The Advisor Weblog

Posted: 26 Oct 2011 07:49 AM PDT

Dollar soars across the board as ECB member Stark claims the crisis is far from over. I don't know, maybe I'm to naive, but honestly was not expecting nothing different.

EUR/USD trades at 1.3827, with 1.3850 now as immediate resistance, and looking for a test of the 1.3770 area.

GBP/USD will remain bearish as long as below 1.5960, and I would expect more loses below 1.5910, nearing 1.5850, roof of the broken triangle.

USD/JPY is immune to market movements and holds steady below 76.00. Bias there is bearish still

USD/CHF may approach 0.8900 and even higher near 0.8970.

Tic-Toc, Beginners Corner updated with all you need to know ahead of the EU summit

Posted: 26 Oct 2011 02:39 AM PDT

Hi guys! I updated the Beginners Corner with some interesting data you may want to check, ahead of the EU summit. A first fundamental overview, followed by a couple of trading strategies for both, forex and indexes today.

If however, you are interested in learning along with being informed of what may happen today, I would particularly recommend the Black Swan article posted in the Fundamental Overview in the "From the Editor's Desk" section.

Here is the link!

http://www.fxstreet.com/education/beginners-corner/

Also, here is the schedule of the summit: we have plenty of time ahead to read ;)

11:00 GMT - Merkel mades a speech

15:15-15:45 GMT - Arrival of the EU members

16:00-17:00 GMT - Meeting of the 27 liders of the EU

17:15 GMT - 17 lider countries summit

Enjoy.