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Hourly perspective for US session
US data, mixed
GBP/USD over extended
Best pair to trade now: EUR/USD
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Hourly perspective for US session

Posted: 15 Feb 2011 06:49 AM PST

Here is the hourly perspective updated for the US session:

http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2011/02/15/02/

US data, mixed

Posted: 15 Feb 2011 05:35 AM PST

Retail Sales come out under expectations, while the empire State manufacturing index overcome them. Dollar is down across the board, testing daily lows against Pound and CAD, that seem ready to extend gains today. Euro still hesitates. Give market a couple of minutes to diggest the news, yet dollar seems not to be going to be favored today.

GBP/USD over extended

Posted: 15 Feb 2011 04:45 AM PST

GBP/USD seems a bit overextended in the hourly chart, yet still strongly bullish in the 4 hours one; that suggest some consolidation, short lived retracements, before a new run higher: as long as above 1.6100, price will likely extend gains above today’s high, with immediate resistance at 1.6185, past week high. If above, 1.6220 is next. Supports, below 1.6100, comes at 1.6060 and 1.6010 price zone, yet seems unlikely price testing this area today.

Best pair to trade now: EUR/USD

Posted: 15 Feb 2011 03:26 AM PST

Here is my first choice for today

http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2011/02/15/

Back to markets!

Posted: 15 Feb 2011 02:46 AM PST

Hi everyone, and welcome back! I have left markets for 10 days, pack my stuff and run to a small village with no Internet, and lots of sun and beach. Indeed, it was long since I did not took such rest, and I needed it.As much as I love and enjoy my work, sometimes we need a break, as I was really suffering from lack of perspective in the market, not to mention, words about market conditions were lost in the mist of exhaustion. Yet I’m back, with the batteries charged, already excited of what’s ahead. If something, I followed the Egypt pacific revolution; egyptian people should be extremely proud at this point, showing the world things can change. It won’t be easy, but is a huge start.

Anyway! let me take a look at charts, and see what we can expect from today; here is the link for todays’ calendar:

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

Have a great day!