EUR

nope the US treasury has stilll the option to default on treasuries ... that would turn USD greenback in the most valuable cash of all dwarfing gold

Did anyone hear Obama's comments yesterday?

Obama plans to double US exports in 5 years.
Now, is it possible if the Dollar would appreciate another 30-50% from here?

The only way America and Obama can dig them out of this hole is by slow dollar depreciation over time. This accompanied with Yuan appreciation would give a fighting chance to the US economy to be competitive with the Brics and the new emerging economies of Asia.

How hard is this for any one to get it??

Euro and especially Euro/jpy were very busy late wall street and in asia morning,a bit oversold and failed to blast the resistence at start of london seession,needs to consolidate with rate decisions ahead ,a dodgy IMF report for spain,and public workers striking in greece to think about.

DJ European Interest Rate Technicals: Bonds To Undergo Setback

Thu Jul 08 02:36:05 2010 EDT

By Francis Bray, CFTe MSTA
A DOW JONES NEWSWIRES COLUMN

LONDON (Dow Jones)--Rolling 24-hour chart levels:

Futures: BUND GILT EURIBOR SHORT STG
Sep Sep Jun Jun
Previous Close 129.08 121.04 98.755 98.850
3 Day Trend Bearish Bearish Range Range
Weekly Trend Bullish Range Bearish Bullish
3rd Resistance 129.86 122.03 98.925 99.000
2nd Resistance 129.57 121.51 98.845 98.910
1st Resistance 129.41 121.31 98.805 98.890
Pivot* 129.24 121.13 98.763 98.860
1st Support 128.98 120.91 98.770 98.820
2nd Support 128.67 120.79 98.730 98.780
3rd Support 128.49 120.50 98.700 98.730

Intraday BUND: Wednesday's weakness brings the focus on the lower end of the
six-day consolidation range at 128.98/129.05, and is threatening a break lower.
The June 28 higher low at 128.67 is the first target, but scope exists for the
128.40/49 support area - the former representing a 1.618 extension target.
Regaining ground above 129.41 is required to question the bear threat, opening
129.57.

Weekly chart BUND trend: Bullish.

Intraday GILT: Bear pressure is building on Tuesday's low at 120.91, and is
threatening to force a downside break from a symmetrical triangle top. The
triangle low at 120.79 would become the immediate focus, and a break below
there would strengthen the July 1 contract high at 121.51, exposing a measured
target at 120.29. However, solid support may be tested in the 119.80/90 area.
Only above 121.31 would question the bearish outlook and open the 121.51 high.

Weekly chart GILT trend: Range.

Intraday EURIBOR: Key resistance at Monday's high at 98.805 has beaten back
the rally off 98.700, and Tuesday's low at 98.730 is set for a retest. 98.805
represents the support line of the broken symmetrical triangle top, and
suggests the July 2 reaction low at 98.700 is vulnerable. The minor projected
target at 98.645 lies below there. Only a break above 98.805 would question the
bear threat, opening significant resistance at 98.845.

Weekly chart EURIBOR trend: Bearish.

Intraday SHORT STERLING: Set a fresh contract high at 98.890 Wednesday, but
the lower close suggests a near-term peak has been found, and Tuesday's low at
98.820 becomes the focus. Key support lies at the 98.780 higher lows, and is
likely to limit the immediate downside threat. Only retesting 98.890 would
question the bearish outlook, opening 98.910.

Weekly chart SHORT STG trend: Bullish.

The pivot is the sum of the high, low and close divided by 3.

For more technical analysis see: Dow Jones Newswires, N/DJTA; Bloomberg, NI
DJTA; and Reuters key word search "INSI-DJN"

By Francis Bray; Dow Jones Newswires; 44 (0)207 842 9249;
francis.bray@dowjones.com