The markets are calm as far as I am concerned!

German IFO Index numbers @ 97.5 vs 100.2 expected.

UK June Retail Sales -3.9% vs -2.5% expected.

“LONDON (Thomson Financial) - Retail sales in the UK plunged in June by their biggest amount since records began in 1986, but inflationary pressures, particularly within food, continue to mount, official figures showed today.The office for National Statistics said retail sales in June dropped by 3.9 percent, more than reversing the upwardly-adjusted 3.6 percent increase recorded for May.”

And New Zealand unexpectedly cut their Interest Rates down to 8% last night. But i closed my shorts there already..

My Open Positions are heavily in the red AND I prepared a plan to hedge them  (Gold and EUR/USD)..but as I am an Dollar bear for years I am very sure the longtermtrend will help me out of this “little” hole..I am waiting for the weekend before deciding any further..