Auslanco - GBP/JPY and GBP/USD (newstrade)

No, it's going on for a while, it's G's policy makers e.g. no more QE....

FTSE is now closed, below key support levels, a 11 month low. Abysmal results in Spain, not without reason IMO. Tough shooting star to get beyond on the GY M30, but do note the stopping volume. There's a chance US equities will come back; 2pm to 2:35 will be key times, and things can again change as the 4pm close approaches. EY is at a 8 year low - it's regarded as the barometer of where things are going, and confidence is clearly low.

Quick, someone tune in Bloomberg in the Chicago pits and the NYSE - they're missing the Greek news!

Long again, almost at exit level 133.40

no, no sarcasm, i don't usually do that.

grandma is here

You also don't usually follow others' calls

End of the month. G/J Doooooooooooooowwwwwwwwwwwnnnn

Yes, yes we hear you...........

Ah, I'm wondering if this is just mark down by the pros to buy at a discount for news later on in the week...

i think we may retrace to fibo 61.8 before going down.i hve pending order at 134.3 to short.good luck

i think we may retrace to fibo 61.8 before going down.i hve pending order at 134.3 to short.good luck

As long as these 2 DTL's hold I will be fine.

Hope for you it will, but strength of G and level of UJ does me expect otherwise....

Not likely IMHO as there seems to be a compendium of bad news building up. They're having trouble cooking all the numbers, hence Obamaspeak & Ben on TV today telling us all "everything is OK". You have to pick a bias on NFP, and given what we know about the census jobs, BP disaster job displacement, I can't imagine good numbers.

The S&P and DOW look lethargic and very bearish to me. Sure there's GY strength, but as far as yen crosses go, the majority are further bearish, and GY will get dragged down. The best yen cross trades are AY, CY, NY. Am looking for 88.2 on UJ before a slight bounce, but I really see the equity markets (aka economic recovery picture) setting tone and direction. Still hanging on for a possible 2-3pm EST equity dump today.

Things getting slightly worse but I'm not sensing a dump yet. The last hour of US trading will be important. If we close around these levels @ 4pm, I might be buying GY. Concerned though that the yen has just continued to gain through the day to 331.30 or 1.13% on the day, but might be up against some resistance.

Sideways after huge dump means only one thing - there are no buyers there but i dont have a volume feed so i am just only guessing.

patience pills taken - the drama will come unexpectedly

ES broke the most important level.

Good bye

looks like the 1 hr is strong. Doji action and check out the wiks on the way up to the trendline. 20:00 candle tells the tail.

Jim

“The euro is a victim of its own success”, so says Herman Van Rompuy today. For those not familiar with my previous diatribe against this weasel, Hermin the Vermin is what I consider the quintessential federalistic Eurocrat. Hey, Vermy boy, you mean like Madoff? Dude, do us all a favour and just spill the beans; You want to protect you master’s (Merk the berk) promise to your homeland banks that they will get back the money loaned to the PIGS.

Other editorial today was speculating upon a two-tier Europe/Euro. Hmm, are we talking rich and poor, master and servant… Aryan and non? How can one possibly run a federation with two currencies, for crying out load! One can already see that without equality and continuity within EuroLand, a single currency cannot cope. Unless, of course, the free-loaders in Brussels recognize that in order to keep the dream alive – at least until retirement and gold-plated pension - another system of bureaucracy is introduced.

I still intend to run that sweepstakes for a Euro V2 to be put into place 01.01.11 – an ominous date, with an ominous title – oh the fun I would have if it really came to pass that it was named V2.

Charts are S&P this evening, as this, I feel, will be critical for movement of Geppy. The Euro, too, but I am mindful of recent events concerning the ECB liquidity flow, and also Greek bond issues this week – hmm, doesn’t look like it is going too well. NFP is expected to be a little rocker, too. Reading lots of comment about an equity dive until November.

Anyway, before moving to the charts, and considering today’s moves on the indices, I thought this quote by Mark Twain was rather apt. “October: This is one of the particularly dangerous months to invest in stocks. Other dangerous months are July, January, September, April, November, May, March, June, December, August and February. “

a big chance if daily close below 133.530 our next target down to 131.98 another levels will be updated then..

.. still in love with GJ even its head burning