The USD may be honing in on an interesting weekly close today, but how do the G-10 currencies look in the bigger picture? Let’s have a look at our G10 mega charts to reveal the bigger picture. Now that we’re past the last/first day of the month circus and now that we’re past the ECB LTRO/Bernanke testimony, the market may be showing that the “hooray for liquidity” rally has played itself out for now as we don’t really have sufficiently imminent prospects for easing on the horizon. Using our “QE as morphine” paradigm, it may be time for a cycle of withdrawal now that the highs from the previous liquidity fixes are ... (full story)