Basic Strategy

I will probably not partake because I have large positions in both Gold and the AUD/GREENBACK pair, but it's pretty simple. Tomorrow morning, the Consumer Price Index number is published. If we have a decent hike in the number, say 0.3%...the Dollar will be crushed (EUR/USD will take off.) If it's less then expected, the opposite will happen.

I'm in the first camp. The solid channel I was so high on when I wrote this entry was seriously breached, and even though I refuse to believe this market will keep going higher, below's breakout didn't occur for no reason. I am a technician first. Fundamental analysis is a distant second place for me. (Clicking on the chart gives you a clearer view):