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Here is the hourly perspective updated for US session:
Source: The Advisor Weblog | 16 Mar 2010 | 2:31 pm
Yesterday’s (15th March ) Asian session: Live market analysis webinar given between 05:00-05:30 GMT is recorded and presented under the below given link -
http://transcripts.fxstreet.com/2010/03/asian-session-live-market-analysis–2.html
I will not be able to present Asian session: Live market analysis webinars on 17th and 18th March due to some personal commitments.So they are cancelled
I will present - ” Tracking the forex market together - part I “ webinar between 05:00-05:45 GMT Friday the 19th March and the link to register is given below:
http://www.fxstreet.com/live/sessions/session.aspx?id=4bd09511-0638-4253-9830-f2c197ec2f88
” Tracking the forex market together -part II” webinar will be given on the same day ( 19th March) between 14:00-14:45 GMT
The link to register is given below:
http://www.fxstreet.com/live/sessions/session.aspx?id=ad8a9728-cd35-4e65-a608-c7ac4341b1d1
Part 1 will be the late Japanese session and part II will be 30 min after the start of US session- week end volatile market time - I will explain during both the webinars how to take swing trading decisions understanding the intentions of the players.You may attend and develop the trading insight.
Regards
Dr.Sivaraman
Source: FX Market Readings | 16 Mar 2010 | 1:36 pm
Here is my first choice for today:
http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2010-03-16.v02.html
Source: The Advisor Weblog | 16 Mar 2010 | 12:59 pm
The lack of trend and the consolidation stage continues extending in the pair, trapped in between the 50% and the 61.8% retracement of past 2009 bullish rally, since February 4th. What we can see in this chart is that attempts to break lower generated strong upside bounces, suggesting it won’t be easy to see the pair under 1.3480 easily. At this point, I see more technical chances of a break higher than lower in the pair, due to weekly charts rounded floor formation I posted a couple of days ago. Anyway, pair is now under 1.3700, testing the 20 SMA downside up. Momentum is bouncing in its mid 100 line, limiting the downside also, so we need to see the pair recover above 1.3710 to extend the rally with resistances today at 1.3750 and the 1.3790 area. Key support again lies a the 1.3640 zone. Break lower will likely put the pair under pressure and send it to test next strong support area, between 1.3580/1.3600.
Source: The Advisor Weblog | 16 Mar 2010 | 11:01 am
Today, I will be holding a webinar, along with other ITC speakers, to let you all know who we are, and what’s the idea of this ITC on line that will take place next April 16th, 17th and 18th. If you want to meet as all, here is the schedule for the introductory webinars
Tuesday March 16th:
Markus Heitkoeter: 11 am EST / 15 GMT until 11:20 am EST / 15:20 GMT
Valeria Bednarik: 11:20 am EST / 15:20 GMT until 11:40 am EST / 15:40 GMT
Kim Kramer: 11:40 am EST/15:40 GMT until 12 pm EST / 16 GMT
Wednesday March 17th:
Rob Booker: 11 am EST / 15 GMT until 11:20 am EST / 15:20 GMT
Andrei Pehar: 11:20 am EST / 15:20 GMT until 11:40 am EST / 15:40 GMT
James Chen: 11:40 am EST/15:40 GMT until 12 pm EST / 16 GMT
And if you want more info, just follow the link!
http://www.fxstreet.com/search/contributors/authors/author.aspx?id=c283e690-4820-4226-97a4-d3e16b1df6b7
http://www.fxstreet.com/live/sessions/session.aspx?id=61a8b188-4411-47ad-b8f5-417c03406173
Source: The Advisor Weblog | 16 Mar 2010 | 10:20 am
Here is majors’ sentiment for today:
Eur/Usd: Neutral
Gbp/Usd: Bearish
Usd/Chf: Slightly Bearish
Usd/Jpy: Slightly Bullish
Eur/Gbp: Bullish
Eur/Jpy: Slightly Bullish
Gbp/Jpy:Slightly Bullish
Source: The Advisor Weblog | 16 Mar 2010 | 10:10 am
Hi everyone, and welcome back! Almost no change for European majors during past Asian session, as market players take a step a side ahead of FOMC statement later today, and the results of the EU finance ministers’ meeting also today; this last, could bring some light about how they intend to solve, or not, the Greece’s debt problem. Pound hit an intraday low of 1.4975 with Frankfurt opening, yet bounce back to past American session close, around 1.5050. But again AUD and CAD are gaining ground against dollar, as gold and oil refuse to fall. Gold is back above $1110/oz, while oil keeps hovering around $ 80 per barrel.
Seems we are going to have a quite busy day today, at least from the fundamental point of view; both major events, should bring no surprises : I don’t expect EU prime ministers to bailout Greece, as I don’t expect also FED to change their rates, or the tone of the statment. However I do expect both events to affect market. I will be around all day long so I will be giving you the advances of both. Here is the link for today’s calendar:
http://www.fxstreet.com/fundamental/economic-calendar/
Have a great day!
Source: The Advisor Weblog | 16 Mar 2010 | 10:06 am
Setup SELL GBPUSD
Entry: 1.5070
SL: 1.5130
TP1: 1.4950
TP2: 1.4875
With 30 Pip+ move SL to Breakeven
Original post blogged on FX Signal Pro.
Source: Forex Signal Blog (en) | 16 Mar 2010 | 8:15 am
EUR/USD bearish
Above 1.3730 look for further upside with 1.3760 & 1.3880 as targets.
Short positions below 1.3675 with targets @ 1.3640, & 1.3605 in extension.
USD/JPY bearish
Long positions above 90.50 with targets @ 90.85, look for further upside with 91.10.
Below 89.95 look for further downside to the 89.65 area, look for further downside with 89.20.
GBP/USD bearish
Above 1.5125 look for further upside with 1.5175 & 1.5215 in extension.
Short positions below 1.5025 with targets @ 1.4950 & 1.4875 in extension.
USD/CHF bullish
Long positions above 1.0625 with targets @ 1.0650 & 1.0675 in extension.
Below 1.0565 look for further downside with 1.0535 & 1.0490 in extension.
Original post blogged on FX Signal Pro.
Source: Forex Signal Blog (en) | 16 Mar 2010 | 8:15 am
EURO and GBP made the drop from the high and again recovered towards close of yesterday US session as expected.
Today they are expected to make again contrarian moves during Japanese session to handle the crosses.In that process Euro and GBP are expected to make firming up moves towards close of japanese session.After a brief upward stop hunt they are expected to make quick downward move during earlyEuropean session.From mid European session they are expected to gain some levels to drop towards low during FOMC rate announcement time ( 18:15 GMT) ,after some volatile moves they are expected to rise during rest of US session and open higher tomorrow during Japanese session.
USD/YEN,USD/CAD and USD/CHF are also expected to gain levels alternate with EURO and GBP during this process.
So to breach the strong resistance levels of 1.38 in EURO and 1.52 area in GBP the players are expected to use FOMC as trigger point.
Regards
Dr.Sivaraman
Source: FX Market Readings | 16 Mar 2010 | 7:54 am
Euro and GBp made the rise and drop moves as expected during European session.During that time less drop in EURO and more drop in GBP was made .Now typical contrarian move is happening during US session - holding GBP and droppjing EURO and USD/YEN.USD/CHF is held near low when euro is also dropped and held near low - to drop EURO/CHF.Dropping more euro when compared to GBP is to drop EURO/GBP.Commodity pairs are making nominal USD gaining moves.before FOMC the players want to finish the stop hunts today and to focus on majors tomorrow.
There could be further slide in EURO and GBP tomorrow before making the rise from mid week as explained during Asian session webinar.
Regards
Dr.Sivaraman
Source: FX Market Readings | 15 Mar 2010 | 4:25 pm
