 8.1%. First reaction has favored CAD as USD/CAD spiked to a fresh weekly low around 1.0285; lose of 1.0260 should put the pair under renewed bearish pressure, heading towards 1.0200/10 zone. Strong resistance comes at 1.0340: above this last, a bullish movement should extend towards 1.0410 area. Charts however, are still bearish, with no signs of oversold, or reversal, so if current risk appetite mood continues, chances are to the downside in the cross.
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| Posted: 10 Sep 2010 03:58 AM PDT Hi everyone and welcome back! Friday is here, and market seems to be in a very good mood; stocks are quite positive, Euro and Pound holding gains and aiming higher, while USD/JPY continues attempting to regain the 84.00 level. USD/CHF broke above 1.0220, triggering stops are jumping higher, still day is too young to talk about a reversal in Swissy strong bullish trend. A daily close however, above that area, could signal further upside pressure for next week. Aussie continues gaining ground approaching to weekly high around 0.9280, with immediate target above that level in the 0.9380 area, 100 pips above, and yearly high. Cad is waiting for its payrolls, to be release right now! Here is the link for today’s calendar, so you don’t miss it, I will update technical crosses tight after the report: http://www.fxstreet.com/fundamental/economic-calendar/ Have a great day!
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| Posted: 10 Sep 2010 03:53 AM PDT Hello on behalf of FXstreet.com We wanted to inform you that FXstreet.com just launched the first ever industry-wide survey among forex traders in collaboration with other portals and CitiFX Pro: http://www.fxstreet.com/about/survey/ You can read more about this in our CEO’s blog: http://blogs.fxstreet.com/francesc/2010/09/09/citifx-to-launch-first-ever-survey-of-forex-traders/ Help us to profile the actual FX trader. Thanks in advance for participating! FXstreet.com Team
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