'11 outlook and weekly analysis

Overall USD buying favored this year.

Expecting one of these to become new carry...

$/Yen, looking for buying opportunities on support near double bottom near 80.25. Selling pressure probably near 82, looking for new clearer direction and vol gains. Initial $ gain vs. Yen signals HL and initial COT on weekly targeting 87-90 area on break reversal of 84.50 area. WAKE UP Mario!

XAU, Buy near new monthly CPP ~ 1400, ATR through the roof, could fall off to fib of '10. 38.2 is ~1290 and would fit with 1st quarter dollar strength.

Aus, looking for new monthly CPP support for carry entry. .99 is looking like a past weekly swing zone. New monthly pivot near parity?. Gold seems to be the leading canary, though the correlation is reactive.

Euro, sell on COT somewhere between 1.35 and 1.39

Cable, Sell ~ 1.5650, Support @ 1.5333

Scalps...

Aus, Sell ~ 1.03.

Euro, buy ~ 1.322

Watching diligently for...

-Shake-ups in the US FED creating $ and wallstreet volatility, risk adversion moves?

-Eurozone debt moves

... but resolved to take every bit of Market news with a grain of salt.