The Advisor Weblog http://blogs.fxstreet.com/advisor Daily Foreign Exchange commentary by FXstreet.com's Advisor. FXstreet.com is the leading independent portal dedicated to the Foreign Exchange (Forex) markets. Fri, 06 Nov 2009 12:33:10 +0000 http://wordpress.org/?v=2.5.1 en http://www.fxstreet.com/http://mediaserver.fxstreet.com/images/fxstreet-provider-logo1-en.gifFXstreet.comtypepad/fxstreet/advisorhttp://feedburner.google.comSubscribe with My Yahoo!Subscribe with NewsGatorSubscribe with My AOLSubscribe with BloglinesSubscribe with NetvibesSubscribe with GoogleSubscribe with PageflakesSubscribe with Live.com Majors’s support and resistance levels to watch http://blogs.fxstreet.com/advisor/2009/11/06/majorss-support-and-resistance-levels-to-watch/ http://blogs.fxstreet.com/advisor/2009/11/06/majorss-support-and-resistance-levels-to-watch/#comments Fri, 06 Nov 2009 12:33:10 +0000 Valeria Bednarik http://blogs.fxstreet.com/advisor/?p=2234 Here are the levels to watch today. No use for much technical analysis today, payrolls are too noisy for that!

http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2009-11-06.html


]]> http://blogs.fxstreet.com/advisor/2009/11/06/majorss-support-and-resistance-levels-to-watch/feed/ The best pair to trade now: EUR/USD http://blogs.fxstreet.com/advisor/2009/11/06/the-best-pair-to-trade-now-eurusd/ http://blogs.fxstreet.com/advisor/2009/11/06/the-best-pair-to-trade-now-eurusd/#comments Fri, 06 Nov 2009 12:17:56 +0000 Valeria Bednarik http://blogs.fxstreet.com/advisor/?p=2233 Here is my choice for today:

http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2009-11-06.html

Enjoy!


]]> http://blogs.fxstreet.com/advisor/2009/11/06/the-best-pair-to-trade-now-eurusd/feed/ Canada employment data http://blogs.fxstreet.com/advisor/2009/11/06/canada-employment-data/ http://blogs.fxstreet.com/advisor/2009/11/06/canada-employment-data/#comments Fri, 06 Nov 2009 12:04:19 +0000 Valeria Bednarik http://blogs.fxstreet.com/advisor/?p=2232 Canada has just published their employment data; pretty bad in general, with 43.2K job lost instead of 10.K wins expected, while unemployment rate rose to 8.6% from  8.4%. Not a law, but U.S. data tends to come in line with this one. If data is so bad in America, could dollar rose today??

I will be covering Live! (YES! AGAIN!) data at Fxstreet.com home page. See you all there!


]]> http://blogs.fxstreet.com/advisor/2009/11/06/canada-employment-data/feed/ Majors’s sentiment for today http://blogs.fxstreet.com/advisor/2009/11/06/majorss-sentiment-for-today-194/ http://blogs.fxstreet.com/advisor/2009/11/06/majorss-sentiment-for-today-194/#comments Fri, 06 Nov 2009 10:50:06 +0000 Valeria Bednarik http://blogs.fxstreet.com/advisor/?p=2231 Here is majors’s sentiment for today:

Eur/Usd: Bullish

Gbp/Usd: Bullish

Usd/Chf: Bearish

Usd/Jpy: Slightly Bullish

Eur/Gbp: Neutral


]]> http://blogs.fxstreet.com/advisor/2009/11/06/majorss-sentiment-for-today-194/feed/ Starting the day http://blogs.fxstreet.com/advisor/2009/11/06/starting-the-day-276/ http://blogs.fxstreet.com/advisor/2009/11/06/starting-the-day-276/#comments Fri, 06 Nov 2009 10:48:20 +0000 Valeria Bednarik http://blogs.fxstreet.com/advisor/?p=2230 Hi everybody, and welcome back! Dollar remains weak across the board, after yesterday’s Central Banks decisions, more due to a healthy risk appetite than data, as stocks and gold keep rising as there was no roof for them. Anyway, and ahead of the U.S. NFP report, greenback continues losing ground.

Regarding Nonfarm payrolls, we know, that usually a good dollar report trigger a stocks rally, sending greenback down, while a bad ready has the oppositeeffect. USUALLY. L believe we are going to follow that path today, but remember one day, a good dollar reading will mean dollar strength. If that day is today, is something I can’t assure.  Just pay attention to market and take a breath before taking a trading decision. Good luck all!

Here is the link for today’s calendar:

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

Have a great day!


]]> http://blogs.fxstreet.com/advisor/2009/11/06/starting-the-day-276/feed/ Hourly majors’s perspective http://blogs.fxstreet.com/advisor/2009/11/05/hourly-majorss-perspective/ http://blogs.fxstreet.com/advisor/2009/11/05/hourly-majorss-perspective/#comments Thu, 05 Nov 2009 14:53:17 +0000 Valeria Bednarik http://blogs.fxstreet.com/advisor/?p=2229 Hi again! after the longgggg live coverage, here is the hourly perspective for majors. Enjoy!

http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2009-11-05.html


]]> http://blogs.fxstreet.com/advisor/2009/11/05/hourly-majorss-perspective/feed/ BOE and ECB Live coverage http://blogs.fxstreet.com/advisor/2009/11/05/boe-and-ecb-live-coverage-8/ http://blogs.fxstreet.com/advisor/2009/11/05/boe-and-ecb-live-coverage-8/#comments Thu, 05 Nov 2009 11:18:28 +0000 Valeria Bednarik http://blogs.fxstreet.com/advisor/?p=2228 I will be covering Live! both Central Banks decisions at fxstreet.com home page. See you there!


]]> http://blogs.fxstreet.com/advisor/2009/11/05/boe-and-ecb-live-coverage-8/feed/ Eur/Usd Technical perspective http://blogs.fxstreet.com/advisor/2009/11/05/eurusd-technical-perspective-14/ http://blogs.fxstreet.com/advisor/2009/11/05/eurusd-technical-perspective-14/#comments Thu, 05 Nov 2009 10:39:56 +0000 Valeria Bednarik http://blogs.fxstreet.com/advisor/?p=2226 If we place a Fibo in the last daily downleg, from 1.5062 to the 1.4625 lows, yesterday’s spike reached the 61.8% retracement. Now pair is hovering around the 50%, with indicators pointing to the downside, yet price moving above every MA. A clear acceleration under 1.4800/10, could send the pair to the 1.4770 area, followed by 1.4740. To the upside, I would like to see a 4 hours candle opening above 1.4860 to confirm more bullish bias, with 1.4890, 1.4925 and the 1.4970 area as next resistances to consider.

 


]]> http://blogs.fxstreet.com/advisor/2009/11/05/eurusd-technical-perspective-14/feed/ Majors’s sentiment for today http://blogs.fxstreet.com/advisor/2009/11/05/majorss-sentiment-for-today-193/ http://blogs.fxstreet.com/advisor/2009/11/05/majorss-sentiment-for-today-193/#comments Thu, 05 Nov 2009 10:20:06 +0000 Valeria Bednarik http://blogs.fxstreet.com/advisor/?p=2225 Here is majors sentiment for today:

Eur/Usd: Bullish

Gbp/Usd: Bullish

Usd/Chf: Bearish

Usd/Jpy: Bearish

Eur/Gbp: Slightly Bullsih


]]> http://blogs.fxstreet.com/advisor/2009/11/05/majorss-sentiment-for-today-193/feed/ Starting the day http://blogs.fxstreet.com/advisor/2009/11/05/starting-the-day-275/ http://blogs.fxstreet.com/advisor/2009/11/05/starting-the-day-275/#comments Thu, 05 Nov 2009 10:18:36 +0000 Valeria Bednarik http://blogs.fxstreet.com/advisor/?p=2224 Hi everybody and welcome! Sorry for the lack of post yesterday it was a technical issue with the blog editor. I couldn´t make it work! I have been doing however the usual reports. Anyway, here we are back with dollar down against major rivals, after the FED decide to hold rates and the “extremely low, for an extended period” stance. Eur/Usd reached 1.4900, Gbp/Usd 1.6600, from where both retreat a bit, waiting for next ECB and BOE decisions. Stocks rose on the positive outlook of the economy, while gold keeps trying to reach the 1100 level.

Early data show some improvements in the U.K. with Industrial Production above expectations, while Retail Sales in the eurozone fell again, this time -0.7%. However majors are almost with no reaction: market players don’t dare to risk positions a couple of hours before statments, so seems we  will have to wait to see some definitions for today. Here is the link for today’s calendar:

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

Have a great day!


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