I want to give the bulls, including myself, a warning, EUR/USD has been negative or flat for most of today. This indicates that the euro bond crisis will very likely to start to simmer again next week ...
If you want to get on the bull wagon, there may be a better time next week than today or Friday.
China will use "quantitative and price tools" in an attempt to tighten liquidity and cool inflation. This quantitative tightening, or QT, shows how seriously the Chinese are taking the inflationary threat.