Hi everybody and welcome back. Asian session started with dollar and yen quite stronger against major rivals, following past Friday’s risk aversion mood. Nikkei 225 slump, while USD/JPY tested 89.40 levels. However, dollar retreat from previous well known supp/res areas, and remains range bound, except against Pound, that lost ground since stocks open, showingbanks shares in the U.K. dropped sharply in early trade. With speculation of more QE coming and BOE decision this Thursday, Pound remains weak. Anyway, here is the link for today’s calendar:

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

Have a great day!

Here is majors sentiment for today:

Eur/Usd: Bearish

Gbp/Usd:Slightly Bullish

Usd/Chf: Bullish

Usd/Jpy: Bearish

Eur/Gbp: Bearish

Hello everybody, and welcome back. After American session was over, I reviewed my charts for the Asian session webinar, and I found out many crosses reached key Fibonacci retracement levels: EUR/USD at the 61.8% of the last daily up leg, USD/JPY at the 38.2% also daily rally, EUR/JPY at a 50%, GBP/USD holding above a 38.2%, AUD, even DJIA pulled back to a monthly 61.8% with yesterday’s fall. Quite interesting, showing we are still in a correction of previous trend; no calls for a change. During Asian session, Yen crosses move one step further, but that’s it. Investors had made some short covering ahead of Europe, but market will be waiting for the U.S. GDP to decide if dollar recovery will extend. Expected positive after several quarters of negative readings, let’s see how much optimism/fear the report can trigger: I wil be covering  it Live! from Fxstreet.com home page. Anyway, we have a lot of data before and after, so here is the link for today’s calendar:

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

Have a great day!

Hi everybody hope you are fine. Time to return to safe haven currencies: stock markets are bearish and unstable again, pushing investors back into risk-aversion mode, and dollar and yen are back up. While European currencies don’t seem to have rallied that much, take a look at commodity ones: AUD, CAD, NZD had been losing big since Asian opening, and as I always told you, they tend to anticipate market movements: pay attention to them. Early European data was quite disappointing, sending Euro back under 1.4800 against greenback, while further definitions will likely come after U.S. Durable Goods data in a couple of hours. Here is the link for today’s calendar:

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

Have a great day!

Hi everybody and welcome back! As expected, majors corrected during Asia, yet at this point, market is exactly where i left if 8 hours ago, except for Gbp, that recovered the upside and reached the 1.6410 zone. We have reports in the U.K. in an hour or so, so, let’s wait for them before taking any strong decision there. Gold not only break the 1043 level yesterday, but already completed a pullback to that zone suggesting more downside to come. Stocks and U.S. futures remain extremely quiet, probably waiting for more clues coming from fundamentals today. Not quite confirmed, but today’s close could change that, yesterday movement suggest dollar had  finally bottomed against major rivals.

If greenback continues rising today, euro could start a nasty come back; also, despite the slump in stocks, Japanese yen failed to rise. That’s because U.S. long-term yields, treasuries, are rising on speculation that the FED is ready to turn to hawkish; and with ECB members making some verbal intervention as the single currency’s strength starts to damage euro-zone recovery prospects, (and Canada, and New Zealand, and U.K., and all we have been discussing in the past two months), no doubts greenback has some strong chances to start at least a big corrective movement. Let’s see how the data come out today and tomorrow, and market reaction to it! Here is the link for today’s calendar:

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

Have a great day!

Not much news in the hourly report, as market remains moving in tight ranges. Anyway, if you want to see what I expect for U.S. session, here it is:

http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2009-10-26.v02.html

Here is majors sentiment for today:

Eur/Usd: Bullish

Gbp/Usd: Bearish

Usd/Chf: Bearish

Usd/Jpy: Bullish

Eur/Gbp: Bullish

Hi everybody and welcome back! Despite starting the session with some strength, dollar fell against major rivals in Asia, after an official newspaper of the Chinese central bank said China should cut its U.S. dollar holdings, adding to concerns over the unit’s global reserve currency status. However, pairs had traded in short ranges, with Gbp under strong pressure; after last week GDP reading, concerns about more QE to be nedeed keep GBP/USD close to daily lows. We have a quiet day ahead from the fundamental point of view, as usual for the last days of the month, so watch for stocks and gold to keep driving the way. I will be posting majors key technical levels and fundamental matters for each, as soon as I end reading my pending mail

Have a great day!

Despite the better than expected data, today’s market reaction is exaclty why I always wait at least one 15 minutes candle after any report, to make a market decision. Despite Microsoft soars 10% after the software giantbeat analyst forecasts, U.S. indexes are falling heavily, supporting dollar across the board. EUR/USD tested 1.4990 lows, Swiss Franc is close to 1.0100, and  break of that zones could favour even more greenback. GBP/USD has been still unable to confirm the break of the strong zone mentioned early yet remains quite close, suggesting more downside to come.

Hi everybody and welcome back! Ok it’s all over. ITC, days off in Palma de Mallorca ( by the way, if you have the chance, go there! is a small heaven on earth!) and after 30 hours and 3 plains, I arrived home yesterday afternoon! I turn on my charts but was unable to see anything: completely exhausted, I take last break before coming back to forex. Have you ever watch charts without seeing? well that’s what happened to me this week. Anyway! I’m back and I will add to this blog, all the new experiences I lived lately.

Market! ok.. market is where we left it, with gold and stocks up, and dollar and yen down. I will start adding charts and comments after this introduction, but no doubts the strong slump in U.K. GDP is the main news this morning, with GBP loosing 250 pips against dollar: things are not so good anywhere and this is quite a probe. Dollar is weak, but also the rest of the economies. As we comment on the ITC, the only currency moving by own strength is Australian Dollar; the rest is just speculation. Let’s see how long it last. Here is the link for today’s calendar:

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

Have a great day!