From Matrix ( I am fortunate to get occasional emails from him )

I see Mr Yen sold all positions at the open Fri….100% cash based on the action below setting up once again a human decision to trade not the indicators and with all that’s going on next week looking to be on the sidelines regardless:

Draghi talking down Euro$ which sets up a “must” act on the Dec 4th ECB meeting or risk losing all credibility.

$Swiss tanking…..of course the US$ was reacting off these two negative moves

$CAD was bullish as our inflation rate jumping suggesting BOC stance will now be changing to a possible rate hike outlook in 2015….complete BS

Aus$ gets bid on the back of the idea the China rate cut will be commodity bullish

Next week could produce some insane swings as the tug-of-war between the central bank actions producing an inflationary pop can actually take hold, we think not and those who bought commodities will see the FX markets correctly positioning the outcome….higher US$ will be the results, lower commodities.

With the following data out next week we think being a couple days late to the real trend that hopefully shows its hand by Fri to Monday Dec1 is the correct approach setting up 1 more decent % gain during Dec to close out a great year.

Mon: GoldnSilver options expiry…….BOJ minutes = could further weaken $Yen….Japan has been a well known mess for a very long time and the BOJ has been very aggressive for the last two years as it seems now the focus will be on Draghi and the Euro zone so the $Swiss could well be the leading gold indicator going forward….the Weekly $Yen/Gold is suggesting so and we’ll look for the Monthly to confirm the switch.

**** if it hadn’t been for the PBOC rate cut gold would have been testing $1160 again off the currency action Draghi created and the PBOC as their rate cut is $ bullish within the currency markets but was also seen bullish within the commodity sector…..the fade of that trade into the close was telling.

Tues: US GDP and consumer confidence = both could add further $ gains

Wed: US Durable goods

Thurs: German unemployment…..German CPI…..Japan CPI

***Opec meeting could create a continued lower trend or reverse the trend for the next quarter

Fri: Euro zone CPI……Canada’s GDP=who cares!

So the two economies worried the most about Deflation Europe (Germany) and Japan have inflation data out, do the govies BS the numbers suggesting their aggressive policies are warranted or do they come in slightly up beat leaving 2015 for true data points? and further action?

Swiss vote next weekend could have a big effect on the SFranc sending gold along for the ride as the PBOC rate cut fades off and currencies take over the true trend.

All the action of the central banksters is highlighting the global Deflationary trend in play especially the rate cut out of China

Obviously we could careless what unfolds just give us a trend for Dec…..as we apply our very simple indicators as currency traders are a simple bunch………<..>

I see Danny boy nailed the action with his Dollar commentary!

Exciting action…………… Matrix

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http://matrix.goldtadise.com/