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/2009-11-06.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.htmlhttp://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-09-22.htmlWhen Will Dollar Turn Bullish? After gaining overnight on drops in international equity and commodity markets, the dollar rose on Monday ahead of the FOMC 2-day meeting but later pared gains as US stocks reduced earlier losses. The Federal Reserve is expected to maintain the target range for the federal funds rate at 0 to 0.25% this Wednesday while market participants look for clues on the Fed’s exit strategy. The S&P 500 declined 3.64 points to 1,064.66. The yen dropped for a fifth dayTue, 22 Sep 2009 01:48:58 GMThttp://www.fxstreet.com/technical/forex-strategy/trading@cmsfx.com (CMS Forex)http://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-09-22.htmlhttp://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-09-21.v02.htmlOversold Greenback Gains The dollar rose after finding some support against most major currencies on Friday. Risk aversion increased overnight on Chinese and UK bank worries. Still, the S&P 500 was up a modest 2.81 to 1,068.30 in narrow trading range despite today’s quadruple witching. The yen fell modestly. Japan’s Finance Minister Hirohisa Fujii said exchange rates should reflect economic fundamentals, in an attempt to downplay his earlier support for a strong yen. The euro saw someMon, 21 Sep 2009 01:06:52 GMThttp://www.fxstreet.com/technical/forex-strategy/trading@cmsfx.com (CMS Forex)http://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-09-21.v02.htmlhttp://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-09-18.htmlDollar at Critical Support The dollar traded mixed on Thursday, having tested important technical levels in the crosses. The dollar index tested its 76.00 support before closing little changed at 76.24. US economic figures were mixed. Housing data was slightly weaker than expected while numbers on initial jobless claims and Philadelphia manufacturing were better than expected. The S&P 500 declined 3.28 points to 1,065.48. The yen fell modestly. The Bank of Japan maintained its key interestFri, 18 Sep 2009 01:39:30 GMThttp://www.fxstreet.com/technical/forex-strategy/trading@cmsfx.com (CMS Forex)http://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-09-18.htmlhttp://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-09-17.htmlDollar Index Approaching Critical Support The dollar fell versus its counterparts on Wednesday as risk appetite increased. US industrial production continued its gain in another sign the US economy is recovering. The S&P 500 jumped 16.13 points to 1,068.76. Continuing its negative correlation with the stock market, the dollar index fell to 76.29, just above the vital 76-handle support. The yen rose, supported by Japan’s newly appointed Finance Minister Hirohisa Fujii who sees advantages ofThu, 17 Sep 2009 02:09:49 GMThttp://www.fxstreet.com/technical/forex-strategy/trading@cmsfx.com (CMS Forex)http://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-09-17.htmlhttp://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-09-16.htmlSterling Pressured by BOE Governor King The dollar traded mostly lower on Tuesday as risk appetite increased and US stock price indexes climbed to fresh yearly highs. Federal Reserve Chairman Ben Bernanke said the US recession is “very likely” over but the economy is still weak. US retail sales and producer prices rose more than expected. The S&P 500 was up 3.29 points to 1,052.63. The yen declined for a second day. The euro gained for an eighth consecutive day. The Australian and CanadianWed, 16 Sep 2009 00:36:46 GMThttp://www.fxstreet.com/technical/forex-strategy/trading@cmsfx.com (CMS Forex)http://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-09-16.htmlhttp://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-09-15.htmlYen Is Oversold The dollar traded mixed on Monday, higher against the yen and commodity currencies but lower versus the euro. The greenback was supported by increasing risk aversion as a trade dispute between China and the US increased the threat of protectionism. The S&P 500 was up 6.61 points to 1,049.34. The euro rose despite the declines in eurozone industrial production and employment. Sterling was pressured by a report predicting the UK housing slump will resume next year. TheTue, 15 Sep 2009 01:45:36 GMThttp://www.fxstreet.com/technical/forex-strategy/trading@cmsfx.com (CMS Forex)http://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-09-15.htmlhttp://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-09-14.htmlWill Dollar Find Support? The dollar was mixed on Friday, sharply lower versus the yen but modestly higher against the commodity currencies. US consumer confidence rose more than expected, boosted by the recent rally on Wall Street. Wholesale inventories fell for a record eleventh straight month while wholesale sales gained, indicating a US economic recovery in on track. The S&P 500 fell 1.41 points to 1,042.73, the first decline in six days. The USD/JPY plunged following the penetrationMon, 14 Sep 2009 01:51:45 GMThttp://www.fxstreet.com/technical/forex-strategy/trading@cmsfx.com (CMS Forex)http://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-09-14.htmlhttp://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-09-11.htmlUSD Falls as Stocks Reach New Yearly High The dollar traded lower on Thursday as US stocks hit a new yearly high. The US trade deficit widened more than expected and initial jobless claims declined more than anticipated. The dollar index fell for a fifth consecutive day to 76.80, approaching the 76-area support. The S&P 500 rose 10.77 points to 1,044.14, the highest closing since October 6, 2008. The USD/JPY was lower, testing the 91.50-area support for a second day. The euro rose.Fri, 11 Sep 2009 00:09:34 GMThttp://www.fxstreet.com/technical/forex-strategy/trading@cmsfx.com (CMS Forex)http://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-09-11.htmlhttp://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-09-10.htmlGreenback Remains Under Pressure The dollar fell versus most major currencies on Wednesday but pared losses after the Federal Reserve said eleven of its twelve regional banks reported signs of a stable or improving economy. US mortgage applications rose the most since March in another sign the economy is recovering. The S&P 500 was up 7.98 points to 1,033.37. The USD/JPY fell. The euro rose for a fourth day. European Central Bank council member Erkki Liikanen suggested the ECB may start toThu, 10 Sep 2009 01:41:08 GMThttp://www.fxstreet.com/technical/forex-strategy/trading@cmsfx.com (CMS Forex)http://www.fxstreet.com/technical/forex-strategy/daily-forex-strategy-briefing/2009-09-10.html