http://www.fxstreet.com/technical/analysis-reports/the-forex-technical-report/http://www.fxstreet.com/technical/http://mediaserver.fxstreet.com/images/fxstreet-provider-logo1-en.gif7http://www.fxstreet.com/technical/analysis-reports/the-forex-technical-report/2009-11-21.htmlInvestors continued to dump higher risk assets today triggering weekly closing price reversal tops in the December E-mini S&P 500 and the December E-mini NASDAQ.  A follow-through break to the downside in both of these markets next week will confirm the reversal top and lead to the start of a 2 to 3 week break.    The trend may turn down on the daily chart, but the weekly charts still indicate that the main uptrend is still intact.  A break though 1026.00 will turn theSat, 21 Nov 2009 00:02:45 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexhound.com (ForexHound.com)http://www.fxstreet.com/technical/analysis-reports/the-forex-technical-report/2009-11-21.htmlhttp://www.fxstreet.com/technical/analysis-reports/the-forex-technical-report/2009-11-20.v06.htmlAfter reaching a 15 month low early in the week, the U.S. Dollar closed higher for the week against a trade-weighted basket of currencies.  Technically, this closing price reversal, once confirmed, often leads to a 2 to 3 week retracement.  The daily chart suggests that a move through 77.50 is necessary to turn the main trend to up.   The low for the week for the Dollar was posted shortly after Fed Chairman Bernanke mentioned his concern for the Dollar in a speech. Fri, 20 Nov 2009 23:59:36 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexhound.com (ForexHound.com)http://www.fxstreet.com/technical/analysis-reports/the-forex-technical-report/2009-11-20.v06.htmlhttp://www.fxstreet.com/technical/analysis-reports/the-forex-technical-report/2009-11-20.v05.htmlThe U.S. Dollar is up sharply against most major currency as investors continue to cut exposure to higher risk and higher yielding assets. Some traders are calling this the start of a major bottom. Others feel that this is end-of-the-year liquidation and profit-taking after a prolonged move down. It is also possible that this is the start of a short-squeeze which could lead to a massive short-covering rally. Over the past few months traders have jumped onboard the “short Dollar” train becauseFri, 20 Nov 2009 19:38:46 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexhound.com (ForexHound.com)http://www.fxstreet.com/technical/analysis-reports/the-forex-technical-report/2009-11-20.v05.htmlhttp://www.fxstreet.com/technical/analysis-reports/the-forex-technical-report/2009-11-20.v04.htmlThe stronger Dollar is pressuring equity and commodity prices today. Some traders believe this is the start of a change in trend in higher risk markets while other feel this is just early end-of-the-year liquidation. Comments from Fed Chairman Bernanke and European Central Bank President Trichet have put the Dollar on the radar which is making traders uncomfortable about holding aggressive short-positions. The three major stock indices are in a position to post weekly reversal tops. This couldFri, 20 Nov 2009 19:37:11 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexhound.com (ForexHound.com)http://www.fxstreet.com/technical/analysis-reports/the-forex-technical-report/2009-11-20.v04.htmlhttp://www.fxstreet.com/technical/analysis-reports/the-forex-technical-report/2009-11-20.v03.htmlThe stronger Dollar is putting pressure this morning on both equity and commodity markets as traders dump risky assets for the safe-haven Dollar.  Equity markets were down in Asia and Europe.  This weaker trend is expected to spillover to the U.S. stock markets.  The December E-mini S&P 500 is in a position to post a weekly closing price reversal which could be a strong sign that sentiment will be shifting to the downside for the next 2 to 3 weeks.Fri, 20 Nov 2009 14:23:32 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexhound.com (ForexHound.com)http://www.fxstreet.com/technical/analysis-reports/the-forex-technical-report/2009-11-20.v03.htmlhttp://www.fxstreet.com/technical/analysis-reports/the-forex-technical-report/2009-11-20.v02.htmlLower global equity markets are helping to push the U.S. Dollar higher as investors shun risky assets for a second consecutive day.  Traders began getting nervous earlier in the week after Fed Chairman Bernanke mentioned the level of the Dollar in a speech.  This was followed by supportive comments from European Central Bank President Trichet who used a speaking opportunity to announce his agreement with Bernanke and to try to talk up the Dollar.Fri, 20 Nov 2009 14:21:52 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexhound.com (ForexHound.com)http://www.fxstreet.com/technical/analysis-reports/the-forex-technical-report/2009-11-20.v02.htmlhttp://www.fxstreet.com/technical/analysis-reports/the-forex-technical-report/2009-11-20.htmlU.S. equity markets followed the lead of lower Asian and European markets today and sold off sharply from the get-go.  U.S. investors are concerned that the weak condition of the economy cannot support stock prices at such lofty levels.  Some investors say that the current break is setting up another buying opportunity.  The bears will be watching Friday’s close for indications of a reversal top.  This could lead to the start of a 2 to 3 week correction.  Some bullsFri, 20 Nov 2009 00:19:32 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexhound.com (ForexHound.com)http://www.fxstreet.com/technical/analysis-reports/the-forex-technical-report/2009-11-20.htmlhttp://www.fxstreet.com/technical/analysis-reports/the-forex-technical-report/2009-11-19.v10.htmlThe U.S. Dollar posted a strong gain versus major currencies on Thursday as investors pulled money out of higher risk assets and sought refuge in the safer Greenback.  Recent weak U.S. economic data is making traders think twice about buying riskier stocks and commodities at the current lofty levels.   The EUR USD traded sharply lower early in the trading session but managed to erase more than half of the loss by the close.  Traders have been sensitive to recent comments fromThu, 19 Nov 2009 23:38:22 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexhound.com (ForexHound.com)http://www.fxstreet.com/technical/analysis-reports/the-forex-technical-report/2009-11-19.v10.htmlhttp://www.fxstreet.com/technical/analysis-reports/the-forex-technical-report/2009-11-19.v07.htmlThu, 19 Nov 2009 18:43:34 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexhound.com (ForexHound.com)http://www.fxstreet.com/technical/analysis-reports/the-forex-technical-report/2009-11-19.v07.htmlhttp://www.fxstreet.com/technical/analysis-reports/the-forex-technical-report/2009-11-19.v06.htmlThe U.S. Dollar is trading higher against most major currencies this morning with the exception of the Japanese. Easing in equity, gold and crude oil prices is sending a signal to traders to lighten up positions and book profits after the recent decline in the Dollar. The inability to accelerate the Dollar to the downside is also contributing to the rally. Shorts seem to have pulled offers after the down side momentum stated to flatten out. The EUR USD failed to take out $1.5000 which came as aThu, 19 Nov 2009 18:42:44 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexhound.com (ForexHound.com)http://www.fxstreet.com/technical/analysis-reports/the-forex-technical-report/2009-11-19.v06.htmlhttp://www.fxstreet.com/technical/analysis-reports/the-forex-technical-report/2009-11-19.v04.htmlThe strengthening Dollar is leading to a sell-off in equity, oil and gold markets this morning as investors are leaving higher risk assets for the safety of the Greenback and U.S. Treasuries.    Equity prices are falling across the board in Asia, Europe and the U.S. as global investors are cashing in positions after stocks failed to accelerate to the upside on the prospect of lower interest rates and a weaker Dollar.  Concerns about the strength of the global economy have beenThu, 19 Nov 2009 14:43:03 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexhound.com (ForexHound.com)http://www.fxstreet.com/technical/analysis-reports/the-forex-technical-report/2009-11-19.v04.htmlhttp://www.fxstreet.com/technical/analysis-reports/the-forex-technical-report/2009-11-19.v03.htmlThe U.S. Dollar is trading higher against most major currencies this morning with the exception of the Japanese.  Easing in equity, gold and crude oil prices is sending a signal to traders to lighten up positions and book profits after the recent decline in the Dollar.  The inability to accelerate the Dollar to the downside is also contributing to the rally.  Shorts seem to have pulled offers after the down side momentum stated to flatten out.    The EUR USD failed toThu, 19 Nov 2009 14:41:35 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexhound.com (ForexHound.com)http://www.fxstreet.com/technical/analysis-reports/the-forex-technical-report/2009-11-19.v03.htmlhttp://www.fxstreet.com/technical/analysis-reports/the-forex-technical-report/2009-11-19.v02.htmlDespite the weakness in the Dollar today, U.S. Equity markets could not get on track for a rally because of a bad housing starts report. This morning’s decline in U.S. Housing Starts capped gains throughout the day although the markets were able to eke out a slightly better close. Traders are beginning to question stock valuations given the current weak state of the economy.   Treasury futures traded lower throughout the session despite the weak housing starts report. Today the U.S. alsoThu, 19 Nov 2009 00:13:00 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexhound.com (ForexHound.com)http://www.fxstreet.com/technical/analysis-reports/the-forex-technical-report/2009-11-19.v02.htmlhttp://www.fxstreet.com/technical/analysis-reports/the-forex-technical-report/2009-11-19.htmlThe EUR USD posted a sizable gain.  Tuesday's supportive comments from European Central Bank President Trichet were not enough to stop the Dollar’s slide today. Matters weren’t helped after Luxembourg premier Jean-Claude Juncker said that the Euro’s rally hasn’t hurt the Euro Zone recovery.  This comment gave traders the green light to drive the currency higher. If upside momentum continues at the current pace, we could see a test of 1.5063 tomorrow.   The GBP USD traded lowerThu, 19 Nov 2009 00:11:34 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexhound.com (ForexHound.com)http://www.fxstreet.com/technical/analysis-reports/the-forex-technical-report/2009-11-19.htmlhttp://www.fxstreet.com/technical/analysis-reports/the-forex-technical-report/2009-11-18.v04.htmlThis morning’s decline in U.S. Housing Starts is weighing on U.S. equity markets at the mid-session. Traders are beginning to question stock valuations given the current weak state of the economy. A break through 1100.00 in the December E-mini S&P 500 could trigger a massive break late in the session. Treasury futures are trading surprisingly lower given the weak housing number and the lower stock market. Today the U.S. reported that the Core CPI rose. This could be putting fear in tradersWed, 18 Nov 2009 17:55:42 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexhound.com (ForexHound.com)http://www.fxstreet.com/technical/analysis-reports/the-forex-technical-report/2009-11-18.v04.htmlhttp://www.fxstreet.com/technical/analysis-reports/the-forex-technical-report/2009-11-18.v03.htmlAt the mid-session, the EUR USD is posting a large gain. Yesterday’s supportive comments from European Central Bank President Trichet were not enough to stop the Dollar’s slide. Matters weren’t helped after Luxembourg premier Jean-Claude Juncker said that the Euro’s rally hasn’t hurt the Euro Zone recovery. This comment gave traders the green light to drive the currency higher. The GBP USD is trading lower at the mid-session. This is either being triggered by a negative reaction to the Bank ofWed, 18 Nov 2009 17:43:54 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexhound.com (ForexHound.com)http://www.fxstreet.com/technical/analysis-reports/the-forex-technical-report/2009-11-18.v03.htmlhttp://www.fxstreet.com/technical/analysis-reports/the-forex-technical-report/2009-11-18.v02.htmlU.S. Equity futures are trading sideways to lower after an attempt to reach a new high for the week overnight failed.  December E-mini S&P 500 futures made a high this week at 1112.00.  A breakout above this level could trigger a sharp rally to a major 50% price at 1122.00.  The weaker Dollar is expected to provide some support for higher yielding assets.  Contrarian traders will be watching to see if there is a divergence from this trading pattern.  This willWed, 18 Nov 2009 14:02:33 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexhound.com (ForexHound.com)http://www.fxstreet.com/technical/analysis-reports/the-forex-technical-report/2009-11-18.v02.htmlhttp://www.fxstreet.com/technical/analysis-reports/the-forex-technical-report/2009-11-18.htmlThe U.S. Dollar is trading lower against all majors as overnight rallies in the stock indices and gold are once again pulling the Dollar lower and signaling renewed demand for higher risk assets.   Even European Central Bank President Trichet couldn’t prolong the rally in the Dollar.  Yesterday he expressed support with Fed Chairman Bernanke in supporting the Dollar.  His comments triggered a short-covering rally which could not be sustained overnight.  ECB memberWed, 18 Nov 2009 14:01:12 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexhound.com (ForexHound.com)http://www.fxstreet.com/technical/analysis-reports/the-forex-technical-report/2009-11-18.htmlhttp://www.fxstreet.com/technical/analysis-reports/the-forex-technical-report/2009-11-17.v06.htmlStock Index futures eked out a small gain in a choppy, two-sided traded.  The stronger Dollar was the driving force behind much of the early selling pressure.  The inability to break the Dollar in the afternoon triggered an intra-day short-covering rally in the equity markets into the close.  Conditions are close to being overbought which could mean that a pull-back may be in the offing.  Traders are also beginning to question whether the stock market is too far ahead ofTue, 17 Nov 2009 23:37:00 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexhound.com (ForexHound.com)http://www.fxstreet.com/technical/analysis-reports/the-forex-technical-report/2009-11-17.v06.htmlhttp://www.fxstreet.com/technical/analysis-reports/the-forex-technical-report/2009-11-17.v05.htmlThe U.S. Dollar managed to close higher today despite late session attempts in New York to erase earlier gains.  This is strong evidence that most of today’s rally was due to short-covering rather than fresh buying.  Comments from ECB President Trichet were supposed to show support for Bernanke’s comments from yesterday, but actually helped ignite the rally in the Dollar.  Technically, the Dollar is oversold on the daily chart.  This is another reason for today’s up move.Tue, 17 Nov 2009 23:35:53 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexhound.com (ForexHound.com)http://www.fxstreet.com/technical/analysis-reports/the-forex-technical-report/2009-11-17.v05.htmlhttp://www.fxstreet.com/technical/analysis-reports/the-forex-technical-report/2009-11-17.v04.htmlThe EUR USD is trading sharply lower at the mid-session after European Central Bank President Trichet talked up the Dollar. Once again it looks like the Euro is failing slightly above the $1.5000 area. The high for the year at 1.5063 in October has repelled all recent attempts to break this level. Traders seem fearful that the ECB may take stronger action other than verbal intervention to force the Euro lower. The GBP USD is trading under pressure at the mid-session. Yesterday’s rally wasTue, 17 Nov 2009 17:39:32 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexhound.com (ForexHound.com)http://www.fxstreet.com/technical/analysis-reports/the-forex-technical-report/2009-11-17.v04.htmlhttp://www.fxstreet.com/technical/analysis-reports/the-forex-technical-report/2009-11-17.v03.html  Equity markets are trading a little weaker at the mid-session. Investor demand for higher risk assets is down today which is leading to the weakness. Traders are also beginning to question the valuation of equities at current levels given the state of the economy. Technically, the three main indices may have all hit overbought levels. So far there is no indication of a change in trend, but a correction seems likely. This morning December E-mini S&P briefly touched 1100.00 andTue, 17 Nov 2009 17:10:13 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexhound.com (ForexHound.com)http://www.fxstreet.com/technical/analysis-reports/the-forex-technical-report/2009-11-17.v03.htmlhttp://www.fxstreet.com/technical/analysis-reports/the-forex-technical-report/2009-11-17.v02.htmlEquity markets are trading a little weaker on the opening.  Yesterday this market stalled after an early morning surge and sold off into the close. Negative comments from analyst Meredith Whitney are said to have been the catalyst for the break as investors took a little money off the table after the recent rally.  Traders continue to question valuation in this market, but as long as the Dollar remains low, have no strong reason not to buy stocks.   Treasury futures surged toTue, 17 Nov 2009 14:10:45 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexhound.com (ForexHound.com)http://www.fxstreet.com/technical/analysis-reports/the-forex-technical-report/2009-11-17.v02.htmlhttp://www.fxstreet.com/technical/analysis-reports/the-forex-technical-report/2009-11-17.htmlThe U.S. Dollar is trading higher overnight based on oversold technical conditions.  Yesterday’s comments from Fed Chairman Bernanke regarding the Dollar may also be triggering a short-covering rally as well a position-lightening.  The overnight action has not been sufficient enough to call for a change in trend.   Yesterday, Bernanke expressed concern for the Dollar, which was a surprise to some since the Fed Chairman rarely talks about the U.S. currency.  In his speech,Tue, 17 Nov 2009 14:09:05 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexhound.com (ForexHound.com)http://www.fxstreet.com/technical/analysis-reports/the-forex-technical-report/2009-11-17.htmlhttp://www.fxstreet.com/technical/analysis-reports/the-forex-technical-report/2009-11-16.v08.htmlStock markets surged on Monday after the U.S. Dollar Index fell to a new low for the year.  With the Dollar losing its appeal as a safe haven currency because of falling interest rates and deepening debt, investors have no choice but to sell the Dollar and seek better returns elsewhere.    Treasury markets rallied sharply higher after a downward revision in September Retail Sales.  This news helped put in a bottom and generate a quick rally to the upside, but it wasMon, 16 Nov 2009 23:29:59 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexhound.com (ForexHound.com)http://www.fxstreet.com/technical/analysis-reports/the-forex-technical-report/2009-11-16.v08.htmlhttp://www.fxstreet.com/technical/analysis-reports/the-forex-technical-report/2009-11-16.v07.htmlThe U.S. Dollar finished lower against all-major currencies today.  The down move was triggered by comments from highly ranking individuals including Fed Chairman Bernanke and a Chinese banking official.   Federal Reserve Chairman Bernanke said late Monday morning that the Fed is likely to keep interest rates exceptionally low for “an extended period.” These three words helped push the Dollar to a new low for the trading session.  He also stated that he is aware of the value ofMon, 16 Nov 2009 23:28:40 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexhound.com (ForexHound.com)http://www.fxstreet.com/technical/analysis-reports/the-forex-technical-report/2009-11-16.v07.htmlhttp://www.fxstreet.com/technical/analysis-reports/the-forex-technical-report/2009-11-16.v06.htmlFederal Reserve Chairman Bernanke said late this morning that the Fed is likely to keep interest rates exceptionally low for “an extended period.” These three words helped December Treasury Bonds surge to the upside. Early support and upward movement was triggered by a revision in U.S. retail sales in September. Bernanke also commented on the Dollar which came as a surprise since the Dollar is the concern of the Treasury. He expressed some concerns that a lower Dollar may attempt to derail theMon, 16 Nov 2009 18:52:34 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexhound.com (ForexHound.com)http://www.fxstreet.com/technical/analysis-reports/the-forex-technical-report/2009-11-16.v06.htmlhttp://www.fxstreet.com/technical/analysis-reports/the-forex-technical-report/2009-11-16.v05.htmlThe U.S. Dollar continues to feel downside pressure from APEC comments at the mid-session. Earlier the group of Asian-Pacific nations pledged to maintain stimulus until there’s signs of “durable growth”. This served as a sign that liquidity in the global markets will continue until strong economic trends can develop. Excess liquidity reduces the Dollar’s allure as a safe haven currency and increased demand for higher yielding assets. APEC leaders also challenged President Obama who is facing aMon, 16 Nov 2009 18:35:55 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexhound.com (ForexHound.com)http://www.fxstreet.com/technical/analysis-reports/the-forex-technical-report/2009-11-16.v05.htmlhttp://www.fxstreet.com/technical/analysis-reports/the-forex-technical-report/2009-11-16.v03.htmlEquity traders will be watching retail stocks today following the U.S. Retail Sales Report.  The driving force in this market is still the weaker Dollar.  As long as global interest rates remain historically low, look for U.S. equity markets to continue to rise.  Economic and earnings reports could help to produce volatile swings in the markets but should not be enough to change the trend to down at this time.   Interest rate futures could see pressure today as TreasuryMon, 16 Nov 2009 13:19:49 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexhound.com (ForexHound.com)http://www.fxstreet.com/technical/analysis-reports/the-forex-technical-report/2009-11-16.v03.htmlhttp://www.fxstreet.com/technical/analysis-reports/the-forex-technical-report/2009-11-16.v02.htmlThe U.S. Dollar is trading mostly weaker this morning following the decision by Asian-Pacific nations to maintain stimulus until the global economy shows “durable” growth.  The pledge to continue the commitment toward liquidity has reduced the attraction of holding the U.S. Dollar.   The Asian-Pacific Economic Cooperation members failed to address currency issues but did say that it wants to see nations “refrain from raising new barriers” to investment and trade activity.  Mon, 16 Nov 2009 13:17:36 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexhound.com (ForexHound.com)http://www.fxstreet.com/technical/analysis-reports/the-forex-technical-report/2009-11-16.v02.htmlhttp://www.fxstreet.com/technical/analysis-reports/the-forex-technical-report/2009-11-12.v02.htmlStock index futures closed higher but weakened late in the session after soaring in the morning.  Yesterday’s quick surge early in the trading session put them into overbought territory, giving investors an excuse to take profits.  Throughout this entire rally since March, traders have not been too fond of chasing markets higher, so a correction from current levels will not be unusual.  Short-term, this market should continue to move higher as long as the Fed keeps interestThu, 12 Nov 2009 09:35:36 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexhound.com (ForexHound.com)http://www.fxstreet.com/technical/analysis-reports/the-forex-technical-report/2009-11-12.v02.htmlhttp://www.fxstreet.com/technical/analysis-reports/the-forex-technical-report/2009-11-12.htmlThe break in the equity markets contributed to late session profit-taking in the AUD USD and NZD USD after strong rallies the past three days.  Early Wednesday morning China reported that factory output increased but imports and exports fell.  This may have contributed to the weakness as both New Zealand and Australia are major trading partners.  News that Australian unemployment came out just like economists forecast is helping to aid the rally in the Aussie this morning.Thu, 12 Nov 2009 09:34:06 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexhound.com (ForexHound.com)http://www.fxstreet.com/technical/analysis-reports/the-forex-technical-report/2009-11-12.htmlhttp://www.fxstreet.com/technical/analysis-reports/the-forex-technical-report/2009-11-11.v03.htmlThe lack of economic reports today is shifting the focus by U.S. equity traders to the U.S. Dollar.  The prospect of the Fed keeping interest rates low for a “prolonged period” of time is helping to boost stock prices overnight as investors continue to treat the Dollar as a carry currency.  Because of the recent Fed FOMC decision to keep interest rates historically low, bullish equity traders have a 30-day free ride.  In other words, there is nothing in the economic picture inWed, 11 Nov 2009 13:56:36 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexhound.com (ForexHound.com)http://www.fxstreet.com/technical/analysis-reports/the-forex-technical-report/2009-11-11.v03.htmlhttp://www.fxstreet.com/technical/analysis-reports/the-forex-technical-report/2009-11-11.v02.htmlThe U.S. Dollar hit a 15-month low against a basket of currencies last night on the prospect the Fed will keep interest rates at low levels for a prolonged period of time.  This assumption is based on last week’s Fed FOMC statement and recent comments from a Fed official suggesting that unemployment is the major concern.  This serves as a hint that the Fed is not likely to begin hiking rates until the U.S. jobs issue begins to post a recovery. The Dollar is trading weaker on thisWed, 11 Nov 2009 09:17:57 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexhound.com (ForexHound.com)http://www.fxstreet.com/technical/analysis-reports/the-forex-technical-report/2009-11-11.v02.htmlhttp://www.fxstreet.com/technical/analysis-reports/the-forex-technical-report/2009-11-10.v04.htmlThe U.S. Dollar is trading slightly better this morning versus most major currencies after the bashing yesterday sent the trade weighted Dollar index to a 15 month low.  Short-term indicators are oversold which could lead to a short-covering rally today.    Yesterday the Dollar was under pressure because over the weekend the Group of 20 decided not to issue a supportive statement and instead agreed to support continued economic stimulus. This led to a move by investors intoTue, 10 Nov 2009 13:30:50 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexhound.com (ForexHound.com)http://www.fxstreet.com/technical/analysis-reports/the-forex-technical-report/2009-11-10.v04.htmlhttp://www.fxstreet.com/technical/analysis-reports/the-forex-technical-report/2009-11-10.v03.htmlThe GBP USD is trading weaker this morning. Investors are concerned about bearish comments from a Fitch Ratings service official in Reuters regarding the U.K.’s credit status. In an interview, Fitch executive David Riley said that the U.K. has the highest risk of major economies of losing its AAA status.  This could lead to increased credit risk and higher borrowing costs.   The U.S. Dollar is trading slightly better this morning versus most major currencies after the bashingTue, 10 Nov 2009 13:30:02 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexhound.com (ForexHound.com)http://www.fxstreet.com/technical/analysis-reports/the-forex-technical-report/2009-11-10.v03.htmlhttp://www.fxstreet.com/technical/analysis-reports/the-forex-technical-report/2009-11-10.v02.htmlDemand for higher risk assets helped to trigger a strong rally in U.S. stock markets.  The December E-mini Dow contract took out the October high at 10068 and made a new high for the year. The December E-mini NASDAQ and S&P 500 closed within striking distance of their highs for the year. The action by the Fed last week combined with bearish unemployment report is expected to keep pressure on interest rates which is helping investors build confidence in the long side of the marketTue, 10 Nov 2009 06:22:42 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexhound.com (ForexHound.com)http://www.fxstreet.com/technical/analysis-reports/the-forex-technical-report/2009-11-10.v02.htmlhttp://www.fxstreet.com/technical/analysis-reports/the-forex-technical-report/2009-11-10.htmlThe U.S. Dollar Index reached a 15 month low on Monday following a massive sell-off against most major currencies.  The Dollar has gone down since November 3 when it topped at a 50% price at 77.50.  The 2008 bottoms at 73.79 and 73.67 are the next downside targets.   The U.S. Dollar was trounced on Monday after the G-20 finance ministers failed to discuss the value of the Dollar at their week-end meeting, thereby, effectively offering no support.  In addition, they decidedTue, 10 Nov 2009 06:21:14 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexhound.com (ForexHound.com)http://www.fxstreet.com/technical/analysis-reports/the-forex-technical-report/2009-11-10.htmlhttp://www.fxstreet.com/technical/analysis-reports/the-forex-technical-report/2009-11-09.v04.htmlThe weaker Dollar is triggering a huge rally in U.S. equity markets at the mid-session as aggressive investors seek higher yielding assets. Last week’s news that the Fed will leave rates unchanged for a “prolonged period” combined with the refusal by the G-20 to discuss the weaker Dollar and the IMF’s statement calling the Dollar overpriced is helping to ignite the rally. Treasury markets are trading flat to higher after earlier weakness. The first move was to the downside after traders soldMon, 09 Nov 2009 18:33:54 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexhound.com (ForexHound.com)http://www.fxstreet.com/technical/analysis-reports/the-forex-technical-report/2009-11-09.v04.htmlhttp://www.fxstreet.com/technical/analysis-reports/the-forex-technical-report/2009-11-09.v03.html  The U.S. Dollar continued to get pounded at the mid-session in a move that was triggered over the week-end when the G-20 finance ministers failed to discuss the weakness in the Dollar. In addition, the IMF issued a report basically saying the Dollar was overpriced versus Asian currencies especially the Chinese Yuan. The Euro broke through the psychological 1.50 barrier. Upside momentum could carry this market to the high for the year at 1.5063. Sentiment has shifted over the last coupleMon, 09 Nov 2009 18:13:22 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexhound.com (ForexHound.com)http://www.fxstreet.com/technical/analysis-reports/the-forex-technical-report/2009-11-09.v03.html