Tuesday, October 5, 2010

The Advisor Weblog

The Advisor Weblog


Hourly perspective for the US session

Posted: 05 Oct 2010 06:46 AM PDT

Best pair to trade now: EUR/USD

Posted: 05 Oct 2010 04:37 AM PDT

Majors’ sentiment for today

Posted: 05 Oct 2010 04:32 AM PDT

Here is the majors’ sentiment for today:

Eur/Usd: Bullish

Gbp/Usd:  Bullish

Usd/Chf: Bearish

Usd/Jpy: Bearish

Eur/Gbp: Bullish

Eur/Jpy: Slightly Bullish

Gbp/Jpy: Slightly Bullish


Currencies 1 - Dollar 0

Posted: 05 Oct 2010 03:49 AM PDT

Hi everyone and welcome back! first round of Central banks had pass, with RBA leaving rates on hold at 4.50% and BOJ cutting rates from 0.10% to 0-0.10%. Aussie fell on news, as well as Yen yet dollar weakness across the board remains intact: Swissy is at a fresh 2-year low, Pound approaching 1.5900 and Euro aiming to gain the 1.3800 level. USD/JPY erased all gains post rate cut, back at 83.40, while Aussie quotes around 0.9600, so far the only currency losing ground against greenback this Tuesday.

Gold set a fresh all time high barely under $ 1330/oz, while Oil is back around $ 82.00 a barrel, another reason to sell dollars; local share markets had a slightly negative tone, while US futures are slightly up rigth now.

So far, dollar bearish trend remains intact, having pass trough the first round of Central Banks; will probable extend till Thursday, when times come for BOE and ECB. Will take a look at technicals, check at today’s calendar in the mid time:

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

Have a great day!

 


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