Friday, March 4, 2011

The Advisor Weblog

The Advisor Weblog

Hourly perspective for US session

Posted: 04 Mar 2011 06:44 AM PST

US Payrolls Numbers

Posted: 04 Mar 2011 05:34 AM PST

Data is quite positive as the economy created 192K new jobs, and unemployment rate fell again to 8.9%; long time since we don’t see it below 9.0%!

Market however, reacted selling greenbacks on further risk appetite against commodity and European majors, and even safe havens yen and Swiss Franc are running higher against dollar. Crude is testing recent highs above $103 a barrel, and gold turned intraday positive.

Give the market a 15 minutes candle to diggest the new.

GBP/USD, technical perspective

Posted: 04 Mar 2011 04:16 AM PST

Starting the day

Posted: 04 Mar 2011 04:08 AM PST

Hi everyone and welcome back! Ahead of Payrolls, market is mostly quiet, with majors continuing yesterday’s movements, stocks slightly highers, oil quite strong and gold a bit weaker. I have tell you several times Payrolls are one of the reports that can change trend, although I believe chances are quite small today.  We also know market reaction depends of how shocking numbers are; shockingly positive, or negative, will move the market more than around expectations.

While Euro continues is ride higher, Pound seems ready to regain also the upside.  Save havens CHF and JPY are steadily lower against greenback, yet unable to clearly break strong resistances areas, 0.9320 for USD/CHF AND 82.50/60 for USD/JPY; anyway! we are in waiting mode until the data is released; here is the link for todays calendar:

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

Have a great day!
Posted by at 5:14 PM

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)