The Advisor Weblog

First Webinar of the Beginners Corner
Majors hourly perspective for US session
EUR/USD: ready to hit fresh highs
Dollar eases on strong commodities and stocks
SNB's Hildebrand pushes USD/CHF to record lows
Starting the day

First Webinar of the Beginners Corner

Posted: 29 Apr 2011 07:26 AM PDT

Don't miss today the first webinar of the Begginers Corner, today at 17:00 GMT.

Besides the basis of forex and technical analysis I will be sharing with you some trading tips.

See you all there!

You can register here:

http://www.fxstreet.com/webinars/sessions/session.aspx?id=8b2a71fb-3109-457f-96fb-cb3643f06e40

Majors hourly perspective for US session

Posted: 29 Apr 2011 06:49 AM PDT

Here is the hourly perspective for the US session:

http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2011/04/29/

EUR/USD: ready to hit fresh highs

Posted: 29 Apr 2011 02:40 AM PDT

Here is the technical view for EUR/USD:

http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2011/04/29/

Dollar eases on strong commodities and stocks

Posted: 29 Apr 2011 02:27 AM PDT

London could be closed, but not the rest of Europe: DAX is about to break yesterday's high, US futures are also in positive territory,oil nearing $ 113.00 a barrel and gold firm above $ 1530/oz. Dollar is then falling across the board, with EUR/USD at 1.4867, approaching to 1.4881 yearly high; above, next resistances come at 1.4920 and 1.4950 for today, while 1.4840 and 1.4810 become supports.

GBP/USD is up to 1.6685, with 1.6715 and 1.6750 as immediate target areas, while supports lie at 1.6630 area and 1.6600, previous high.

SNB's Hildebrand pushes USD/CHF to record lows

Posted: 29 Apr 2011 01:55 AM PDT

Hildebrand come to the wires stating that despitecurrent Swissy strength, the economy is growing at a stronger pace than anticipated; while market is extremely thing, USD/CHF lost over 50 pips in the last hour, and despite extreme oversold readings in the daily chart, the pair approaches to past Wednesday low @ 0.8670; below 0.8660 pair should extend fall to 0.8600/20 price zone. The upside is capped now by 0.8740 aarea, while far away, 0.8900 is the level to overcome to talk about an interim bottom and a potential reversal in the pair.

Starting the day

Posted: 29 Apr 2011 01:06 AM PDT

Hi everyone, and welcome to this blog. Friday starts with a soft tone, with Tokyo on holiday and majors limited to tight ranges; London will also be closed today, as per the royal weeding, so expect volume to remain pretty low in current European session.

Regarding what we saw late Thursday in the US session, with the dollar gaining ground across the board, I believe there was mostly profit taking; the dollar bearish trend has no signs of reversion, and deeps of mayors are still seen as buying oportunities in the market.

Some minor data pending in Europe, ahead of CAD GDP, maybe the only interesting fundamental report today; here is the link for todays' calendar:

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

Have a great trading day!