Everyone man and his dog is long risk and commodities and short...

Everyone man and his dog is long risk and commodities and short the USD therefore all the stops are located under the lows for these crosses and profits need to be captured. The news so far out of the US doesn't tell me it's all going great guns. We have NFP tonight and going off the ADP data it may dissappoint, however if it doesn't this may be the catalyst for a DXY bounce. If it doesn't suprise we will probably see a quick snap back to return of trend on risk, esp EUR IMO.

I think the USD is "due" for a bounce and with the end of QE2 we may see that start to occur toward the end of May start of June. Let's wait and see what the Fed says.

Either way there will be plenty of trading opportunities on the way up or down so I will just continue with concentrating on Price Action to tell me where we are going. Currently looking for a swing trade in short EUR/CAD. We'll see.

All good commentary - Thankyou everyone.