Gold's advance hasn't disappointed, and $COT figures support the move. Biggest monthly upswing since August.

Those of you looking for a $AUDUSD reversal, does that look like long-interest is topping out as well?

#Euro short covering in 2nd week but it could potentially have a much longer way to go - contrast to fundamentals

As usual, the week's COT graphs. We'll start with the $USDollar spec interest which is trying to close a big gap.

A few people have been asking me about $EURUSD. This is the technical picture I have. Fundamentally: euro's a mess

Here's the chart of progress from $GBPUSD. Taking the transition in trend in steps.

And, not to be left behind, the comm bloc trinity offers the inverse for $USDCAD.

Not surprising, highly correlated $NZDUSD offers the same view though the channel break is younger.

Looks like a pretty clear channel break and first step to trend reversal to me for $AUDUSD.

This is the chart I have up to judge whether the $AUDUSD channel will hold or reverse. What do you think?

Curious to know how much money the Greek, Irish and Portuguese banking systems has in deposits in ? Wonder no more:

$EURUSD and GBPUSD have yet to close that gap that opened up yesterday. Intraday correlation is still wonky.

How do you think this will end? Established descending channel versus tentative double low at 0.9920 for $USDCAD.

This is what I'm looking at for $EURGBP. Daily chart offering up - what else - an inverse H&S.

A three-day advance has moved US Oil back to the top the descending trend channel (at 100) it has carved for 2012

Updated activity level gauge for the S&P 500. Implied and actual volatility continue to tumble.

I've been following the AUDUSD and NZDUSD channels more closely but it seems the $USDCAD would be quicker to react

That means, the $EURUSD is the abnormal factor here. Indeed. Look at that Euro / Risk separation.

This narrows down the responsibility for the EURUSD / GBPUSD deviation. $GBPUSD syncing up well to the S&P 500...

Here's an intraday chart so you can get a sense of just how significant this $EURUSD / GBPUSD deviation today is.