At the Close. I'll keep it on Gold shorts for now.

18:22CET

It's been a rather dull day in the FX arena, although we've seen some good USD selling across the board that have helped the situation stabilize quite a bit. EUR/USD has printed a 1.3150 high, along with the other majors spiking vs the USD. The only relative surprise has been Cable, who threatened the static 1.5650 support earlier on the day on very good PMI data, but then ran out of steam and it is trading well below the level at the moment.

For my own trading, I have 2 key positions at the moment: long EUR/GBP off sub-0.84 levels and Short Gold from $1,380. I believe these 2 are the best positions to be held for December -on a non-intraday basis, of course-. I believe that we have to wait a little bit to get again good technical levels to trade ourselves into when it comes to the majors, as we are more or less in no man's land at present.

I'm finishing the day with the usual long/short ratio on the retail side, which is very much meaningless at this point, with the 3 important majors hovering around parity, now above, now below it...I'm Tony Juste, thanks for watching my bit of space on the internet, presented by www.investors-europe.com offshore broker. I'll catch up with you again tomorrow. Follow my updates on Twitter if you want real-time tips.

Dec 1, 2010 18:20 GMT+0100

   1. USD/JPY
      75.41% 24.59%
   2. XAU/USD
      68.94% 31.06%
   3. USD/CHF
      68.10% 31.90%
   4. USD/CAD
      62.66% 37.34%
   5. AUD/USD
      52.54% 47.46%
   6. EUR/USD
      50.11% 49.89%
   7. GBP/USD
      49.84% 50.16%

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