I made a quick 95pips on a GPB/JPY short today,but my Gold and EUR/USD positions are still way in the red..

After the NFP and Unemployment Rate are now priced in and the Euro showed some strenght after the first sell-off on those news, I added another EUR/USD position.

The longtermtrend is UP and the Cost of bailing out the US Financial System will drive the Euro much higher soon .(in my humble Oppinion!)

I also search for Options to add to my Gold positions..but this could need some more time.

Have a great weekend!

via Cryptogon/Reuters

Check out the chart, if you dare.

Banks borrowed a record amount of funds from the Federal Reserve in the latest week as the year old credit crisis took a persistent toll, while the commercial paper market continued to contract, signaling tough conditions for short term borrowers.

Banks’ primary credit borrowings averaged $17.45 billion per day in the latest week, the second straight week this had hit a record and up from $16.38 billion the previous week, Fed data showed on Thursday.

“It shows there’s a shortage of liquidity in the system,” said Christopher Low, chief economist at FTN Financial in New York.

Secondary credit the Fed extended, which is usually taken out by banks in need of emergency cash, rose to $89 million in the latest week, from $34 million the week before. Although these numbers are still very small compared with primary credit, “What that tells you is that there’s an increasing number of banks that the Fed is classifying as ‘unsound’ or inadequately capitalized,” Low said.

Analysts may watch the trend of secondary credit closely, given the travails of U.S. regional and smaller banks and the likelihood that a continued decline in house prices and rise in foreclosures and bad loans will deepen the difficulties of the banking sector for many months or years.