The "Appearance" Agenda

too many conflicting signals here i think

the dax & ftse are clearly waiting for a signal to break higher

euro is in a fairly tight range too but gold still weak.

ive found gold to be a good leading indicator of usa economic data in the past.

my theory is that gold trades arent monitored for insider dealing like stocks/futures. so if those with inside economic info want to profit from it, they trade gold rather than stocks/futures. just guess work and probably wrong but it has been a good leading indicator in the past.

so gold taking a pounding and euro's reluctance to go higher would suggest we have dollar +ve data to come out today. but dollar +ve data isnt necessarily +ve for usa stocks and indices.

but the euro's reluctance to fall back would suggest that dollar -ve data maybe coming out later. which would be +ve for usa stocks and indices.

so in summary, i dont know and im not willing to commit either way yet. will wait to see which way the wind blows.