today is the day before Full Moon, and something important is supposed to happen. And indeed something happened, Euro broke through the multi yr down trend line stretching from 1.6000 to 1.4700 towards 1.3570.
Despite ECB new QE stance, Euro is rallying, going to catch those who short Euro by surprise.
While GBP is going to break 1.5200 as well.
Crude is going to cross 60 next week. Hyper inflation era is starting on this date 9 May, pushing USD a step closing to Banana paper status.
Meanwhile expect another leg up for Equities before next Friday OPEX.
if you are a diehard shortees, wait for 954 200 days moving average, possibly 960.
meanwhile just ride the GS/PPT wave for some quick profits.
Bernanke has to decide this weekend, USD or the Equities/Treasuries yield.
higher Treasuries yield because monies flowing away from Treasuries into commodities, Crude and Equities.
Long dated Tbills no longer sought by China, means demand for USD lessen.
This may be the trigger for a USD collapse, with China scrambling to the door selling its Treasuries back to FED.
Can Bernanke call a stop to the PPT/GS programmed buying ?
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