The Advisor Weblog

Hourly perspective for US session
Unemployment claims
Best pair to trade now: GBP/USD
Majors’ sentiment for today
Starting the day

Hourly perspective for US session

Posted: 28 Oct 2010 06:37 AM PDT

Here is the hourly perspective updated for the US session:

http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2010-10-28.v02.html

Unemployment claims

Posted: 28 Oct 2010 05:35 AM PDT

US unemployment claims show an interesting improve, falling to 435K last week, and triggering a strong run in stocks; dollar is falling and I am watching what will EUR/USD do, once aorund 1.3890/1.3900.. if above, rally will extend first to 1.3935, and then towards 1.3970

Best pair to trade now: GBP/USD

Posted: 28 Oct 2010 04:35 AM PDT

Here is my first choice for today:

http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2010-10-28.html

Majors’ sentiment for today

Posted: 28 Oct 2010 04:32 AM PDT

Here is majors’ sentiment for today:

Eur/Usd: Slightly Bullish

Gbp/Usd: Bullish

Usd/Chf: Slightly Bearish

Usd/Jpy: Bearish

Eur/Gbp: Bearish

Eur/Jpy: Neutral

Gbp/Jpy: Slightly Bullish

Starting the day

Posted: 28 Oct 2010 04:28 AM PDT

Hi everyone and welcome back! Another day in forex paradise starts with majors higher against greenback, with mixed gains: Pound, Euro and Cad erase or nearly do, yesterday’s loses, while some gains such as Swissy or Aussie ones seem more limited, as gold remains weak below $1330. I do believe that ahead of the last day of the month, and the key events we are about to see next week, including FED monetary policy decision, we are going to see much of this position adjustments these last two days of the week.

Stocks are flat, gold is slightly up, and oil slightly down today, suggesting we could see some range and slowmo movements today, as there is only one more fundamental report that could move market in the upcoming hours: US weekly unemployment claims, not a big trigger you know.

I’m still surprise with Pound recovery, I was quite bearish in the currency, yet now, seem ready to break higher, heading towards 1.5960 price zone. EUR/USD, will find strong resistance around 1.3890 if reached, and I won’t be surprise if sellers appear there. Still see the USD/CHF heading higher, and I would love to see a weekly close above 0.9920 area, to confirm a mid term continuation bullish run.

Anyway! here is the link for today’s calendar:

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

Have a great day!