The Advisor Weblog

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

Hourly perspective for US session

Posted: 01 Dec 2010 06:33 AM PST

Here is the hourly perspective for US session:

http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2010/12/01/07/

GBP/USD loses momentum

Posted: 01 Dec 2010 04:50 AM PST

Pound is losing bullish momentum and confrimations that the corrrection is complete and the pair will resume previous bearish trend, could come arounf 1.5560: the pair shows in the hourly chart both 20 SMA and a short term ascendnat trend line around that level; below it, 1.5500/10 and 1.5440 are next strong supports, while above 1.5620, pair could attempt to break early high and extend gainst to 1.5660 price zone. Tops for today seems 1.5710, still can’t see the pair reaching that level.

Best pair to trade now: EUR/USD

Posted: 01 Dec 2010 04:06 AM PST

Here is my first choice for today:

http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2010/12/01/02/

Majors’ sentiment for today

Posted: 01 Dec 2010 04:03 AM PST

Majors’ sentiment for today:

Eur/Usd: Bullish

Gbp/Usd: Bullish

Usd/Chf: Bullish

Usd/Jpy: Slightly Bullish

Eur/Gbp: Bullish

Eur/Jpy: Bullish

Gbp/Jpy: Bullish

Starting the day

Posted: 01 Dec 2010 03:55 AM PST

Hi everyone and welcome back! Wednesday is corrections day, with stocks higher and so Euro and Pound. Save havens Swiss Franc and Yen are losing ground yet Japanese yen is contained by rising gold prices, that approaches quickly to the $ 1400/oz (also weighting on dollar). Early data was quite positive in Europe and the UK, supporting the movements. Still at this point, they are mere corrections. No bottom call for yesterday’s lows at this time, let’s see how we end the day