The Advisor Weblog

US positive data
Best pair to trade now: GBP/USD
Starting the day

Posted: 14 Dec 2010 05:33 AM PST

US data comes out above expectations, with Retail sales up to 0.8% and core retail sales strongly up to 1.2%, while monthly PPI also overcome expectations reaching 0.8%. Dollar is regaining ground across the board, still far from positive.

Best pair to trade now: GBP/USD

Posted: 14 Dec 2010 04:29 AM PST

Here is my first choice for today:

http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2010/12/14/02/

Starting the day

Posted: 14 Dec 2010 04:11 AM PST

Hi everyone and welcome back! Greenback continues to be punished by market sentiment, having fell as far as 1.3500 against Euro over current European session, while Pound stalled just below 1.5920. Early news had been mostly positive in Europe, supporting the market, while in a less than 2 hours, Retail Sales and PPI in the US, are surely going to move the market. Most of this run has maybe a lot to do with upcoming FOMC decision later on the day: market has been speculating on QE 3, and while last employment readings were quite disappointing, fears of a growth downgrade are also weighing on investors right now.

Anyway, I will start taking a look at technical, so here is the link for today’s calendar:

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

Have a great day!