The Advisor Weblog |
| Posted: 16 Feb 2011 05:02 AM PST Market has been particularly quiet ahead of US housing and inflation data, with dollar slightly higher across the board: gold is slightly down, yet oil recovered strongly since Asian session, approaching to $ 89.00 a barrel. Next 30 minutes will define the day. Give the market time to define the day!
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| Best pair to trade now: GBP/USD Posted: 16 Feb 2011 03:12 AM PST Here is my first choice for today: http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2011/02/16/02/
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| Posted: 16 Feb 2011 02:52 AM PST Hi everyone and welcome back! Asian share markets managed to pick up late session despite a negative opening, sending dollar lower across the board, with major crosses overcoming yesterday’s range. Euro reached 1.3570 area, while GBP/USD hit past week high at 1.6185. However the cross is already 100 pips lower after BOE’s inflation report, showing CPI around 1.7% in 2 years, if rates follow market path, having reached so far 1.6050 price zone, and giving greenback some support against other rivals. Plenty of data ahead today, so here is the link for todays' calendar: http://www.fxstreet.com/fundamental/economic-calendar/ Have a great day!
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