Won't happen. The data won't be strong enough, which will just cause confusion and then equities take off again. This rally ain't over.

U.S. Stocks Fall on Concern Fed Will Scale Back Stimulus

EURCHF 1.30 in the medium term.

Jordan Says Cap Adjustment and Negative Rates in SNB Toolkit

Agree there should be good short entries closer to parity tomorrow.

Australia consumer confidence falls sharply in May

Agree Jay. No way the EZ blows up, but some countries may leave it which will cause serious ructions and a lower Euro, which longer term could reach USD parity. In any case its got years of recession and high unemployment to deal with.

Lloyd Blankfein is wrong about Europe

Why does Forbes update this list daily at 5.30pm??? What a macabre misuse of time and energy. Just goes to show the avaricious nature of people watching and the associated envy. Pathetic.

Bill Gates Retakes World’s Richest Title From Carlos Slim

So much for the 200ema on the weekly chart - it held for about 30 minutes so this downtrend, while screaming for a reversal looks a lot like the Yen run last month - don't try to counter trade it - yet.

Australian dollar still getting sold

The 200ema on the weekly chart is at 0.9771 and will provide strong support, plus this is 9 straight days of falls. Its screaming for a bounce and this looks as good a place as any.

Aussie Disconnecting With Economy in 5% Plunge: Market Reversal

Austerity's going well isn't it! Not. What a fail from a group of dellusional unelected technocrats. Europe is heading for the cliff.

Germany's Perverse Devotion to Austerity

This will put a lid on any EUR short squeeze against the USD and suggests its headed lower. Having now comfortably taken out yesterday's low 1.29 may not hold but there remains a lot of congestion and support in the 1.28's which may take some time ...

German Gross domestic product slightly up in 1st quarter of 2013

Who cares what they say, I know what I'm seeing, and the AUD is approaching the weekly 200ema which will provide strong support at 0.9868. All the major fundamental news is now past including an interest rate cut, and with the USD overbought itself ...

Goldman: AUD Is Doomed; To Fall To 0.80 On Pure Macro Fundamentals

Just the latest grubby violation of individual's rights.

Spain Home Expropriation Plans Seen Violating EU Bailout

This latest barrier will probably just like the others. Next stop 104 where the multi year key resistance lies. Until then, if you're not in don't try to catch the speeding train, and certainly don't try to stand in front of it.

USD/JPY extends rally; latest barrier option interest looms

Very sad but not unexpected with the breathtaking incompetence of the political class largely to blame. Self interest has set us on the road to ruin and its now almost unstoppable. If the debt don't get ya, the social instability will.

Young people 'almost three times more likely than adults' to be unemployed

Something wrong with these stats. No way this many FT jobs created. When the market realises this it will correct somewhat but all the way back. Best to stay out at present until the dust settles.

Australia Labor Force

There has been a double fail at 0.84 in the last week, so looks like strong support. The daily macd has turned up so it may reach the 50ema at 0.8496 before turning lower.

Halifax House Price Index - April 2013

House prices higher, but new approvals lower. The GBP data is quite poor (but better than Europe) so the fundamental weakness is capping the GBP. Technically, 1.5600/05 is proving formidable resistance, and now the ema's have rolled over the 38.2% ...

Halifax House Price Index - April 2013

Same problem as Japan. NO amount of stimulus will kick start an economy when unemployment is too high and global innovation too low to generate new jobs fast enough, as well as ageing populations. There is no solution to this, only painful ...

Fed's credibility tested as inflation drifts below target

1.0155 looks strong. We are sitting on a double fail at present so lets see what happens in London session and NY. Next is the year low at 1.0115 and then 50% fib at 1.0104, and 1.01. Lots of support well before parity, and in a risk on environment ...

Will the AUD/USD Bounce Before Heading Lower?

And while on the phone should ask for a loan

How George Soros Made $60 million in just over 18 hours

And more importantly on the weekly chart.

Payrolls in U.S. Rise 165,000 as Unemployment Drops to 7.5%