The Advisor Weblog

Begginer's Corner first recorded webinar
ADP disappoints, dollar down across the board
EUR/USD struggles to hold above 1.4860
Starting the day

Begginer's Corner first recorded webinar

Posted: 04 May 2011 07:30 AM PDT

The begginers corner is finally on! And the first webinar recording is already available. The idea of these webinars is to go from A to Z when talking about forex. Is not only focused on beginners, but mostly on any non professional trader that wants to improve its trading career. This Friday we will have the second one; and remember! you have here a place to find the answers to any doubt!

Begginers Corner: Introduction to the Forex Market and Technical Analysis

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

Join me next Friday at 17:00 GMT for the second one! You can register here:

http://www.fxstreet.com/webinars/sessions/session.aspx?id=59843881-2f1f-403b-8d28-2324dbe3ff82

ADP disappoints, dollar down across the board

Posted: 04 May 2011 05:19 AM PDT

ADP readings show the economy is expected to creat 179K against 200K from previous month and expected. Dollar is strongly down across the board, with commdities accelerating higher and EUR/USD ready to break above 1.4900 for good.

EUR/USD struggles to hold above 1.4860

Posted: 04 May 2011 03:52 AM PDT

Despite slightly bullish, EUR/USD struggles to hold gains above 1.4860, with the upside contained by 1.4900 area, recent highs plus roof of the channel. Below 1.4810, a retest of recent lows and the base of that channel around 1.4750 seems likely.

This posting includes an audio/video/photo media file: Download Now

Starting the day

Posted: 04 May 2011 02:58 AM PDT

Hi everyone and welcome back! Risk aversion seems to have eased this Wednesday, with stocks erasing yesterday's losses and commodities slightly up despite far from recent record highs. Yen and Swissy are giving up some limited ground, while Euro strength has push the cross back higher, nearing 1.4902 high posted also this week.

Pound is still weak against the greenback, hit by worse than expected data regarding various sectors: ahead of BOE, first time tomorrow European session, the GBP/USD bearish momentum seems ready to accelerate; the upside should now remain capped below 1.6550, yesterday's American session high, while key 1.6430 support needs to be vulnerate to see further slides.

Euro, Aud, Cad, and Swiss Franc trends against dollar seem quite firm still, and despite some corrections, keep in mind that that turn around points are not yet at sight.

Here is the link for today's calendar:

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

Have a great day!