I wonder how the BOJ is doing these days Can they feel the depth of their failure?

EURUSD

This is going to be one beautiful selloff if the NFP is indeed to be a bad surprise!

EURUSD

DAX too:

EURUSD

Perfect respect for resistance and fibs, and a great candle formation on top. Whoever programmed the human mind was doing something beautiful:

EURUSD

Good call!

EURUSD

Ah seems the analysis I posted some time ago is still valid! There just was more momentum than I expected initially, as you can see the resistance and the fib level are still very much respected on daily TF despite intraday rally. Stocks have also ...

EURUSD

Gold is unstoppable... the US is winning the war of currencies on it's way to the fiat bottom. Previous trade ideas are almost invalid now. Only NFPs can change the picture.

EURUSD

Yes I agree with you, just trying to keep one in mind about potential "surprises"

EURUSD

Yes, that's what logic tells, but elections are near and "creative statistics" can be useful to convince voters things are fine.

EURUSD

If the NFP tomorrow is surprisingly good , both US stocks AND the USD will rally. As it'd mean less need for QE and good news for the economy in general.

EURUSD

I expect EUR/USD to continue drifting lower in the medium term with a target for next week at about 1.3640 and while the DAX is below the red line on the chart I continue to be bearish about the index. I'm not recommending a fresh short there(DAX) ...

EURUSD

So far the euro is obeying well the daily resistance: closed below it, and now continuing to retreat.

EURUSD

Yes, they are taking their time. Perhaps they are watching the Nikkei which is still holding up well, infact, it's still at the highest levels it reached during the intervention even though USD/JPY is back at the bottom, or maybe they are scared by ...

EURUSD

It'll be interesting to see if they will work towards confirming the double bottom forming on the USD/JPY chart right now. If I were in the BOJ I'd definitely want to use this formation to my benefit. So far it's holding, if barely so. I'm eagerly ...

EURUSD

Haha cheers, although remember it's just a possibility, if the levels get broken the idea will be invalid. I advise caution taking any new equity position before NFP tomorrow.

EURUSD

Well if a 400-500 pip drop in EUR/USD happens, which seems like reasonable correction it could mean a 5-6% drop in US equities.

EURUSD

So far so good.

EURUSD

As you see resistances are near on all of these charts.

EURUSD

Let me post some charts to show you what I mean.

EURUSD

It's all up to the EUR/USD rates and gold. Bottom line it's up to the Federal reserve and to any further QE. I don't believe that stocks can go any higher for now while the resistance 1.3940-ish holds.

EURUSD