EUR

usd/chf bouncing on bottom of 4 hr channel...
high probability long usd/chf @ .9815 stop below channel .9740/50... tp .9950 for half
trail half some point..

"Dollar will be weak as long as US GDP is sub 2% and umemployment is close to 10%"

The Euro is bouncing between 1.3750 and 1.41.50.

One perception is that Dollar is oversold, the QE2 story will unfold along with the US elections on Nov 3rd and the Dollar will have a rally. The reasoning is that QE2 will be small and measured and austerity from the Congress will kick in. What this perception misses is the source of new growth for the US economy. The job growth is small and the housing market is very much in the doldrums. US will have 1-2% growth and even this might go down.
The source of growth in Q4 in 2010 was from the fiscal stimulus. Minus this stimulus and the the growth remains tepid which means the Dollar remains "not strong". A long term trend of close of 10% unemployment scenario is forcing the FED to do something. Having moved short term rates to zero, there is not much the FED can do except to also bring longer term rates closer to zero and trigger some inflation and force companies to build more and hire more, if at all this happens.
So, in my view, the Dollar is in for some bouncing down further whatever the Dollar bulls say.

On the other hand, there is an equally horrowing story out of the Eurozone in the shape of Greece, Ireland, Portugal and Spain. The main event out of the Eurozone is another banking crisis that leads to a sovereign crisis. The leading indiator for this is the rising yield for the PIGS.

Whatever happens right after the november election for the dollar, and however strong the dollar rally is, it is clear that the US FED in Bernanke's leadership is out to do a massive QE2. It is also clear that that the FED does not know how much is the eventual impact of QE2. Would a 1 trillion purchase of treauries in one year add 1% to the US GDP? probably even less. What the FED actually wants to do is to trigger 3%-5% GDP growth for a year in exchange for its QE2. This means that eventually QE2 will have to as big as 2+ trillion$. So, dont be fooled by the "small and measured" approach.

US needs 3-5% GDP growth over several years and that is not doable with 100 billion treasuries or even with 1 trillion purchase over a year. I think its more than couple of trillion + fiscal stimulus + tax cuts + spending cuts etc.

Check the latest GDP numbers and consider the trend for the last several quarters

USDx may be about to reverse so close EURUSD lon @ 13919
as T note prices fall

you just posted the numbers , i m busy watchin my milk dineros , i don thav time to think what you hav in mind

yen is interstin trade hit the dayly support