At the Close.Thanksgiving sleep.

17:55CET

A non-market today that served the EUR to gain vs the USD close to 1.34, profiting from non-existent volatility and even so less liquidity. The unit looks now better than yesterday, but selling strength into the 1.34's looks like a good strategy to me. USD/CHF ran above 1.0 again, but the bearish technical signals paid off and our short strategy for the day paid decent pips despite the tight ranges. Very little less that I can add at this point, as I have no real interest in GBP or AUD at these levels, and USD/JPY is above a magnet line when it should be below, so nothing interesting happening there as well. A point to note, EUR/JPY is trading @ 111.80 after the capitulation 2 days ago, and I feel we will see the 112 mark soon again.

Before calling it a day, please find below the long/short retail ratio @ brokerages. Note that EUR longs keep increasing, which should put more pressure on the unit rather soon again. I'm Tony Juste, thanks for watching my blog, sponsored by www.investors-europe.com.

Nov 25, 2010 17:40 GMT+0100

   1. USD/JPY
      74.10% 25.90%
   2. XAU/USD
      71.28% 28.72%
   3. USD/CHF
      68.90% 31.10%
   4. USD/CAD
      66.70% 33.30%
   5. EUR/USD
      53.01% 46.99%
   6. AUD/USD
      49.75% 50.25%
   7. GBP/USD
      47.56% 52.44%

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