soo true.
Bears still ruling on the EUR/USD pair.
Tomorrow looks big on fundies aka funnies what with nonfarm payrolls,Dec unemployment for both US and CA. RSIs,hammers and the like wont matter much!

Bearish on Euro, Gold and oil in the short run. I plan to short the EUR/USD pair tomorrow during the European session and close positions an hour or so to the release. Will trade the NFPs as well!

Have already exited my oil intra-day position. Seems support at 91.30 is pretty solid.

Going into NFP with minimal exposure, the only trade that I have left slightly exposed in my NZDUSD short. Will wait and see how it pans out post or pre-NFP and I hope I can get a better bargain on gold. Looking to buy into a nice dip or breakout to the upside.

Closed position at 1.3605 locking in 10pips. Might as well start my weekend

Saw Lagarde on CNBC saying that they will be looking for an alternative safe haven from gold on Friday, but the resilient gold bulls pushed on due to rebalancing, that should continue for two more days before we start looking for possibly bearish opportunities

Getting close...

Metals, Currency Rigging Is Worse Than Libor, Bafin Says - http://www.bloomberg.com...afin-s-koenig-says.html




Deutsche quits gold price-setting as regulators investigate fix - http://www.reuters.com/a...x-idUSL5N0KR19G20140117



Markets hate confessions. A debasement is coming like a thief in the night... Don't get suckered!

AUDUSD looks pretty much headed for 8500. Short-term pullback in play.

This audusd downwards locomotive looks like it will be fueled a lot by the Chinese possible credit crisis and stocks downturn. Gold is just clearing short positions, it was too crowded.

Heres another interesting take on whats driving the emerging market flows:

Societe Generale - This correction differs from your run of the mill. It was clear some EM reduction was already on the way a few days before the correction turned vicious and little of it showed classic contagion. The size of the EM pressure was of such a large size in more exotic destination (e.g. ARS) that some very large funds or banks must have been involved, otherwise reserve managers would have smoothed the pressure.
So who are the behemoth of such large scale re-allocation of capital. The WSJ reports a major Asian equity fund was unwound by its SWF backer last week. This is a decent clue. Ahead of Fed tightening, SWFs may be scaling down their hedge fund, equity and alternative investments holdings to concentrate into short dated government bonds (reserve managers run the short end). That is presumably very short dated UST and European bonds.
The price dynamics and ECB promising to fight deflation means that core and soft core European bonds are promising alternatives to equities. This suggests that the EUR should stay strong relative to its satellite currencies (smaller reserves will be squeezed for some USD liquidity).
While the Fed is widely expected to accelerate the pace of tightening, the adjustment in positions changes very little. USDJPY is likely to base and rebound quickly in the next 24h as VaR risk reduction runs its course. USDCAD even with such large long positioning barely budged in the past few days. That suggests the trend up is very much intact, the BoC there is clearly your friend”