EUR

and also you cygnus.. china will save us all:-)

BOJ checking prices, cannot confirm intervention, although rumoured..

oh thank u Japan mins!!!

Excuse the interruption but - in contrast to subway - my bias has been short for quite some time. My reasoning is based on technical analysis (of course, based on my perception) and fundamentals (of course, based on my perception).

Technically, the trend for EUR/USD is short, not long. There have been lower highers and lower lows since 2008. As I have stated on numerous occasions, I have been expecting a wave three down - which will bring new lows for EUR/USD - target is 1.15. This remains in line with my favored count. Nothing has changed in that regard whatsoever in my view.

Fundamentally, I am expecting a deflationary depression, with the USD sky-rocketing in value before the USD will, perhaps, ultimately crash and/or there will be a military conflict on a global scale. Huge amounts of credit are evaporating which is shrinking true money supply - thus the eminent deflation. The futility of liquidity infusions by governments are becoming more apparent by the day, week, month.... The debt check will eventually be returned to issuer marked "account over drawn" with a bounced check penalty. Those countries with their populations currently under USA military protection will be left to defend themselves.


I know this view is grim but some of you reading this know I have been saying it for a long time.

Change you can believe in.

http://blogs.wsj.com/economics/2011/08/05/monster-employment-index-sideways-job-market/