Monday, November 15, 2010

The Advisor Weblog

The Advisor Weblog


Hourly perspective for US session

Posted: 15 Nov 2010 06:53 AM PST

Best pair to trade now: EUR/USD

Posted: 15 Nov 2010 04:26 AM PST

Majors’ sentiment for today

Posted: 15 Nov 2010 04:23 AM PST

Here is majors’ sentiment for today:

Eur/Usd: Bearish

Gbp/Usd: Neutral

Usd/Chf: Slightly Bullish

Usd/Jpy: Bullish

Eur/Gbp: Slightly Bullish

Eur/Jpy: Slightly Bullish

Gbp/Jpy: Slightly Bullish


Starting the day

Posted: 15 Nov 2010 04:12 AM PST

Hi everyone, and welcome to this blog! a New week started, and dollar managed to extend gains strongly against euro, that remains the weakest currency across the board. Commodities are in general down (except oil that hangs around $ 85.00 a barrel) giving some support to greenback across the board.

Despite the euro zone had a bigger than expected trade surplus in September, of 2.9 billion euros in September, up from 1.4 billion last year and a deficit of 5 billion euros in August, reports can hardly change a trend when we have one. I would expect euro to test at least 1.3500 in the upcoming sessions, as the level represents the 50% retracement of the 1.5140/1.1870 rally.

Pound also give up some ground, yet holds above 1.6000. Pound will likley find more support on dollar gains, than other european currency. Anyway! we have today Retail Sales in the US, so market will be probably waiting for it, before strong movements are seen. Here is the link for today’s calendar:

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

Have a great day!


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