Tuesday, January 4, 2011

The Advisor Weblog

The Advisor Weblog


Hourly perspective for US session

Posted: 04 Jan 2011 06:40 AM PST

Best pair to trade now: GBP/USD

Posted: 04 Jan 2011 04:01 AM PST

Starting the day

Posted: 04 Jan 2011 03:58 AM PST

Hi everyone and welcome to 2011. Slowly market is returning to normal, as holidays are finally over and investors return; dollar has been since past Thursday under strong pressure, with gold rising above $ 1400/oz and consolidating gains, and stocks strongly positive also: Wall Street ended the year at highs, supporting greenback slide.

Strong rallies early Europe are now  in correction mode, and we could expect action to remain limited ahead of FOMC Minutes later today; previous one, focused the attention on employment, so ahead of this Friday’s US Payrolls, the market will probably react on any employment comment. Here is the link for today’s calendar, while I start with the technicals for today:

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

Have a great day!


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