We are looking to add to Euro Yen shorts because: * It has completed a trend sequence from the 97 low * It forms part of a Spiral Analogy that projects new lows * Even under a bullish scenario it has high probability and an excellent risk/return. Euro Yen has maintained the uptrend from the…

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Fundamental Headlines – Jobless Claims in U.S. Fall to Lowest Level in Four Years – Bloomberg – Volcker says U.S. Needs Reforms in Finance, Government – Bloomberg – U.S. Exempts 11 States from Iran Sanctions; China, India Exposed – Reuters – China Factory Activity Slows, Stoking Market Fears – WSJ – Euro-zone Banks get Show…

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Talking Points Euro: Italy Spain Too Big To Be Saved, SP Sees Risk Of Complacency Trap British Pound: Retail Sales Slumps, Short-Term Correction To Gather Pace U.S. Dollar: Fed’s Bullard Sees Inflationary Risks, More Central Bank Rhetoric On Tap Euro: Italy Spain Too Big To Be Saved, SP Sees Risk Of Complacency Trap The Euro…

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China PMI results open risk liquidation Commodity bloc and emerging market FX exposed Global equities also at risk for more sizable pullbacks ECB Draghi leaves door open for additional accommodation Risk correlated currencies have come under intensified pressure into Thursday, with these markets responding to the disappointing China HSBC flash manufacturing PMIs which were well…

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