http://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/http://www.fxstreet.com/technical/http://mediaserver.fxstreet.com/images/fxstreet-provider-logo1-en.gif7http://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-11-20.htmlStocks and Currencies at Crossroad The dollar and yen advanced as risk aversion increased on Thursday. The overbought stock and commodity markets fell as investors unwound some carry trades. The Conference Board US leading economic indicators index rose less than expected; still, indicating a robust economic recovery. US initial jobless claims remained unchanged from the prior week while continuing claims declined. Increasing demand for dollar liquidity sent 2- year yields to a yearly low.Fri, 20 Nov 2009 01:51:17 GMThttp://www.fxstreet.com/technical/forex-strategy/trading@cmsfx.com (CMS Forex)http://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-11-20.htmlhttp://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-11-19.htmlSterling Falls on BOE Minutes The dollar traded mixed on Wednesday. The euro rose on speculation US interest rates will stay low even longer than earlier thought. St. Louis Fed President James Bullard stated that if history is any guide, the FOMC would not start raising rates until early 2012. US housing starts unexpectedly dropped and consumer-price inflation rose slightly more than expected. The S&P 500 slipped 0.52 to 1,109.80. The yen declined modestly for a second day. The unexpectedThu, 19 Nov 2009 01:23:35 GMThttp://www.fxstreet.com/technical/forex-strategy/trading@cmsfx.com (CMS Forex)http://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-11-19.htmlhttp://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-11-18.htmlUSD/CHF at Crossroad The dollar rose on Tuesday as risk sentiment dropped. Investors worried about the strength of the global economic recovery. The World Bank said the global recovery is fragile and government should not reduce fiscal stimulus yet. US industrial production rose less than expected and the month-on-month core PPI unexpectedly declined. The S&P 500 rose 1.02 to 1,110.32. The yen fell. Japan’s tertiary industry activity index unexpectedly decreased. The euro declined afterWed, 18 Nov 2009 01:30:12 GMThttp://www.fxstreet.com/technical/forex-strategy/trading@cmsfx.com (CMS Forex)http://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-11-18.htmlhttp://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-11-17.htmlDollar Falls as Stimulus Continues The dollar fell and stocks gained on Monday as risk sentiment improved. APEC leaders pledged to maintain economic stimulus and Fed Chairman Ben Bernanke said easy monetary policy will be maintained for the foreseeable future. US retail sales climbed more than expected and business inventories fell less than expected. The S&P 500 rose 15.82 to 1,109.30, the first close above 1,100 since October 2008. The yen gained after the Japanese economy grew more thanTue, 17 Nov 2009 01:31:00 GMThttp://www.fxstreet.com/technical/forex-strategy/trading@cmsfx.com (CMS Forex)http://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-11-17.htmlhttp://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-11-16.htmlForex Commentaries The dollar fell on Friday as risk sentiment and US stocks rose. US trade deficit widened more than anticipated on strong import growth and US consumer confidence unexpectedly fell. The S&P 500 rose 6.24 to 1,093.48. The yen was supported by yuan revaluation speculation. The euro rose on Q3 GDP data showing the eurozone economy had its first quarterly expansion since Q1 2008. Sterling was boosted by a planned merger of British Airways and Iberia. The Canadian dollarMon, 16 Nov 2009 02:21:30 GMThttp://www.fxstreet.com/technical/forex-strategy/trading@cmsfx.com (CMS Forex)http://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-11-16.htmlhttp://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-11-13.htmlAUD/USD Fails to Penetrate Resistance The dollar advanced on Thursday as risk aversion rose. US Treasury Secretary Timothy Geither said the US wants a strong dollar. China’s Prime Minister Wen Jiabao warned the global economic recovery will be uneven. US initial jobless claims fell a more-than-expected 12K to 502K, the lowest level since January 2009. The overbought S&P 500 fell 11.27 to 1,087.24. The dollar index reached a high of 75.77; there are support at the 75 handle and resistanceFri, 13 Nov 2009 01:09:29 GMThttp://www.fxstreet.com/technical/forex-strategy/trading@cmsfx.com (CMS Forex)http://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-11-13.htmlhttp://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-11-11.htmlEUR/USD at Important Resistance The dollar traded mixed on Tuesday as risk-prone currencies consolidated gains. The S&P 500 was little changed, losing just 0.07 points to 1,093.01. The dollar index was also little changed, hovering around the 75- handle support. The yen rose modestly. Fitch warned that Japan’s credit rating could be downgraded unless government borrowing would be kept in check. Sterling was pressured by Fitch’s strong warning that the UK’s credit rating is the most at riskWed, 11 Nov 2009 01:25:38 GMThttp://www.fxstreet.com/technical/forex-strategy/trading@cmsfx.com (CMS Forex)http://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-11-11.htmlhttp://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-11-10.htmlG-20 Signals Green Light to Sell Dollar The dollar plunged on Monday after G-20 finance ministers did not address the dollar slide and agreed to maintain the stimulus programs for the foreseeable future. UK Chancellor of the Exchequer Alistair Darling said the G-20 had decided to keep interest rates low and maintain record budget deficits until economic recoveries take hold. Separately, the International Monetary Fund said the US currency may still be overvalued. Dollar carry trades returnedTue, 10 Nov 2009 02:33:50 GMThttp://www.fxstreet.com/technical/forex-strategy/trading@cmsfx.com (CMS Forex)http://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-11-10.htmlhttp://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-11-09.htmlAussie Likely Moving Higher The dollar traded mixed on Friday after the US unemployment rate jumped to 10.2% in October and employment dropped a larger-than-expected 190K, raising doubts of the US recovery. The employment situation is indeed bad with unemployment at the highest level since 1983. The silver lining is that the previous two months’ payroll losses were revised lower and the payroll losses are slowing. More importantly, the employment situation is clearly a lagging indicator andMon, 09 Nov 2009 01:40:42 GMThttp://www.fxstreet.com/technical/forex-strategy/trading@cmsfx.com (CMS Forex)http://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-11-09.htmlhttp://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-11-06.htmlDollar Mixed as Stocks Rally The dollar traded mixed ahead of Friday’s release of US payroll data. US productivity surged for a second quarter and jobless claims declined more than expected. The S&P 500 rose 20.13 to 1,066.63, supported by those good economic news and an optimistic outlook from the technology giant Cisco. The stock market rally did not pressure the dollar and yen as it had been the case lately. It will be interesting to see if this is the beginning of the breakdown of theFri, 06 Nov 2009 01:18:25 GMThttp://www.fxstreet.com/technical/forex-strategy/trading@cmsfx.com (CMS Forex)http://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-11-06.htmlhttp://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-11-05.htmlDollar Falls as Fed Keeps Loose Monetary Stance The dollar fell on Wednesday as the Federal Open Market Committee reiterated that US economic conditions “are likely to warrant exceptionally low levels of the federal funds rate for an extended period.” The FOMC also said inflationary expectations are well anchored and consumer spending is improving. Bond yields and commodity prices rose following the Fed statement, but US stocks pared strong gains at the close and the S&P 500 closed justThu, 05 Nov 2009 00:22:00 GMThttp://www.fxstreet.com/technical/forex-strategy/trading@cmsfx.com (CMS Forex)http://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-11-05.htmlhttp://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-11-04.htmlFX Jumpy Ahead of Central Bank Meetings The dollar rose against most key currencies on Tuesday as investors worried about the health of the global banking sector and the sustainability of the equity rally. UBS, a huge Swiss bank, reported a wider-thanestimated loss. In the UK, Royal Bank of Scotland said it was taking more public funding, and Lloyds announced a rights issue. Meanwhile, US factory orders rose for a fifth month in six. The greenback pared earlier gains as the US stock marketWed, 04 Nov 2009 01:20:46 GMThttp://www.fxstreet.com/technical/forex-strategy/trading@cmsfx.com (CMS Forex)http://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-11-04.htmlhttp://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-11-03.htmlAussie Higher ahead of RBA Meeting The dollar fell versus most key currencies on Monday. Risk sentiment improved after better-than-expected economic data across the globe. PMI figures rose more than expected in China, Europe and the US, indicating the global economy is recovering. Still, stocks pared earlier strong gains after Jon Greenlee, associate director of the Fed’s Division of Banking Supervision and Regulation, said “the condition of the banking system is far from robust.” The S&PTue, 03 Nov 2009 01:14:33 GMThttp://www.fxstreet.com/technical/forex-strategy/trading@cmsfx.com (CMS Forex)http://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-11-03.htmlhttp://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-11-02.htmlDollar Gains as Stocks Slump The dollar and yen ended a volatile week on a strong note on Friday. Risk aversion rose on growing concerns over the financial company outlook and the sustainability of the economic recovery. Personal income and personal consumption were weak as expected and consumer conference declined, but manufacturing activity was stronger than anticipated. Commodity prices and bond yields fell and the S&P 500 index dropped 29.92 to 1,036.19. The yen rose on carry tradeMon, 02 Nov 2009 02:27:51 GMThttp://www.fxstreet.com/technical/forex-strategy/trading@cmsfx.com (CMS Forex)http://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-11-02.htmlhttp://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-10-30.htmlRisk Appetite Surges on Strong GDP The dollar and yen fell as risk appetite increased after the US economy grew faster than expected. US GDP rose a stronger-than-expected 3.5% in Q3 2009 as personal consumption contributed the most to GDP gains since Q4 2006. Inventory gains were modest and will likely rise strongly next quarter, which should ensure strong Q4 GDP growth. Meanwhile, the price deflator was well contained, reducing the risk of premature interest-rate hikes. Commodity prices andFri, 30 Oct 2009 01:18:18 GMThttp://www.fxstreet.com/technical/forex-strategy/trading@cmsfx.com (CMS Forex)http://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-10-30.htmlhttp://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-10-29.htmlDollar Index Downtrend Broken The dollar and yen rose as risk aversion increased. Norway raised its key interest rate a quarter point to 1.50%, reminding investors that money will not be nearly free forever. US new-home sales unexpectedly declined in September after posting a fifth consecutive gain in August. Goldman Sachs reduced its Q3 US GDP forecast to 2.7% from 3.0%, while the consensus estimate is 3.2%. Global stocks slumped and the S&P 500 index declined 20.78 to 1,042.63. US bondThu, 29 Oct 2009 02:14:48 GMThttp://www.fxstreet.com/technical/forex-strategy/trading@cmsfx.com (CMS Forex)http://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-10-29.htmlhttp://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-10-28.htmlEUR/USD Remains in Uptrend In NY trading Tuesday, the dollar was higher against the euro but lower versus the yen. US home prices continued to improve, but consumer confidence unexpectedly fell for a second month. The S&P 500 index declined 3.54 to 1,063.41. US bond yields fell as a $44 billion sale of 2-year notes drew strong demand. The dollar index rose for a fourth day. The yen advanced on increased risk aversion and profit taking. The Australian dollar was little changed. Australia’sWed, 28 Oct 2009 01:09:51 GMThttp://www.fxstreet.com/technical/forex-strategy/trading@cmsfx.com (CMS Forex)http://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-10-28.htmlhttp://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-10-27.htmlGreenback Rallies as Risky Assets Fall The dollar rose on Monday as risk aversion increased. The US 10-year yield climbed above the 3.50% resistance while commodities and stocks declined. The S&P 500 index fell 12.65 to 1,066.95. The dollar index rose, tentatively broke its downtrend and traded above the 76 handle for the first time in two weeks. The yen was little changed against the dollar but rose against most other major currencies. The overbought euro fell the most in nearly twoTue, 27 Oct 2009 01:03:17 GMThttp://www.fxstreet.com/technical/forex-strategy/trading@cmsfx.com (CMS Forex)http://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-10-27.htmlhttp://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-10-26.htmlStock Market Correction Could Support USD The dollar rose on Friday as US stocks consolidated recent strong gains and risk appetite moderated. US existing home sales rose to the highest level in more than two years. The S&P 500 index declined 13.31 to 1,079.69 despite strong earnings from Microsoft and Amazon. The yen fell to the lowest level in a month. The euro closed below the 1.50 handle but gained for a fourth consecutive week. Sterling plunged and closed modestly lower for the weekMon, 26 Oct 2009 01:20:00 GMThttp://www.fxstreet.com/technical/forex-strategy/trading@cmsfx.com (CMS Forex)http://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-10-26.htmlhttp://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-10-23.htmlGreenback Pares Gains as Stocks Rise The dollar pared earlier gains as the US equity market reversed earlier losses on Thursday. The Conference Board US leading economic indicators index climbed for a sixth straight month in September while the US jobless situation deteriorated slightly and US home prices unexpectedly fell. The S&P 500 index, reversing earlier losses, gained 11.51 to 1,092.91. The yen was pressured by Japan’s weak exports. Sterling was little changed on flat UK retailFri, 23 Oct 2009 00:19:00 GMThttp://www.fxstreet.com/technical/forex-strategy/trading@cmsfx.com (CMS Forex)http://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-10-23.htmlhttp://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-10-22.htmlGreenback Declines Despite Falling Stocks The dollar fell on Wednesday despite a late selloff on Wall Street. The Federal Reserve’s Beige Book showed weak consumer spending during late summer and early fall. However, “many sectors” of the economy either stabilized or improved modestly the last six weeks. The pickups, though, often were from “depressed” levels of activity, the Fed said. The S&P 500 index, reversing earlier gains in the late selloff, fell 9.66 to 1,081.40. The yen declinedThu, 22 Oct 2009 01:44:11 GMThttp://www.fxstreet.com/technical/forex-strategy/trading@cmsfx.com (CMS Forex)http://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-10-22.htmlhttp://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-10-21.htmlUSD/CAD Surges as BOC Worries The dollar rose on Tuesday as risk sentiment declined. US housing starts increased less than forecast and producer prices unexpectedly fell, increasing worries about the economic recovery and deflationary fears. US stocks consolidated gains and the S&P 500 index fell 6.85 to 1,091.06. The yen declined modestly. The euro reversed earlier gains after touching the 1.50-handle resistance. Sterling was pressured by the UK’s record budget deficit. The overboughtWed, 21 Oct 2009 01:41:52 GMThttp://www.fxstreet.com/technical/forex-strategy/trading@cmsfx.com (CMS Forex)http://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-10-21.htmlhttp://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-10-20.htmlAussie at 14-Month High The dollar fell versus its counterparts on Monday as risk appetite rose and stocks hit new cyclical highs. The Federal Reserve Bank of New York said it is assessing reversed repos to drain liquidity from the financial system is not a sign of an imminent rise in interest rates. US home builder confidence unexpectedly declined in October. The S&P 500 index rose 10.23 points to 1097.91 on earnings optimism and the indication from the NY Fed that liquidly will keepTue, 20 Oct 2009 01:31:59 GMThttp://www.fxstreet.com/technical/forex-strategy/trading@cmsfx.com (CMS Forex)http://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-10-20.htmlhttp://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-10-19.htmlDollar May Gain on Stock Correction The dollar rose against most major currencies on Friday as risk appetite moderated and stocks fell. US industrial production rose strongly, but consumer sentiment declined modestly. The S&P 500 index fell 8.88 points to 1,087.68 on disappointing earnings announcements from Bank of America and GE. The yen fell for a second day. The euro declined for the first time this week; eurozone exports dropped the most in seven months and EU officials expressedMon, 19 Oct 2009 01:25:27 GMThttp://www.fxstreet.com/technical/forex-strategy/trading@cmsfx.com (CMS Forex)http://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-10-19.htmlhttp://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-10-15.htmlDollar Drops as Dow Tops 10,000 The dollar fell versus its rivals on Wednesday as better-than-estimated corporate earnings and economic data lifted investor risk appetite. The Dow Jones 30 index closed above 10,000 for the first time in over a year and the S&P 500 index rose 18.83 points to 1092.02. The dollar index dropped to the lowest level since August 2008, breaking the 76-area support. Some Federal Reserve policy makers said expanding the Fed’s $1.25 trillion mortgage-backedThu, 15 Oct 2009 01:53:10 GMThttp://www.fxstreet.com/technical/forex-strategy/trading@cmsfx.com (CMS Forex)http://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-10-15.htmlhttp://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-10-13.htmlGBP/USD Support Held The dollar fell versus most major currencies on Tuesday. The dollar index was at a 14-month low and below the 76-handle despite the S&P 500 index declining 3.00 points to 1,073.19. Intel reported strong results after the stock market was closed. The yen rose modestly ahead of the Bank of Japan’s interest rate decision. The BOJ is expected to maintain its key rate at 0.10%. Investors are anxious to see whether the BOJ is considering changing its bond purchasing plan.Tue, 13 Oct 2009 23:51:51 GMThttp://www.fxstreet.com/technical/forex-strategy/trading@cmsfx.com (CMS Forex)http://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-10-13.htmlhttp://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-10-12.htmlDollar Rises Despite Stock Gains The dollar rose on Friday, supported by Federal Reserve Chairman Ben Bernanke’s comment last night that the Fed will tighten monetary policy “when the economic outlook improves sufficiently.” This is not a big surprise to the financial markets; however, in conjunction with White House economic adviser Larry Summers’ support for the dollar, it helped the US currency today. Summers said “any idea that nations can devalue their way to prosperity is one thatMon, 12 Oct 2009 02:03:51 GMThttp://www.fxstreet.com/technical/forex-strategy/trading@cmsfx.com (CMS Forex)http://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-10-12.htmlhttp://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-10-09.htmlSafe to Short Dollar? The dollar fell on Thursday as better-than-expected initial jobless claims indicated the US economy is slowly improving. The Bank of England and European Central Bank kept the benchmark interest rates at 0.50% and 1.00%, respectively, showing no signs of changing their monetary policies anytime soon. ECB President Jean- Claude Trichet, warning against excessive currency moves, stressed that “excess volatility and disorderly movements in exchange rates have adverseFri, 09 Oct 2009 01:50:10 GMThttp://www.fxstreet.com/technical/forex-strategy/trading@cmsfx.com (CMS Forex)http://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-10-09.htmlhttp://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-10-08.htmlUSD/JPY Bottoming? At cycle lows against most major currencies, the dollar found support on Wednesday. The dollar index rose to 76.42 after testing the 76-handle support. The S&P 500 index was up 2.56 points to 1,057.58. The euro fell for the first day in four ahead of Thursday’s European Central Bank’s interest-rate decision meeting, while the pound rose modestly ahead of the Bank of England’s meeting. The BOE is expected to keep its key interest rate at 0.50% while the ECB will likelyThu, 08 Oct 2009 02:05:44 GMThttp://www.fxstreet.com/technical/forex-strategy/trading@cmsfx.com (CMS Forex)http://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-10-08.htmlhttp://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-10-07.htmlDollar at Critical Support The dollar fell on Tuesday, pressured by a report that oil producing nations along with Japan, France and China were discussing replacing the USD with a basket of currencies and gold to price oil transactions. The report, although denied by the parties, pressured the greenback in this dollar skeptical environment. The USD was further pressured by Australia’s unexpected interest-rate hike, which increased risk appetite and rallied stocks and commodities. The dollarWed, 07 Oct 2009 01:48:23 GMThttp://www.fxstreet.com/technical/forex-strategy/trading@cmsfx.com (CMS Forex)http://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-10-07.htmlhttp://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-10-06.htmlG-7 did not Address Dollar Weakness The dollar fell on Monday as the G-7, not addressing the dollar weakness, just repeated its statement from the previous two meetings that “excessive volatility and disorderly movements” in exchange rates threaten the global stability. The ISM US non-manufacturing index expanded for the first time since August 2008. The S&P 500 index rose 15.25 points to 1,040.46, supported by optimistic global PMI reports and upgrades from Goldman Sachs. The yen reversedTue, 06 Oct 2009 00:26:06 GMThttp://www.fxstreet.com/technical/forex-strategy/trading@cmsfx.com (CMS Forex)http://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-10-06.htmlhttp://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-10-05.htmlEUR/USD Support Held The dollar closed mixed on Friday, unable to penetrate important technical levels. The dollar and risk aversion got a boost after US employment fell more than expected, but pared overnight gains as PIMCO’s Bill Gross said he believes the US wants a weaker dollar and US stocks recovered most of earlier losses. Recent US economic figures have been weaker than expected, but our leading economic index suggests that the economic recovery is on track and some volatility inMon, 05 Oct 2009 02:16:45 GMThttp://www.fxstreet.com/technical/forex-strategy/trading@cmsfx.com (CMS Forex)http://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-10-05.htmlhttp://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-10-02.htmlDollar Index at Critical Resistance The dollar rose on Thursday as risk aversion increased. The S&P 500 dropped 27.23 points to 1,029.85. The treasury 30-year bond yield fell below 4% for the first time since April. US initial jobless claims increased, the ISM US manufacturing PMI declined and inflation remained subdued, casting doubt over the pace of the US economic recovery. Richmond Federal Reserve Bank President Jeffrey Lacker said the FOMC may need to hike interest rates beforeFri, 02 Oct 2009 01:55:06 GMThttp://www.fxstreet.com/technical/forex-strategy/trading@cmsfx.com (CMS Forex)http://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-10-02.htmlhttp://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-10-01.htmlAussie Hits Yearly High The dollar fell in volatile trading Wednesday. The S&P 500 declined 3.53 points to 1,057.08 but recovered most of earlier losses incurred on a disappointing Chicago PMI report. Risk appetite returned after Federal Reserve Vice Chairman Donald Kohn said slack in the US economy means the Fed can keep interest rates at around zero “for an extended period.” The yen gained. The euro advanced as Germany’s unemployment unexpectedly fell and the European Central BankThu, 01 Oct 2009 01:17:47 GMThttp://www.fxstreet.com/technical/forex-strategy/trading@cmsfx.com (CMS Forex)http://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-10-01.htmlhttp://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-09-30.htmlEUR/USD Testing Support The dollar traded mostly higher on Tuesday. The dollar index rose and tested the resistance from its long-term downtrend in the 77-78 area. If this is broken, the dollar will rally. US house prices climbed the most since 2005 while consumer confidence unexpectedly fell. The S&P 500 declined 2.37 points to 1,060.61. The yen fell as Japan’s Finance Minister Hirohisa Fujii warned that Japan will take “necessary steps” if the currency market moves abnormally. SterlingWed, 30 Sep 2009 00:52:35 GMThttp://www.fxstreet.com/technical/forex-strategy/trading@cmsfx.com (CMS Forex)http://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-09-30.htmlhttp://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-09-29.htmlGreenback Gains Despite Stock Market Rally The dollar traded mostly higher on Monday despite a US equity market rally. Stocks rose for the first day in five. The S&P 500 climbed 18.60 points to 1,062.98. The USD/JPY recovered overnight losses after Japan’s Finance Minister Hirohisa Fujii, who opposes intervening in the currency markets, stated that he is carefully monitoring the strengthening yen and stable currency moves are desirable. The euro declined after European Central BankTue, 29 Sep 2009 01:19:42 GMThttp://www.fxstreet.com/technical/forex-strategy/trading@cmsfx.com (CMS Forex)http://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-09-29.htmlhttp://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-09-28.htmlYen Rises to 7-Month High The dollar closed mixed on Friday, sharply lower versus the yen but higher against the pound. The G-20 leaders said they will keep stimulus measures as long as needed and reduce economic imbalances in trade and savings. The G-20 will also raise banks’ capital requirements and force banks to tie bonuses to long-term performance. US economic figures were mixed. Consumer confidence rose more than expected, while newhome sales and durable goods orders were weaker thanMon, 28 Sep 2009 01:21:28 GMThttp://www.fxstreet.com/technical/forex-strategy/trading@cmsfx.com (CMS Forex)http://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-09-28.htmlhttp://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-09-25.htmlUSD/CAD Ready for Rally? The dollar gained for a second day as declines in equity and commodity markets increased risk aversion. US economic figures were mixed. August existing home sales unexpectedly decreased, while initial and continuing jobless claims fell to lower-than-expected levels. The Federal Reserve and other major central banks announced they will scale back their emergency lending programs that have injected trillions of dollars into financial institutions, citing improving creditFri, 25 Sep 2009 00:37:14 GMThttp://www.fxstreet.com/technical/forex-strategy/trading@cmsfx.com (CMS Forex)http://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-09-25.htmlhttp://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-09-24.htmlDollar Holds Support after FOMC Statement The greenback declined on the FOMC statement but later rose against most major currencies after US equities reversed gains and had a selloff in late NY trading. The Federal Reserve, as expected, maintained the target range for the federal funds rate at 0 to 0.25% and upgraded its economic assessment for the US economy. The Fed sees economic activity as having “picked up” in today’s FOMC statement versus just “leveling out” in the previous statement.Thu, 24 Sep 2009 00:51:43 GMThttp://www.fxstreet.com/technical/forex-strategy/trading@cmsfx.com (CMS Forex)http://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-09-24.htmlhttp://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-09-23.htmlUSD Testing Critical Support ahead of Fed Decision The dollar fell versus its counterparts on Tuesday as risk appetite returned after the Asian Development Bank said China and non-Japan Asia will expand faster than earlier expected. The Federal Reserve is unlikely to signal any tightening of its monetary stance when concluding its meeting tomorrow despite a probable upgrade of its US economic outlook. The S&P 500 rose 7.00 points to 1,071.66. The yen and pound rose for the first day inWed, 23 Sep 2009 01:05:33 GMThttp://www.fxstreet.com/technical/forex-strategy/trading@cmsfx.com (CMS Forex)http://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-09-23.html