Macro Trends

The weekend didn't produce all out war. A certain amount of momentum and fear is lost over time, if things don't progress further. I see a reversal in the 'fear' trades start of the week.

Oil/GOLD/USD ..will fall back to support. Means you might see a initial attempt up in asian session with failures to progress, and retracements to support.

Stocks should fall victim to short covering rallies. Bonds should retrace too, the FED wont raise interest rates Aug 8th. 10 year note will hit 5.15%.

116.50-->115.00 (1/2 the 300 pip range).

So if your banking on this trade, place the trade at 116.39 with a 20 pip stop. Risk/Reward should be 1/7.

the market opened surprisingly dollar bullish.. going to wait for 116.60 to short the usd. The tune might change higher.. have to look at price action in asian session.