Here is the majors sentiment for today:

Eur/Usd: Bullish

Gbp/Usd: Bearish

Usd/Chf: Bearish

Usd/Jpy: Neutral

Good morning everyone, hope you are fine. Exaggerated moves yesterday gave Euro and Swiss Franc good impulse to the upside, but gains remain caped at the time, due to tiny end of year market conditions. However, bothcurrencies remain quite strong all across the board, with Chf ahead as the safe haven investors needs in ths uncertain times. I will take a look at the pair in a next post. Gbp continues to be the weaker currency across the board, while Japanese yen the strongest, and seems  this will probably extend into 2009. End of the year, does not mean end of turmoil times: crisis don’t have calendars, or expiration date; once market returns to normal trading volume, maybe traders will remember things like a probable rate cut by the ECB, (The vice president, Lucas Papademos recently commented they may cut in January), or that Barack Obama and his stimulus packs will be here by Jan 20th: could things change forthe U.S. with a new president?

We have some news today you can check following this link, and remember from today on, we are having bank holidays all across the word:

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

Have a great day!

Nothing new here, Gbp remains the weaker currency across the board, with Gbp/Jpy close to a 13 years minimum (129.32 back in April 1995) and Gbp/Usd fighting to stay above the 1.4600 level: moving in a descendant channel, the pair seems ready to continue to the downside after the strong 1.4660 zone has been broken; only above this value we could see some recovery there, with next resistances at 1.4710 and the zone @ 1.4740, roof of the mentioned channel yet quite unlikely for today. Supports from actual 1.4600 will be at 1.4560, 1.4525 and finally the zone @ 1.4460.

The pair remains bullish, fighting to break above the 1.4300 level, still unable to do it. 4 hours chart is quite overbought in 4 hours charts, so we could expect a correction under 1.4250 to the zone @ 1.4200. a break under that level, will send the pair back to 1.4170 and then to 1.4125. Regarding resistances, consider 1.4315, 1.4362 and finally the zone @ 1.4390.

Here is the majors sentiment for today:Eur/Usd: Bullish

Gbp/Usd: Neutral

Usd/Chf: Bearish

Usd/Jpy: Bearish

Hello everybody, hope you are fine. Extremely trading conditions ruled the market last week, yet greenback is sharply lower this Monday, with euro and Swiss Franc leading the way. Both currencies are running high despite some bad fundamental readings, supported by their rate advantage and on the back of trouble in the Middle East, that’s pushing commodity prices higher.  The Pound on the other hand continues falling after a record annual fall in U.K. house prices of 8.7%. Japanese yen is winning some strength despite we are going to see more choppy trading this week there, as Japanese importers and exporters have entered the Long New Year holidays, that will last until January 5th. See you in some minutes with some technicals. Have a great day!

For today, I must say that majors are NEUTRAL.

Hi everyone, hope you are fine! Taking a look at charts, I feel I’m quite alone here today, if you know what I mean: majors are practically unchanged for the past 24 hours, and there are very little chances we see some activity. The poor liquidity that exacerbated market movements turns into no liquidity at all, so be aware, is possible that just one move, make a determinate price jump a good number of pips in a few minutes… only to leave it there. No trading days for me, these ones, we have banks holidays (the U.S. banks however will remain open tomorrow, at least that’s what I can see in my calendar) but joy time to enjoy with family (well to be honest.. enjoying family is something we should do all year long, I do ) and to make personal  balances. Let me tell you and share with you, how happy I’m of being here. No doubts an amazing adventure  that’s only beginning. I will stay around today, and tomorrow in the American session, but if you don’t, let me wish you a Merry Christmas and the best 2009. I want to particularly send extra hugs and kisses to all the Fxstreet.com team, that works day by day harder than you can imagine, to provide us all with all this amazing world of forex info. Best wishes to my fellow bloggers, and thank you! for being here day after day.

Last week spike to 1.4720 is distorting a bit my vision of what happened and what could happen from here, but not that much: if we place a Fibo, in monthly charts to all the rally from 1.6038 to 1.2330, we find that the pair has passed just above the 61.8% to quickly come back even under the monthly ascendant trend line broken in October, and even today, seems hard to the pair to regain that zone. For me, we have already seen the correction of the unwind fall in the same unwind way. As long as the pair remains in this zone, i see more chances of a bearish continuation than a bullish one, more if we take into account that rumours of an ECB rate cut remain strong. So let’s consider the zone @ 1.4050 to be our first resistance to the upside, and  the point to break to consider further upside rallies. On the other hand, the zone @ 1.3740 (31.8% of the mentioned rally) could well be our selling zone to the consider. I see a bearish January and we will have some good confirmation under that level. Meanwhile and just a note for today, consider 1.3880 and 1.3830 as intraday supports and 1.3960 and 1.4010 as intraday resistances.

I will be out for 2 hours, so once I return I will be posting majors view, and answering pending questions. See you then!