Complete Traders

VERY OBVIOUSLY WE ARE IN THE REBOUND NOW RE EUR/USD AND GBP/USD.SHORT COVERING,GETTING OUT OF OVERSOLD TERRITORIES ARE THE NAME OF THE GAME. HOWEVER FUNDAMENTALLY NOTHING
CHANGED. THE UK HAS ITS HUNG PARLIAMENT NOW AND THE EURO IS JUST IN THE SAME POSITION. I EXPECT A BIT MORE PROFIT TAKING AND AFTER THAT THE OLD ADAGIUM OF SELLING THE RALLIES WILL COME BACK INTO FOCUS.I EXPECT STOCK MARKETS TO COLLAPSE IN EUROPE, THE CDS MARKET GOING UP FURTHER AND THE CURRENCIES AGST US COMING UNDER RENEWED PRESSURE.
WE WILL SEE TOMORROW MORNING IN EUROPE.DONT FORGET THE NFP FIG. BUT HAVE THE FEELING THAT A GOOD NUMBER WILL LEAD TO FURTHER SELL OF WHILE A BAD NUMBER WILL PROVIDE A NICE UP SPIKE TO SELL INTO.SO THE RESULT EVENTUALLY WILL BE THE SAME.GOOD NIGHT SEE YOU TOMORROW.