USD - PROGRESS ON BEGGARING THY NEIGHBORS SLOWS

uup usd / daily

had hoped for much lower usd levels going into nonfarms.

while technicals still favor more downside next week, that snb intervention was so well timed that its unfortunately caused major indecision in fx. the move imo, prompted by worry that chf has now, because of new banking transparency rules, lost much of it's safe haven status and become just another 'good time charlie' currency. ah but the swiss, being all about finance and much too export and travel destination oriented to give a rat's ass about the phony prestige of a high valuation currency, have let it be known through this early show of force that they'll tolerate nothing more than approximate parity with the greenback. *clap.... clap.... clap*



5:29pm: edited once again for the usual