The Advisor Weblog |
| Hourly perspective for US session Posted: 25 Feb 2011 06:37 AM PST Here is the hourly perspective for US session:
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| Posted: 25 Feb 2011 05:34 AM PST Preliminary GDP in the US q/q come out below previous quarter and below expectations actually at 2.8%; with current market conditions investors don’t need to many reasons to sell the greenback, and dollar spiked down across the board, with EUR/USD back at 1.3780 and AUD, CHF and JPY running to daily highs. Pound remains weak, although aiming to regain now the 1.6100 area.
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| Posted: 25 Feb 2011 04:16 AM PST Hi all, here is the technical update for EUR/USD; market will probably remain quiet ahead of US GDP to be release in an hour or so. Guess data will decide today’s trend, although dollar weakness has still little to change for. http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2011/02/24/
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