Major Swing Point Unfolding

The major pair 4-Hour Trend reads are all moving into Neutral mode- Heads Up traders, a swing change is coming. Detail will follow as the markets get underway this week, but it looks as though the moves could be big.

The last session of trade exploded with life, on the short side of equities, the short side of commodities, and the long side of the Usd after news broke that Goldman Sachs is being charged with fraudulent trading activity.

It is said that GS created synthetic collateralized debt obligations, sold them to pension funds and insurance companies, and then shorted them.

The U.K. and German governments have called for a probe of the company. To add to the negativity surrounding U.S. banking, and Euro-zone fiscal issues, news is breaking that Dubai World (remember December when that story broke and sent global stock markets lower?) is possibly having issues in regard to placing it forward debt obligations, even after it was thrown a lifeline in January.

In all, it adds up to a whole lot of reasons to start to bank equity trade that is at yearly highs on extremely light volume.
If the equity selling starts this week, and there is every reason to think that it will, the Usd will become empowered fundamentally, and will make a technical move higher off a support region that has been pivotal in trade over the last two years.

The question is, which pairs have best potential, and will commodities drop lower in-line with a Usd move up. There is plenty of potential, and we will post the answers as they start to unfold.

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