2 DOJI 's yesterday !  What does everyone think ?

Hi Folks

What happens when you get coordinated intervention from 6 of the major economies in the world? A short and medium change in bias thats what. 24 hours ago I was very bearish on the Euro. Long-term I still am, however for today I am going to be biased to the longside. Check out the video for my plan A and plan B.

Don't forget NFP this Friday.

Regards

Rob Helean

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Gold and silver moderately changed yesterday with no clear trend. Italy's bond sale gone well and may have indicated a slight positive sentiment in the financial markets in regards to the recent changes in Italy. Today the U.S consumer Pending Home Sales report will be published, Euro Area Annual Inflation rate, ADP estimate of U.S. non-farm payroll, Australian Retail Trade and China's Manufacturing PMI.

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It is not new at all as this video from Ted.com was released in September 2009 but I just found it today and I'm still amazed by this guy Lewis Pugh and his determination to fulfill his dream.

Hat off Mr. Pugh!

Francesc

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Currency Hedge Funds' Miserable Year Extends In October

By NEIL SHAH

NEW YORK (Dow Jones)--Hedge funds are continuing to get hammered on currency trading as a tumultuous 2011 winds down, according to a widely followed performance index.

Currency-focused hedge funds dropped 1.33% in October, according to Parker Global Strategies, which invests in…

Risk sentiment surged in today’s session helping European higher yielders  (EUR and …

Currently the cross is @ 1.3466.  We have broken out of the downtrend in pretty dramatic fashion and are sitting just on the .382 Fibo support @ 1.3447.   Expect a slight pullback and then a move to the R5 target @ 1.3591. A breakdown would a move to the R3 @  1.3358.…

Feeling exhausted today..

9915-20 and under to it AUD has a GR8 fall............

EURO 3305 resis and 3210 begging to be tested, some big option xpiry interest at 3250 hindering the momo at the moment..…

Pretty much xplanation on the charts. DX looks bullish.

SPX looking for 1164 test and is imp.

GU could lead to a meltdown if breaks 5470....…

Greetings.



The GBP/JPY hourly chart shows the overall trend appears to be bearish, however, it looks like we may be in the middle of a potential retracement. Look for the shorter term retracement to potentially head up to test the 123.00 area and above.



Once this upward retracement completes, then look for the pair to potentially head back down sharply.



Good luck with trading and be sure to use your money management.…

1193 is supp and 1207-08 seems to have completed the bounce off from the current lows.

1193 loss could cause a faster drop on SPX

extended range 1217-18 must absolutely hold else this is gone beyond the correction mode.

EURO tested its line in the sand 3435-40 lvl and all those who shorted could see the gap closing on it as well.......



GL..…

Labor Market – Will German Labor Market Reverse?

Dated from Germany, to be released in the Wednesday European trading session, is expected to show the number of unemployed in Germany dropping by 6K in October. That would be a partial …

Release: Private Capital Expenditure q/q  (3Q)

 Forecast: 8.2%,      Previous: 4.9%

Release: Private Sector Credit m/m (Oct)

Forecast: 0.4%    Previous: 0.5%

Date/Time: 11/29/11 at 7:30PM ET (00:30 GMT, 11/30/11)

Capital Expenditure – Mining Sector Continues to Power …

The Federal Reserve and the big banks fought for more than two years to keep details of the largest bailout in U.S. history a secret.

Now, the rest of the world can see what it was missing.

The the full article and comments !…

Currently the cross is @ 0.9990.  We are sitting just under support @ 0.9965 after taking out our target (R5) from yesterday.  A break of the support would indicate a move to the R4 @  0.9906. If the support  holds look to go back to the R5 @ 1.0050 and then resistance @ 1.0100/1.0113.…

Previous support area around 3430 level got targeted overnight as price shoot up to 3440 level before reversing. A .618 fib zone combined with resistance gave bears a good level to go to attack. i would expect to see new lows. good luck.

click here for more charts and trade…

Gold and silver started the week with sharp rises, after they had declined on Friday. Major commodities such as oil also rallied yesterday. The news of Fitch's negative outlook on U.S. might influence trades during the day. The Italians plan another debt auction that will start today. This might affect forex and commodities traders especially if the auction won't go well. Today the U.S consumer confidence report will be published.

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