The Advisor Weblog

Posted: 20 Apr 2011 03:57 AM PDT

Here is the GBP/USD short term outlook updated:

http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2011/04/20/

Posted: 20 Apr 2011 03:34 AM PDT

Hi everyone and welcome back! Risk appetite is back as a revenge, with stock markets strongly up since Asian session; European and American indexes are strongly up also, on strong Intel, IBM, and Yahoo earnings, which anticipate furhter positive news, for the corporate earnings season. Meanwhile gold quotes above $ 1500, whole oil is back nearing $110 a barrel.

EUR/USD is back to 1.4500, Aussie soared to fresh highs near $1.0650, while Pound seems unable to clear the 1.6360/70 area against the greenback, in another round of dollar bearishness.

Japanese Yen remains strong, yet may be the next to give up. Keep an eye on yen crosses, with key levels now, at 83.10 for USD/JPY and 120.00 for EUR/JPY.

Here is the link for today's calendar:

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

Have a great trading day!