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Right, move up in discount rate has already been discounted it would seem. So markets always looking for more, the next six months. I'm seeing slight anecdotal evidence of US economy slacking. Consumer may be tapped out. Trucking got really soft the past month after a strong summer. That may be...

Hmmm. Guess we'll have to throw that in the pot too.

Well, the prevailing trend is USD up, gold down, although gold has had a steady move against since end of October. And that's the textbook move. So I'm looking for continuation, gold down, USD up. But trying to keep an open mind as always.

Yes but that puts it (Euro) in breakout mode big time.

Signs of a reversal in gold on the 4hr.

Hourly charts starting to roll over a bit. All we need is some momentum. Kind of late to be trading anyway. Maybe tonight/Asia open.

Flat. Just going to watch. GBP now flagging.

Usdjpy firming up. Let's see if it holds.

I'm short Euro, Aussie, GBP, Jpy small amount on this stealth move down. Not expecting a lot, just following.

Flat. Got out of GBP at 1.3095, Euro at 1.1597. When I start to see churning PA it's time to leave, especially on the open. There just wasn't anything left to push GBP or anything else lower right now.

Really just messed the yen short up. Had a good chance to take some off, but thought it was shooting for 1.1450 and above. It really can move violently, quickly.

Usually don't trade the Pound, but I was watching it today NY session.

Yes it has been. I would love to see a volume profile of the last few days. It seems like a new profile is being created with the point of control right here at 1.1580 or so.

I've noticed that often just as I've given up on something, it starts to move. There has to be something to that. I believe that many others have as well, and that's what fuels the move.

Shorted a little bit of Euro, too.

I shorted some. I had given up on the USD trade as dead, now I look and it has come to life again.

Interesting

Looks like stop hunting, if I did believe in that sort of thing.

I notice that the Aussie seems to move first. If the Euro is going down but the Aussie is lagging, the move doesn't seem to have any power. But once the Aussie, Nzd break, then you get some momentum. Just a general thing, perhaps my imagination.

I feel like I should just come back in two days with this position. Short Euro, short Aussie, long usdjpy.