Yesterday's conference call between the leaders of Germany, France and Greece offered few new developments about the debt crisis solution, and yet market sentiment has managed to stabilize; with European and US equity markets closing strongly higher and the Nikkei trading +1.8% today. Much like previous statements, Merkel, Sarkozy and Papandreou committed to implementing the bailout agreements as soon as possible in a bid to allay market fears. Clearly their stand had the desired effect; markets have assumed that this declaration of faith in Greece from the Eurozone’s two most influential leaders means that the next tranche of EU/IMF funds will be paid out without further questioning. EURUSD is now trading comfortably above 1.3700 (having hit an overnight high of 1.3783), but the situation remains fragile, so we cannot rule out another setback.
-ac-markets.com-

Gold bugs, the warning was the H&S pattern on 4hr chart yesterday - the neckline 1795 is totally broken. The monthly candlestick is forming an inverted hammer. Gold will be a sell the whole of October as the central banks flood banks with useless dollar liquidity. Though dollars are being flooded, gold cannot rally since it was a defensive play with eurozone default being the drive.

Obviously my USDCHF long trade is now scrapped after this coordinated dollar hurricane!

I've got it! The American banksters don't trust their Euro counterparts with their USDs. Govt.to the rescue..AGAIN. Thanks.

WW3 is a given at some point mosdef. I expect to die rich nevertheless

http://m.cnbc.com/us_news/44534563/1

Wind of change.