USD(DX)_  The prospect of the FED raising interest rates will make the dollar more attractive vis a vis other currencies.

Weekly  – Big bullish volume this last week. Pushed thru the extended 2011 extended target of 99.71. The long cycle from 2006 projects a 105.30 target. Trade pressures are up , but showing some divergences. Volume, while very high, is looking toppy.

Daily – 101.81 is the next target up. Trade pressures are up. Volume is bullish from last weeks bearish.

Will need a close below 99.24 to signal lower.

30yr TBONDS_  waiting for “Patient”.

Weekly – the 166-30 target has stopped the up-move and the trade down thru the short entry at 162-18 has met the first target at 154-22. Trade pressures are positive but trending down. Volume is bearish ofr these last two weeks.

Daily – in the retracement trade up after meeting the first target down. Trade pressures are up. Volume is bullish. The next target up is 162-29.

a new short leg would start with a close below 157-26.

EURO Futures_ the inverse of the USD. As the QE progresses, the expectation that parity with the dollar is a goal of the ECB rise.

Weekly – the consolidation around the 1.114 target gave way to a new leg down. The 1.0428 target is almost met. Trade pressures are down but very extended. Volume is bearish for three weeks.

Daily – in the move down from 1.1182. Trade pressures are down and extended. Volume is bearish. Went thru the 1.0605 with no effort. The next target down is 1.0027.

Need a close above 1.0765 for a new long entry