The Advisor Weblog

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

Hourly perspective for the US session

Posted: 06 Dec 2010 07:00 AM PST

Here is the hourly perspective for US session:

http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2010/12/06/02/

Best pair to trade now: GBP/USD

Posted: 06 Dec 2010 04:56 AM PST

Here is my first choice for today:

http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2010/12/06/02/

Majors’ sentiment for today

Posted: 06 Dec 2010 04:48 AM PST

Majors’ sentiment for today:

Eur/Usd: Slightly Bullish

Gbp/Usd: Slightly Bearish

Usd/Chf: Bullish

Usd/Jpy: Slightly Bullish

Eur/Gbp: Slightly Bullish

Eur/Jpy: Neutral

Gbp/Jpy: Neutral

Starting the day

Posted: 06 Dec 2010 04:36 AM PST

Hi everyone and welcome back! Week starts quiet after Friday’s news: US employment situation has worsen beyond expectations, with unemployment rate reaching 9.8% and the economy unable to create more than 39K new jobs, against triple expected, sending the dollar down heavily even against Euro; investors’ attention shifted from euro zone financial woes, to US weakness and QE; past Asian session, rumors where talking about QE 3 already, after Bernanke said they could extend beyond the $ 600B announced past month. Still, past Friday’s rallies are being corrected today, with stocks and commodities lower. I know I have said this several times, but well, this is December: don’t expect too much trend definitions, and on contrary, choppy movements will only be increasing day after day.

Here is the link for today's calendar:

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

Have a great day!