A Blog of Commentary and Ideas from an FXstreet Premium Member by 
Happy Thursday!
We had some generous and full activity yesterday with Data Point Releases…intraday breakouts…and Crude and Gold “steering” some Currency Units as well !
It is always a pleasure to have returning Volume and Institutional activity returning to the Arena, isn’t it!
Are we back to “Full Throttle”?… I still do not believe so.
We have a massively “symbolic” Non-Farm Payrolls Day on Friday…which will cap 2008 and gives us some semblance of the year as a whole.
This is a key reason why I personally think we will see “Full Throttle” next week…as we still have various Agendas playing out on different Financial levels.
While 2008 is over…2008 “Housekeeping” surely is not!
Now to the Aussie…
We have most Majors in “compliment” with each other in directional movement…Fiber, Cable, and the Aussie are quite similar going forward.
(Post-time is 3:10 GMT)
(click once for the capture)
Not much to say here, really….rather straightforward.
We are still working a Macro-Bear Flag formation here, so if you hold this view…be mindful of a downside purge possibly back to Major Support at .6350.
If your view is Bullish…and if our two Anchor trendlines can hold Price in a “reasonable fashion”…then a push to the .7700 area is probable.
On another Note:
I will be trying to give all of you some Intraday Updates as often as possible to the Blog, and I begun this process yesterday with the ADP and Crude Inventories Posts preceeding this one.
I hope they prove to be useful and beneficial for you and as always…your feedback and commentary is always welcome!
Really appreciate intraday updates Tim, keep up the good work… and the good humour!
Greetings Christian, and thank you for your participation!
It truly is my intention to provide Market analysis and ideas for all types of Traders…so trying to get in some Intraday Updates is a fine solution here!
Being a longer-term Trader personally…with longer-term views…I needed to get in there and give the shorter-term intraday Traders some perspectives as well.
I hope they prove to be helpful and of course…the humor does go along way!
Trading is deeply serious business…but it should be enjoyable, too!
Thanks Tim,
Just started trading few months back, been a ride.
Always in search of tips and news, glad I found you.
Greetings Matt!
Welcome aboard the wonderful and dynamic world of Foreign Exchange Trading!
FXstreet will provide an abundance of resources, perspective and educational Tools for you at your disposal!
Feel free to comment and ask questions on my Blog here, and to all the Blog professionals here on FXstreet!
You will certainly find quality information that will compliment your learning curve as you progress!
Sincerely,
- Tim -