The Advisor Weblog |
- Hourly perspective for the US session
- And risk turns
- Market is nervous
- Best pair to trade now: EUR/USD
- Majors’ sentiment for today
- Starting the day
| Hourly perspective for the US session Posted: 19 Nov 2010 06:25 AM PST Here is the hourly perspective updated for the US session:
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| Posted: 19 Nov 2010 04:41 AM PST Stocks are falling into deep red while so do commodities, sending dollar higher across the board, after IMF’s Kahn said Europe has serious growth problems.. no kidding right? As comment on the daily opening, is not the wisest idea thinking conversations and arrangements of an Ireland bailout already saved the Euro.
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| Posted: 19 Nov 2010 03:04 AM PST News that China rose its reserve requirements by 50 bps, where misunderstood for a couple of seconds, as rumors of a rate hike are still too present in investors´mind: dollar spiked higher yet of course did not last and re-buy of positions sent greenback below previous lows against Euro, near key 1.3735 level. Seems investors are a bit over stressed, TGIF!! ;)
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| Best pair to trade now: EUR/USD Posted: 19 Nov 2010 02:37 AM PST Here is my first choice for today: http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2010-11-19.html
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| Posted: 19 Nov 2010 12:56 AM PST Here is majors’ sentiment for today: Eur/Usd: Bullish Gbp/Usd: Bullish Usd/Chf: Slightly Bearish Usd/Jpy: Slightly Bearish Eur/Gbp: Bullish Eur/Jpy: Neutral Gbp/Jpy: Neutral
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| Posted: 19 Nov 2010 12:54 AM PST Hi everyone and welcome back! Friday, Nikkei hit a fresh 5-month high, closing above 10,000 and favoring past Thrusday’s risk appetite environment, with dollar back down against it’s rivals. European ones lead the wat, while AUD and CAD are barely unchanged from past American session close; could be some profit taking ahead of the weekend, and the fact that market was overloaded with rumors China will be doing a rate hike this weekend since mid Asian session. Anyway, as comment on past Asian session opening Webinar current bullish movement, in EUR or AUD against greenback, is still below the 38.2% retracement of the last daily fall, so could be consider corrective. I don’t believe that Ireland is already saved, and with Greece struggling to accomplish the austerity targets imposed by the EU, rescheduling debt seems a possibility; if Greece do so, won’t take long before the rest of the euro zone troubled countries follow, and that’s quite euro negative; I won’t be putting to much faith in Euro recovery, at least for now. Pound is slightly higher also, althoughthe upside midterm talking, seems limited as long as below 1.62 price zone. Currently above 1.6060, needs to regain firmly above 1.6110 to gain a bit more strength. Still “recession” is sounding out loud in the UK, main reason strength seems not enough to break the last weeks range. Risk sentiment today is far from the usual “risk aversion Friday”, at least by now; if changes comes, should be closer to Wall Street opening. No more fundamental data today, but speeches from Bernanke, Trichet, and Tucker! Meaning FED, ECB, and BOE so just in case, keep an eye on today’s calendar: http://www.fxstreet.com/fundamental/economic-calendar/ Have a great day!
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