Day 15
Situation:
U.S. Markets: PAYROLL FRIDAY … THE numbers of the numbers … squeeze went on yesterday as market bets on weak data despite strong ADP numbers … and despite the Govt. proposal on the “mortgage freeze” is so far even less than hot air, market seems to be sure that FED will cut rates … interesting thing … WE TRADE LOWER than last time 
… so … question: how many times can the FED play this game? … short term fix … long term desaster?
Asian Markets: Markets following the U.S., but hesitating … Japan rallies on Q3 revision to the downside … assuring for some more time these by far TOO LOW rates … if one wants to see the impact of low rates … look at Japan … 
Commodities/Currencies : stable as payrolls loom …
Events: US … non farm payrolls, unemployment rate, hourly earnings, Michigan consumer confidence … Germany … industrial production
Ideas/Strategy: … Dax closed back up on the high … so we are close to the downtrend … can only be broken on “special” figures … so … waiting for the figures … and a possible 60min reversal … prefer the short side here … but waiting … if break successful … go with the flow …
supports: 7995 … 7960 … 7918 … 7880 … 7850
resists: 8024 … 8042(IMPORTANT!!!) … 8080 … 8130
Tags: daily outlook, FED, Japan, rates
