The Advisor Weblog

Majors’ sentiment for today
best pair to trade now: EUR/USD
Risk aversion Friday

Majors’ sentiment for today

Posted: 26 Nov 2010 02:49 AM PST

Majors’ sentiment for today:Eur/Usd: Bearish

Gbp/Usd: Bearish

Usd/Chf: Slightly Bullish

Usd/Jpy: Slightly Bullish

Eur/Gbp: Bearish

Eur/Jpy: Bearish

Gbp/Jpy: Slightly Bearish

best pair to trade now: EUR/USD

Posted: 26 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/2010-11-26.html

Risk aversion Friday

Posted: 26 Nov 2010 01:33 AM PST

hi everyone and welcome back! A more than quiet Thursday favored a small dollar slide across the board, that remained limited as per the lack of volume as comment on previous post. However, European session started with a strong negative sentiment, alarmed by rumors that the euro zoneis urging Portugal to seek aid. Portugal’s bonds fell again, while euro zone fundamental data came out negative: Import prices fell in Germany, French consumer spending come out negative, and money supply was unable to reach expectations. EUR/USD is nearing the 1.3220 target set past Asian session opening during the daily Wrap Up Webinar, the ascendant trend line coming from yearly low at 1.1870, while Pound lost the 1.5700 level, with next support around 1.5660, while AUD/USD has reached and remain near key strong long term support, the 0.9650/60 price zone. Below this last, we should have a lot of stops gathered, and I do expect some sell off if mentioned supports give up. For USD/JPY, key resistance area lies around 84.30, 100 DMA. Above this one, we could expect a midterm bullish rally.

There is just one more fundamental news ahead, in Switzerland, so here is the link for todays’ calendar:

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

Have a great day!