Good analysis. What the world needs right now is decisive, positive action, not sitting on your hands. We're talking about potentially a 25 bp rise in rates (which is 3/5ths of 4/8ths of f**k all) but it would put down a marker to say the the Fed is ...

Why the Fed Is Wishy-Washy

This is Q2 data, so it dates from before the meltdown...but I still don't believe it.

Greek GDP Q2: 0.8% (est -0.5%), (YoY) 1.5% (est -0.6%)

Close down the banking system, introduce capital controls, strangle business... and see a growth of GDP. New economic theory Genius.

Greek GDP Q2: 0.8% (est -0.5%), (YoY) 1.5% (est -0.6%)

That's hilarious. I also believe in Santa Claus, the tooth fairy and that Elvis Presley is still alive.

Greek GDP Q2: 0.8% (est -0.5%), (YoY) 1.5% (est -0.6%)

But the market has already decided that it's a done deal, €/$ over 1.12 and powering into the sunset. Irrational market? Or do they know it's a political decision and there is no way back?

DAX Crashes After Germany Warns Greek Bailout "Insufficient"

A new record...3 comments before we go full Godwin. Impressive.

Exit from EU would damage Britain and Europe, says Axa chairman

I don't think we'll see much action until non-farm payroll tomorrow. If it beats expectations we'll see some really big moves because it will pretty much confirm a September rate rise...

US Unemployment Insurance Weekly Claims

The market spiked up yesterday on some non-news and today it's settled back down to practically the same level; cable, €/$ and even €/JPY. A bit of stop hunting and Forex.com react like it's a major change in market direction...that was my point TP ...

BOE = (B)reak (O)ut (E)vent for GBPUSD

Good call...it started to turn as soon as you wrote it Down under 1.56 now. Keep up the good work.

BOE = (B)reak (O)ut (E)vent for GBPUSD