Liquidation

You are seeing liquidation in the commodities, especially silver and gold. That is igniting selling in crude oil and the rest of the commodity crew. Look at the AUDUSD, it is getting pounded today. The euro is not the risk currency in favor, it is the Australian dollar. I think the liquidation ends either today or tomorrow morning. The nonfarm payrolls has lower expectations after the weaker ADP numbers. I wouldn't be short here.