The Advisor Weblog
Daily Foreign Exchange commentary by FXstreet.com's Advisor. FXstreet.com is the leading independent portal dedicated to the Foreign Exchange (Forex) markets.
09/08/2008
Non stop
The dollar positive rally continues without finding a technical or fundamental base: despite the bad readings in the U.S. employment conditions last Friday and the huge gaps of Asia against it, as the US government decided to inject to Fannie Mae and Freddie Mac, the two biggest troubled mortgage companies, as much capital as needed [...]
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The Advisor Weblog
Daily Foreign Exchange commentary by FXstreet.com's Advisor. FXstreet.com is the leading independent portal dedicated to the Foreign Exchange (Forex) markets.
09/05/2008
Surprise surprise
The Non farm payrolls print awful numbers for the U.S.: the unemployment rate rise to 6.1%, the economy lost more jobs than expected, and previous month number was also revised to the downside. However, majors are unable to fight against dollar bulls: Follow this 15 minutes candle both, in euro and Gbp. A break of [...]
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The Advisor Weblog
Daily Foreign Exchange commentary by FXstreet.com's Advisor. FXstreet.com is the leading independent portal dedicated to the Foreign Exchange (Forex) markets.
09/05/2008
Majors for today
The Eur/Usd is quoting right now around 1.4230, and remains bearish: under 1.4212, yesterday’s minimum, next supports will be at 1.4184, 1.4151 and finally the zone around 1.4116. Resistances from here will be at 1.4280, 1.4316, today’s maximum that if broken could send the pair to 1.4370.
The Gbp/Usd has broken again to the downside, without [...]
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The Advisor Weblog
Daily Foreign Exchange commentary by FXstreet.com's Advisor. FXstreet.com is the leading independent portal dedicated to the Foreign Exchange (Forex) markets.
09/05/2008
Starting the day
Hello everybody, hope you are fine. With no much of a surprise on these days, dollar continues rising after the ECB downgraded its economic growth forecast for 2009 to as low as 0.6%. Despite both European Central banks left rates unchanged, both Euro and Gbp fell late in the American afternoon as market sentiment has turned [...]
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The Advisor Weblog
Daily Foreign Exchange commentary by FXstreet.com's Advisor. FXstreet.com is the leading independent portal dedicated to the Foreign Exchange (Forex) markets.
09/04/2008
Majors update
From a technical perspective, things are quite boring by this time, as majors continue moving sideways: the pairs are consolidating in tight zones, unable to find a trigger to define a certain way. Maybe the US ISM could help, but mostly, i expect majors to stay in ranges, till tomorrow’s Non-farm Payrolls; yet the day [...]
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The Advisor Weblog
Daily Foreign Exchange commentary by FXstreet.com's Advisor. FXstreet.com is the leading independent portal dedicated to the Foreign Exchange (Forex) markets.
09/04/2008
Starting the day
Hi welcome to a new day in Forex market, hope you are fine. I have been away for this first couple of hours of the day, so, I guess today we skip the introduction and jump to what it matters: the rates decision in Europe and England, that are expected with no changes will surely [...]
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The Advisor Weblog
Daily Foreign Exchange commentary by FXstreet.com's Advisor. FXstreet.com is the leading independent portal dedicated to the Foreign Exchange (Forex) markets.
09/04/2008
Majors for today
After leaving rates unchanged as expected, the Eur/Usd is quoting around 1.4480 with indicators pointing to the upside in 4Â hours charts. However the pair must break thought he congestion zone at 1.4495/1.4500 to continue to the upside, first to today’s maximum at 1.4542 and finally to 1.4583. Under 1.4450, next supports today will be [...]
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The Advisor Weblog
Daily Foreign Exchange commentary by FXstreet.com's Advisor. FXstreet.com is the leading independent portal dedicated to the Foreign Exchange (Forex) markets.
09/03/2008
The Usd/Jpy for today
As comment in previous posts, the Europeans are falling more on their own weakness than in actual dollar strength, and that’s why the Usd/Jpy remains out of the general trend. Slightly bearish in 4 hours charts, the pair will find supports from here, at 108,42 and the zone around 108.10, followed by the zone around [...]
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The Advisor Weblog
Daily Foreign Exchange commentary by FXstreet.com's Advisor. FXstreet.com is the leading independent portal dedicated to the Foreign Exchange (Forex) markets.
09/03/2008
Gbp/Usd and the eternal fall
As I been saying these last days, and can’t find yet a floor to this free fall we are seeing in the Pound. A probable target to this movement could be the zone around 1.7300, where we find and ascendant trend line in monthly charts, also the 200 EMA in that time frame: take a [...]
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The Advisor Weblog
Daily Foreign Exchange commentary by FXstreet.com's Advisor. FXstreet.com is the leading independent portal dedicated to the Foreign Exchange (Forex) markets.
09/03/2008
Eur/Usd technical view
The pair is falling the same way that raise one year ago: running day atfter day way out of bonds, without even notice supports of any kind, and moving a larger amount of pips that the daily average. Corrections are so shy, you can’t even notice them sometimes, and the bigger retracement most of us [...]
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