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.
03/12/2010
Canadian employment data
Canada employment data show unemployment rate fell from 8.3% to 8.2% , while 20.9K new jobs were created. USD/CAD fell to an intraday low of 1.0160 and is now correcting slightly to the upside, yet short lived. Some consolidation around this area could be seen, yet pair likely to continue losing ground under mentioned low. [...]
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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.
03/12/2010
EUR/CHF: Bearish momentum persist
Despite being a slow intraday mover, pair has been in the highlights as continues bearish trend has sent the pair to test 13 months low early this European morning. The pair is clearly showing past 3 months weakness in Euro. Honestly, I don’t believe further SNB intervention could actually turn the trend. First intervention back [...]
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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.
03/12/2010
Best pair to trade now: USD/JPY
Here is my first choice for today:
http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2010-03-12.v03.html
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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.
03/12/2010
Majors’ sentiment for today
Here is majors’ sentiment for today:
Eur/Usd: Bullish
Gbp/Usd:Â Bullish
Usd/Chf: Bearish
Usd/Jpy: Neutral
Eur/Gbp: Neutral
Eur/Jpy: Bullish
Gbp/Jpy: Bullish
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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.
03/12/2010
Starting the day
Hi everyone, and welcome! Market finally decided to break the monotony this Friday, and dollar isfalling strongly across the board. Euro approaches to key 1.3800 after general market optimism improved this European morning. As comment on past Daily Wrap Up Webinar, markets has left Greece and other countries debt issues a side for the time [...]
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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.
03/11/2010
Best pair to trade now II: EUR/USD
Here is today’s second choice:
http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2010-03-11.v03.html
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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.
03/11/2010
Hourly perspective for US session
Here is the hourly perspective for US session:
http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2010-03-11.v02.html
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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.
03/11/2010
Mixed US data
US Trade Balance printed a smaller deficit than expected -47.3B also less than previous months. However if my memory is not playing me tricks, “best” deficit of the last 6 years has been of around -25K so only under that value, we can talk of a real improvement in the deficit. Unemployment claims come under [...]
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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.
03/11/2010
Gbp/Usd consolidating gains
Inflation expectatives, helped Pound to gain some ground, and is now consolidating around daily highs. 4 hours charts look pretty bullish at this point thus as expected, 1.5060 resistance area is keeping the upside capped. Pair could now pullback to the 1.5000/10 area, yet as long as those levels hold, a new upside rally is [...]
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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.
03/11/2010
Eur/Usd, still seeking for direction
Pair has been moving in a 300 pips range since past February 17th, almost a month consolidating between the 50%Â retracement (1.3800) and the 61.8% (1.3485) of past year March/November bullish rally. Taking a look at this weekly chart, you will find out how strong indecision is: we have been opening and closing the past 5 [...]
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