The Advisor Weblog |
| Hourly perspective for US session Posted: 13 Sep 2010 06:46 AM PDT Here is teh hourly perspective for US session:
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| Posted: 13 Sep 2010 04:36 AM PDT Here is the majors’ sentiment for today: Eur/Usd: Slightly Bullish Gbp/Usd: Bearish Usd/Chf: Bearish Usd/Jpy: Bearish Eur/Gbp: Bullish Eur/Jpy: Slightly Bullish Gbp/Jpy: Bearish
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| Posted: 13 Sep 2010 04:27 AM PDT Hi everyone, here we are again. As comment on past Asian opening, dollar hold a weak tone along the Asian session, with EUR/USD reaching 1.2810/20 target zone. Still European morning sees majors unable to extend gains despite positive tone in local share markets; except AUD and CAD, that continue heading higher (looking a bit overextended right now, and probably aiming from some dollar favored corrective movements), Euro was unable to extend gains thus the bullish tone persist as long as above 1.2780. GBP/USD tested strong 1.5470/80 area, and slump from the levels, as an optimism index that reflects how businesses will develop in the upcoming 2 quarters for the UK, tumbled to 2008/2009 lows. Capped now under 1.5420/30 immediate resistance area, pair remains generaly weak, aiming to approach back to 1.5330 lows area. USD/JPY regained the downside, hovering around 84.00. Unable to recover ground as Nikkei finally closed to the downside despite the impressive 1.0% opening up, the bearish trend in the cross remains intact: 83.60, and 83.35 are next in line. We have no data in the upcoming hours, but a tentative speech from Mr. Jean Claude Trichet; I guess he wants to push away sovereign debt ghost that are flying in the market since past week. Will take a look at technicals and come back. Have a great trading day!
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