Risk on due to IMF Italy package rumour and China euro buy ventures. IMF confirmed no Italy package. As for the chings, the euro is always peddling that ching buying story. After the euro summit on Wednesday we will see how the magic works in Dec...

Is the BOJ Considering Stealth Intervention Overseas?
http://www.babypips.com/blogs/p...tervention-overseas.html

euro$ currently in a make or break situation !!!

@Eric aka QW - have you noticed the gap ups and gap downs on both EURUSD and USDX... At some point they'll be filled. In the short term I expect EURUSD to rally before the next selling bout targeting 1.3140 and 1.3000. I still see scope of USDX testing and surpassing 80 before getting a major resistance at 85. Unless we have another spectacular GFC, 85 should be a strong top.

Long USDSGD position 2 closed at market @1.2820. Profit = $1840 less rollover charges. No need fighting the Fed & its global CB counterparts. I was hoping 1.32 would be hit. Still bullish on this cross as well as USDZAR. Bearish AUDUSD & NZDUSD. Waiting for the hopium to calm down in 2 weeks time...