The Advisor Weblog

Best pair to trade now: GBP/USD

Posted: 12 Jan 2011 03:05 AM PST

Here is my first choice for today:

http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2011/01/12/02/

Starting the day

Posted: 12 Jan 2011 02:53 AM PST

Hi everyone and welcome to this blog! Good mood has extended over past Asian sessionand early Europe, with local share markets and Wall Street futures intraday positive. Still, commodities are on the fall now, while dollar loses are being reverted: EUR/USD that reached 1.3050 is back struggling around 1.3000, while Pound approaches to key 1.5600 price zone, having been as high as 1.5681. News over the euro zone had been slightly positive, with industrial production improving, while bond yield spread in between Portugal and Germany tightened a bit today, back below 400 bps.

Day is still young and we have several minor reports ahead, so here is the link for today's calendar:

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

Have a great day!