Saturday, 6 February 2010

Hmm what to do...

With a real mixed bag of data out of the Labour Department I´m left scratching my head as to what to do...I think its reasonable to say that we all know these numbers are a  joke and real unemployment in the US  if  far closer to 20% than 10%.. But you gotta trade what you see..

Thus far the 10´s have  fallen  sharply  from a spike to 118.77 down to the daily pivot at 118.06, currently  at 118.25, with yields rising Usd/Jpy and the other yen crosses have risen, taking with them  the lesser dollars of  Aussie, Kiwi and Canada.. Stocks are rising on may be a better unemployment number, but should these 10´s continue to sell off the impact of higher yields should quickly quash the bounce.

Bear flags are seen on all Yen pairs -
 

 
 














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