@QW - NFP today will be a none event as much as the jobs print will be bad - already priced in by the risk off mood. The EURUSD cross having tanked almost 400pips yesterday should bounce a little today, but I wouldn't be shocked to see it test 1.44 before proper buy support comes in. At 1.45xx it is still in no man's land.

The silver massacre continues and if it closes at $33.60 today that will be a 32% back-flip. It has already surpassed my buy target of $35, but the selling is not yet complete. Yesterday oil too fell down by more than 10%. Seems like the commodities market has hit the fan for now...


Update - NFP prints a positive jobs figure; more than expected and the EURUSD immediately spikes down to 1.4450s. Meanwhile USDJPY spikes up to almost 81.00.

CADJPY is a better trade from 83.70 if the pullback allows.
The ugliest 4hr chart I've scoped after yesterday's euro massacre is the EURAUD cross. This one has acres of room to tank.

update 2 - CADJPY long position order triggered @83.70. SL - 83.00 and TP - 85.00. Will keep it alive till Tuesday. This is a small position - lot size 0.2.

Asia session on australia pre open sees EURUSD ticked down to 1.435x. All 1.44xx buy stops cleared?! The Greece drama begins... Closed CADJPY @ 83.40, 70pips loss.
I'm staying out of this madness for now since EURUSD is already down almost 800pips in 3 days!? It feels like silver...

@Ceinz - Commodities took too much in the chin during the sharp selloff and will retrace some, but the selling bout is not yet done. Better buy opportunities will present themselves in 3 weeks time. If you look at the silver exit volume as it raced to $48-50 levels, I expect that supply to take a while to clear. Same case with gold at $1560-1580 and brent oil at $125. The longterm bullish channels still hold, but in the short term, going long now means you get chopped out many times. I hope you still holding on to the short EURGBP trade. This one looks to test 0.86 before proper support comes in.

EURUSD - is excessively oversold in the short timeframes, should bounce at least to 1.44 - 1.45 before sellers come back.

For the USD trade, I'll take some small sells on the EURUSD when the levels mentioned above are hit, but the AUDUSD is my favourite for the USD play. Above 1.08x I'll be short as I expect gold, silver and oil to be overbought by then in this current brief rally. I'm also scoping the AUDCAD for my swing trade. If it can test the 1.05 level the better to confirm the double top on the long time frame - monthly. The aussie all time highs look like the euro all time highs back in 2008. The crash of this crowded longs party will be interesting when it unravels... This is why I've been an aussie seller in anticipation of the bullish fallout... I'm also seeing the same thing on the singapore dollar and the rand...

Position 1 pips (600pips = 200x3 of 0.1 lot sizes) booked on AUDUSD short at 1.0810 taken on Tuesday. Position 2 (lot size 0.5) SL adjusted to breakeven and sell target revised to 1.05. I'm looking for 10k this month and I'll get from this aussie... Am I aggressive, yes...

I am waiting to see how ECB and EU handle the anti-aid loggerheads from Finland. I'm also waiting to see what 2nd package Greece gets in order to determine if ECB will be forced to reverse their stupid April rate hike move with all the foul defaults follow through. If the package is full of debtor traps (expected), then shorting the EURGBP will be my play in anticipation of the ECB reversing the rate hike.