The markets have picked up in European trade, with currencies broadly bid against the buck.

MORNING SLICES



FUNDYS

However, it is the major currencies that have jumped in front, with the normally better bid commodity bloc lagging behind. There has been no apparent direct catalyst for the moves, with most citing the price action...

EURUSD cracks past $1.3700 resistance which has been in play since mid-February to take it too a test of $1.3800. Currently eased off this level but there is an opportunity for a challenge to $1.4250 and into the desired profit target zone of $1.4400-1.4500.



Due diligence as always,
Z_S

Line Changes:
Moved Active Red entry line and dark red trendline down for contract rollover.

Position Changes:
None. Flat

Order Changes:
Canceled Mar orders
Sell stops 25% net allocated at 10377 Jun

FXCM Speculative Sentiment Index (SSI) Statistics:





Intraday Highlight:

NZDUSD - The ratio of long to short positions in the NZDUSD stands at -1.06 as nearly 51% of traders are short. Yesterday, the ratio was at 1.08 as 52% of open positions...

Line Changes:
Tentative green drawn

Position Changes:
None. Still flat.

Order Changes:
Sell stops moved up to 10436 Mar.

Comments:
May be moving 'blog' onto a regular thread around the equinox. If stay here or not, will also discuss, disclose more about the whole of the 'campaign' then