These are the key levels to watch for majors:

EUR/USD 1.4120 1.4025

GBP/USD: 1.6250 1.6160

USD/CHF: 1.0500 1.0440

USD/JPY: 89.80 89.10

AUD/USD: 0.9030 0.8940

USD/CAD: 1.0660 1.0600

Here is the hourly major’s perspective updated:

http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2010-01-20.v02.html

Hi everyone, and welcome back! As tends to happen in the Asian session before Payrolls, majors remained in tight ranges waiting for the news. What really amaze me is how we need to remember to get use to the jaw-bowing in Japan: now, Japan’s new finance minister toned down his rhetoric about a weaker domestic currency, cooling speculation that Tokyo might act to push its currency higher if deemed necessary. USD/JPY fell to the 93.00 area, after testing the 200 SMA in the daily chart at 93.75 past Asian session. Anyway, the pair holds the bullish tone, and I still see JPY bearish across the board.

Pound is slightly up with Europe opening, supported by some speculation that the BOE £200bn quantitative easing plan is set to come to an end next month, with the Monetary Policy Committee yesterday voting to leave the scale of the scheme on hold. Still I believe that next meeting will be key for Pound, as further data about growth and inflation will be on the table.

Anyway! Something that is also bothering me since yesterday, is that despite NFP are expected around -3K from -11K in November, there is lots of speculation of a positive reading for the first time since 2007. Meaning market has too high expectations: a bad reading could tear apart dollar I believe. An important thing to consider: unemployment rate is expected around 10.1% from 10.0% in November and 10.2% past October. Pay attention to any number above 10.3% or under 9.9% as if unemployment rate changes that much could lead the way. Also pay attention to Canada unemployment reading an hour earlier than American ones: they tend to come in line.

 Here is the link for today’s calendar:

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

Have a great day!

Here is majors’ hourly perspective for the U.S. session:

http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2009-12-15.v05.html

Here is the majors’ hourly perspective for next session, with charts and technical points:

http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2009-12-09.v02.html

Here is majors’ sentiment for today:

Eur/Usd: Slightly Bullish

Gbp/Usd: Bearish

Usd/Chf: Slightly Bearish

Usd/Jpy: Bearish

Eur/Gbp: Bullish

Some shy corrective movements are developing mostly due to extreme overbought conditions against greenback in the hourly. Still, nothing serious.

Here is the hourly perspective for the American session:

http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2009-11-25.html

Ok, fresh highs and runs, now a bit calm before U.S. reports. 1 hour of consolidation is what we have now ahead, if gold manages to stays under $ 1182 high. But seems rallies are not over, as majors show no intention of correcting yet. Levels to watch for such corrective movements, are:

EUR/USD 1.5010

GBP/USD 1.6650

USD/CHF 1.0040

USD/JPY 88.20

Here is the hourly report, with charts for majors. Enjoy!

http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2009-11-20.html

Here is the hourly perspective for majors:

http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2009-11-17.html