EurAnalysis

Slim canlde?
What does it mean?

Not clear till it reaches the lower critical demand zone ....

Keep your eye on 1.3125 critical support.
If we break and hold below there, it signals a resumption of the bear trend.
In the meantime, be careful as I explained earlier, we could get whipsawed by announcements from the ongoing EU summit.

Italian/German and Spanish/German bond yield spreads are widening

http://www.forexlive.com/blog/2012/0...read-widening/

USD Index (H4)

Rising channel was respected.

Let's see if falling channel is breached today. This is a critical point.

If it fails to breach, then we may be heading into a consolidation pennant.

Same here

Slim means sexy

@ Daily Previous 2 Candles form bullish engulf and yesteday candles form doji which no decision yet,the good news is the daily doji also breaking up...looking very positive for USD

lol
Let see what that 'Sexy Bitch ' will bring us for today....

I am cautiously short at 1.3248 due to the break and retest of the monthly pivot.

M15 chart attached

Nearing the bottom of my 4 hour trend channel as posted yesterday. I expect resistance around the 1.3220 area.

USDX

On the USDX I have 79.300 as resistance and 79.400 as the overbuy level.

No more pull pull back back for USD and today is the day for huge breakout for USD after bullish engulf and doji breaking...lolz

wait am dreaming

There were stops triggered at 1.3220 and there is reportedly some heavy Polish selling right now.

http://www.forexlive.com/blog/2012/0...extends-slump/

Also, 1.3211 is Daily S3 level so right now I don't know if there's much to the down side. I'll sit and wait for direction, although tempted on opening another short right now (just closed 1.3350 to 1.3212).

http://www.zerohedge.com/news/next-l...starting-today

Snippet:

In other words, while the Fed's charter forbids it from buying US equities outright, it certainly can promise that it will bail out such bosom friends as the Bank of Israel, the Swiss National Bank, and soon everyone else, if and when their investment in Apple should sour.
Luckily, this means that the exponential phase in risk is approaching as everyone will now scramble to frontrun central bank purchases no longer in bonds, but in stocks outright, leading to epic surges in everything risk related, then collapse and force the Fed to print tens of trillions to bail everyone out all over again, rinse repeat, until this chart becomes asymptotic. We say luckily, because it means that the long overdue systemic reset is finally approaching.
http://www.zerohedge.com/sites/defau...and%20M1_0.jpg

And With This John Williams For A Dose Of Reality...

http://kingworldnews.com/kingworldne...Stability.html

Snippet:



Williams added this regarding the Fed and inflation: “Mr. Bernanke continued to pay lip-service to the Federal Reserve’s ‘inflation-containment’ in his semi-annual testimony to Congress, reaffirming the Federal Open Market Committee’s (FOMC) announcement on January 25th that it would target year-to-year inflation—as measured by change in the PCE deflator—at 2.0%.



Instead of suggesting a boost in interest rates, which would be the normal response to inflation being above the targeted 2.0%, the Fed keeps promising low rates into the foreseeable future, along with suggestions of possible renewed purchases of U.S. Treasury debt, actions that run counter to containing inflation.



As argued previously, this ‘inflation targeting’ effort primarily is pabulum for those in the markets who think the Fed really would move to contain inflation at the cost of impairing already-fragile banking-system solvency. The Fed’s primary function remains keeping the banking system afloat, at any cost.”



Williams also noted: “With unusual seasonal factors at work in January’s payroll estimates, and with Mr. Bernanke’s recent caution on the sustainability of the decline in the headline unemployment rate, odds favor a much weaker-than-expected payroll number, as well as an uptick in the headline unemployment rate.



The broader U6 and SGS unemployment rate estimates likely will move higher, with increasing numbers of unemployed shifting out of headline unemployment the headline labor force, into short- and long-term discouraged worker status.”



The above was just a small portion of another top shelf report by John Williams of Shadowstats.


Kno's Comments: The Stock Market Bears Watching and next Friday's NFP might be very important to the bigger picture. The whole EXERCISE is about the Election and no tricks left on the table. It is only about POWER at all costs.

http://theeconomiccollapseblog.com/a...last-recession

Reading this article and combined with my previous post gives some good explanation on the Euro weakness and short term US Dollar strength. There are no rules anymore and understanding how the MANIPULATIONS are taking place should allow you to get on the right side of the movements. It is all about PERCEPTION (FALSE) VS REALITY (TRUE) and short term MANIPULATIONS for continuation of POWER and WEALTH.

Snippet:

10.7 Percent: Unemployment In Europe Is Worse Than It Was At The Peak Of The Last Recession



http://theeconomiccollapseblog.com/w...on-250x166.jpgThe unemployment rate in the eurozone is now 10.7 percent. That is the highest the unemployment rate has been since the introduction of the euro. The unemployment rate in the eurozone never got any higher than 10.2 percent during the last recession. This is very troubling news. It was just recently announced that the eurozone has entered another recession, and already the unemployment rate is hitting new record highs. So how bad are things going to get in the months to come? The truth is that the problems for Europe are just starting. The European sovereign debt crisis continues to get worse, and another major global financial crisis is going to be here way too soon. The EU as a whole has a larger population, a larger banking system and more Fortune 500 companies than the United States does.

When the financial system of Europe crashes, the entire world is going to feel it.

Some of the unemployment numbers coming out of Europe are absolutely staggering.

Unemployment in Spain is 19.9

Snippet:

The frightening thing is that we haven't even had a major financial crisis in Europe yet. So far, the powers that be have been able to keep Greece from defaulting and have been able to keep major banks all over Europe from collapsing.

But there are quite a few signs that the "moment of reckoning" for Europe is rapidly approaching....

-The European Central Bank announced on Tuesday that it would no longer take Greek bonds as collateral from European banks. That is a really bad sign.

-Major European banks are revealing unexpectedly huge losses on Greek debt. The following is from a Reuters article....

The scars of Greece's debt crisis were laid bare in heavy losses from a string of European banks on Thursday, and bosses warned the region's precarious finances would continue to threaten economic growth and earnings.

From France to Germany, Britain to Belgium, four of the region's biggest banks lined up to reveal they lost more than 8 billion euros (6.8 million pounds) last year from their Greek bonds holdings.

Snippet:

The International Swaps and Derivatives Association has ruled that the Greek debt deal will not trigger payouts on credit default swaps. This is going to make it less likely that private bondholders will voluntarily agree to the debt deal.

This ruling is also seriously shaking confidence in credit default swaps. After all, they are supposed to be "insurance" in case something happens. But if they aren't going to pay out when you need them, what good are they?

-Voters in Germany are sick and tired of pouring money into a black hole. One recent opinion poll in Germany showed that Germans are overwhelmingly against more bailouts for Greece.

Some German politicians are becoming very open about their feelings for Greece. For example, Interior Minister Hans-Peter Friedrich said the following in a recent interview with Der Spiegel....

"Greece's chances to regenerate itself and become competitive are surely greater outside the monetary union than if it remains in the euro area." He added that he did not support a forced exit. "I'm not talking about throwing Greece out, but rather about creating incentives for an exit that they can't pass up."

Kno's Comments: I agree 100% with the following conclusions. It gives you a good idea of what to be aware of and what to look for as we get there. Think for YOURSELF and NOT what THEY want you to think. That is your EDGE !!!

CONCLUSIONS...

As I have written about before, Greece is already going through a devastating economic depression. The people of Greece are not in the mood to be pushed much further.

The eurozone is a powder keg that could explode at any time.

So why is the U.S. economy doing so much better than the European economy right now?

Well, a big reason is because we haven't seen any austerity in the United States yet.

Barack Obama is funding our false prosperity by borrowing 150 million dollars an hour from our children and our grandchildren.

Of course all of this reckless borrowing is going to make the eventual collapse of our financial system far worse, but right now Americans don't seem to care. The only thing the mainstream media seems to care about is that some of our economic numbers are getting slightly better.

The sad thing is that our government is spending a lot of this money on some of the most stupid things that you could possibly imagine.

Did you know that the Obama administration just spent $750,000 on a brand new soccer field for detainees held at Guantanamo Bay?

I wish I had a $750,000 soccer field to play on.
I would love that.

Look, when the federal government quits stealing more than a trillion dollars a year from future generations things are going to look a whole lot different in this country.

So pay attention to what is going on in Europe.
That is where we are headed eventually.


That is where we are headed eventually.
http://theeconomiccollapseblog.com/w...ts-440x427.jpg
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