USD index

[Cswim63]

I don't think I'd want to be short gold here.

 

[SunTrader]

I don't think I'd want to be short gold here.

May be so but there's not much reason to be long either. And the trend is still the trend till it ain't.

 

[Cswim63]

Gold poised to break down again. I thought there was a possibility of panic and a rush to the yellow metal, but it looks like that's passed for now. I'm short Euro from 1.1342 after getting stopped above 1.14.

 

[Cswim63]

If anyone can find any reason to be long Euro right now, please raise your hand. Because I can't find one. And I'd actually prefer it if I could.

 

[Cswim63]

Dr. Copper not looking so healthy.

 

[Cswim63]

Wondering if theres any correlation to usdjpy. It has pushed higher, but weakness in copper suggests risk off to come.

 

[SunTrader]

Not much buying of anything so far today. Except as you mentioned last night, possible risk off coming, Yen/Swissie.

 

[Cswim63]

Closed out Euro short at a small loss. Euro keeps going to the edge of the cliff and pulling back. I'm wondering if there are lots of options being taken off when that happens.

 

[treeman]

:0

If there’s a throwback, I’ll be double dipping

Next week is looking like a double dip around 1.16 eurusd

 

[Cswim63]

Taking a shot here long Usdcad at 1.3042. It's broken the most recent downtrend line, as Euro etc. have broken down. There's a nice pennant on the hourly. I believe the move has caught traders short USD.