Price action. Seems like the market is kicking out the last weak USD shorts (and trapping new longs), especially against EUR and CHF. Also, Gold and Silver are leading. Still going up strongly, usually before a USD decline. I may be wrong of course, but this is my call for the week
I have been building positions in EUR/USD and USD/CHF in the last 16hours. When I finish, I will let you know my average entry prices.
I tend to only trade ona very short term bais so anything I say should be read with caution. However between now and the end of the year billions of dollars have to be repratiated to the States by US firms, following the tax amnesty. For the dollar to weaken against this back drop will be very difficuly. 2006 is a different story though.