The Advisor Weblog
  • Home
  • Join our trading community
  • Back to FXstreet.com

The Advisor Weblog

Follow the markets with Valeria Bednarik, Chief Analyst of the FXstreet.com Independent Analyst Team

Subscribe

Subscribe Subscribe Subscribe using Netvibes
Or subscribe via email:

Categories

  • Live Webinars
  • Long-Term Analysis
  • News
  • Sentiment
  • Short-Term Analysis
  • Starting the day
  • Technical Education
  • Trading Opportunities
  • Uncategorized

Archives

Recent Comments

  • Jason on Hourly perspective for US session
  • Sanjay on EUR/USD bullish continuation
  • Somephon on Best pair to trade now: GBP/USD
  • Valeria Bednarik on Best pair to trade now: GBP/USD
  • Somephon on Best pair to trade now: GBP/USD

Tags

Add new tag Aud/Usd Boj Cad CFTC Chf Dolar Dolar trend dollar Dollar trend Education Eur/Chf Eur/Gbp EUR/INR Eur/Jpy EUR/SGD Euro eurusd FOMC Forex gbp Gbp/Jpy gbpusd Gold intervention Jpy Majors Majors sentiment Majors trend News Oil personal stuff rates Sentiment Stocks Swiss Franc Technical Education Trend Usd Usd/Cad Usd/Chf USD/INR USD/SGD usdjpy Yen

FXstreet.com Weblogs

  • CEO's Weblog
  • Wayne McDonell
  • Dr. S. Sivaraman
  • Valeria Bednarik
  • James Chen
  • Ross Yamashita
  • Raghee Horner
  • Ron Schelling
  • César B. Leiceaga
  • Ian Coleman
  • Greg Michalowski
  • Mike Baghdady
  • Dale J. Pinkert
  • Trader of the Year

Links

  • Money and Markets
Starting the day

Posted on November 3, 2008 at 10:31 in Starting the day by Valeria Bednarik

Hi everybody how are you! Hope you enjoy the weekend ( I did! ). Well, November is here, along with the global crisis, and a busy week ahead that includes Presidential elections in the U.S., rates in Europe and England, and Nonfarm Payrolls in the U.S. among another fundamental factors. Will these change things? certainly not in the short term, but those are ones of those key factors than can change the destiny of a currency. From a technical point of view, weekly charts are set to a dollar bearish correction, (I will post longer term analysis between today and tomorrow for majors) and probably we have today a quiet day, as market players decide whether to place their bets.

By the way, cheap stocks are becoming attractive to people not really focused in that market, and that’s why we see some bullish corrections there around the world; yet I don’t believe everything is said there; if you have an opinion, let me know.

Today we have the following news in the U.S., East Time:

10:00 USD ISM Manufacturing PMI (Expected 41.6 Previous 43.5)

10:00 USD Construction Spending m/m (Expected -0.8% Previous 0.0%)

10:00 USD ISM Manufacturing Prices (Expected 49.0 Previous 53.5)

11:00 GBP BOE Governor King Speaks

See you in a few minutes with some technicals, have a great day!

 

Comments are closed.

Theme by Forex Street Powered by Wordpress

The comments and posts published in this blog ARE NOT trading recommendations. They can NEVER be considered as trading calls or advices. If you decide to use the information offered here for your real trading it is at your own risk.

Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.

Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.

Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.

© 2010 "FXstreet.com. The Forex Market" All Rights Reserved.