http://www.fxstreet.com/technical/market-view/trading-news-currency/http://www.fxstreet.com/technical/http://mediaserver.fxstreet.com/images/fxstreet-provider-logo1-en.gif7http://www.fxstreet.com/technical/market-view/trading-news-currency/2009-11-20.htmlThe US dollar has maintained its volatility through this week; but direction has grown ever more elusive. This is not a reflection of the currency’s own fundamental position but rather an indication of hesitancy in underlying risk appetite. While there are mitigating factors that could alter the greenback’s relationship to this primary market theme, there is little doubt that the eventual breakout for the currency will come from a shift in risk appetite. At this point, it is not a question ofFri, 20 Nov 2009 06:21:29 GMThttp://www.fxstreet.com/technical/market-view/research@dailyfx.com (DailyFX)http://www.fxstreet.com/technical/market-view/trading-news-currency/2009-11-20.htmlhttp://www.fxstreet.com/technical/market-view/trading-news-currency/2009-11-19.htmlBritish Pound Falls Across the Board as BOE Minutes Reflect Potential for Expanded Quantitative Easing  Euro Rallies Despite Widening Current Account Deficit in Euro-zone  Canadian Dollar Lags Despite Signs of Percolating Inflation US Dollar Mixed on Signs of Deterioration in Housing, Dovish Comments from Fed’s Bullard The US dollar fell against the euro and Swiss franc on Wednesday amidst indications that inflation remains within the Federal Reserve’s comfort level, housingThu, 19 Nov 2009 05:43:30 GMThttp://www.fxstreet.com/technical/market-view/research@dailyfx.com (DailyFX)http://www.fxstreet.com/technical/market-view/trading-news-currency/2009-11-19.htmlhttp://www.fxstreet.com/technical/market-view/trading-news-currency/2009-11-18.htmlThere was little follow through Today on Monday’s dramatic surge in risk appetite which subsequently drove the Dow Jones Industrial Average to a new high for the year and the Dollar Index to its own 15-month lows. In fact, without clear fundamental fuel to maintain this speculatively-driven advance, investors took the opportunity to book profit and subsequently lead those risk-sensitive assets to retrace some of their gains. However, this pullback would lose strength as the day progressed andWed, 18 Nov 2009 05:39:30 GMThttp://www.fxstreet.com/technical/market-view/research@dailyfx.com (DailyFX)http://www.fxstreet.com/technical/market-view/trading-news-currency/2009-11-18.htmlhttp://www.fxstreet.com/technical/market-view/trading-news-currency/2009-11-17.htmlUS Dollar Down Sharply Despite ‘Strong Dollar’ Comment as Fed’s Bernanke Repeats Phrase on ‘Exceptionally Low Rates’ Japanese Yen Diverges from US Dollar as GDP Rises by Most in 2+ Years British Pound Dominates Ahead of UK CPI on Tuesday Euro Tests 1.50 – Euro-zone CPI Reflects Falling Prices for Fifth Straight Month US Dollar Down Sharply Despite ‘Strong Dollar’ Comment as Fed’s Bernanke Repeats Phrase on ‘Exceptionally Low Rates’ The US dollar experienced a brief surge this afternoon afterTue, 17 Nov 2009 05:35:37 GMThttp://www.fxstreet.com/technical/market-view/research@dailyfx.com (DailyFX)http://www.fxstreet.com/technical/market-view/trading-news-currency/2009-11-17.htmlhttp://www.fxstreet.com/technical/market-view/trading-news-currency/2009-11-16.htmlBritish Pound Mixed Ahead of UK CPI, Bank of England Meeting Minutes Next Week Euro Under Pressure as Q3 GDP Misses Expectations US Dollar Down as US Trade Deficit Widens, Consumer Confidence Falters After staging a strong rally on Thursday, the US dollar eased back on Friday and ultimately ended the week down against all of the majors. In fact, the greenback lost over 2 percent against the New Zealand dollar and Canadian dollar, and 1.5 percent versus the Australian dollar. When compared toMon, 16 Nov 2009 05:38:03 GMThttp://www.fxstreet.com/technical/market-view/research@dailyfx.com (DailyFX)http://www.fxstreet.com/technical/market-view/trading-news-currency/2009-11-16.htmlhttp://www.fxstreet.com/technical/market-view/trading-news-currency/2009-11-13.htmlEuro Looks to Take Control of its Own Fundamental Future with 3Q GDP Numbers Australian Dollar at Risk of Being Pegged Fundamentally Overbought Japanese Yen’s Correlation to Risk has Waning as Recovery Develops US Dollar Marks its Sharpest Rally in Three Months but will it carry through to Friday? The US Dollar enjoyed its most impressive daily advance in months Thursday at the expense of investor confidence. Personifying its macro role as the ubiquitous safe haven currency; the greenbackFri, 13 Nov 2009 05:53:05 GMThttp://www.fxstreet.com/technical/market-view/research@dailyfx.com (DailyFX)http://www.fxstreet.com/technical/market-view/trading-news-currency/2009-11-13.htmlhttp://www.fxstreet.com/technical/market-view/trading-news-currency/2009-11-12.htmlBritish Pound Down as BOE’s King Keeps ‘Open Mind’ on Additional Bond Purchases New Zealand Dollar Under Pressure Ahead of Retail Sales Report Euro Drops from 1.50 - Q3 GDP Next Big Event to Watch Australian Dollar Backs Off from 2009 Highs – Employment Data Due Overnight US Dollar Bounced from 2009 Lows, S&P 500 Fails at 1101 Risk-related trades hit critical levels on Wednesday, as the US dollar index managed to hold above its 2009 lows while the S&P 500 tested, but wasn’t able toThu, 12 Nov 2009 05:44:26 GMThttp://www.fxstreet.com/technical/market-view/research@dailyfx.com (DailyFX)http://www.fxstreet.com/technical/market-view/trading-news-currency/2009-11-12.htmlhttp://www.fxstreet.com/technical/market-view/trading-news-currency/2009-11-11.htmlBritish Pound Hit by Dim Credit Rating Outlook, BoE Quarterly Report Promises Volatility Wednesday  Euro Mixed as Finance Ministers’ Budget Promises offset by a Drop in Confidence Readings  Australian and New Zealand Dollars Take Fundamentally Divergent Paths US Dollar and Risk Appetite Relatively Staid Despite an Increase in Fundamental Activity A comparison between market activity today and yesterday may seem a dichotomy in logic. Monday’s session was light on economic event risk;Wed, 11 Nov 2009 05:44:55 GMThttp://www.fxstreet.com/technical/market-view/research@dailyfx.com (DailyFX)http://www.fxstreet.com/technical/market-view/trading-news-currency/2009-11-11.htmlhttp://www.fxstreet.com/technical/market-view/trading-news-currency/2009-11-10.htmlCanadian Dollar Gains as Canadian Housing Starts Rise 5.4% to 10-Month High  Euro Testing 1.50 Again on Signs Economy Emerged from Recession in Q3  British Pound May Come Under Pressure Ahead of BOE Quarterly Inflation Report US Dollar, Japanese Yen Down as G20 Revives Hopes for Global Recovery Stocks, commodities and carry trades rallied at the start of trading this week in response to signs the global economy will grow further in coming months, which ultimately translated into USTue, 10 Nov 2009 05:36:20 GMThttp://www.fxstreet.com/technical/market-view/research@dailyfx.com (DailyFX)http://www.fxstreet.com/technical/market-view/trading-news-currency/2009-11-10.htmlhttp://www.fxstreet.com/technical/market-view/trading-news-currency/2009-11-09.htmlUS Dollar, Japanese Yen Mixed as Surge in Unemployment Rate to 26-Year High Sparks Choppy Reactions Canadian Dollar Dives Despite Other Commodity Dollar Rallies as Economy Unexpectedly Loses 43,200 Jobs in October Euro Lags Following Cautious Comments from ECB’s Nowotny, Gonzalez-Paramo British Pound Gains Against Dollar as UK Producer Prices Rise for Eighth Month US Dollar, Japanese Yen Mixed as Surge in Unemployment Rate to 26-Year High Sparks Choppy Reactions The US dollar and Japanese yenMon, 09 Nov 2009 05:36:47 GMThttp://www.fxstreet.com/technical/market-view/research@dailyfx.com (DailyFX)http://www.fxstreet.com/technical/market-view/trading-news-currency/2009-11-09.htmlhttp://www.fxstreet.com/technical/market-view/trading-news-currency/2009-11-06.htmlBritish Pound Holds up Despite an Expansion of the BoE’s Bond Purchase Program Euro Shows Limited Response to ECB’s Slow, Hawkish Policy Turn Canadian Dollar not to be Overshadowed Friday with its Own Employment Data US Dollar Steadies before Friday’s NFPs but should we Expect Breakouts? The combination of tepid economic event risk and the looming presence of a key event indicator yet to come worked to stabilize the dollar through Thursday’s session. In contrast to the significant rally andFri, 06 Nov 2009 05:32:59 GMThttp://www.fxstreet.com/technical/market-view/research@dailyfx.com (DailyFX)http://www.fxstreet.com/technical/market-view/trading-news-currency/2009-11-06.htmlhttp://www.fxstreet.com/technical/market-view/trading-news-currency/2009-11-05.htmlEuro Gains on Speculation ECB Will Comment on Exit Strategies for Liquidity Programs on Thursday  British Pound Up, Though Uncertainty is Likely to Linger Ahead of BOE’s Rate Decision US Dollar, Japanese Yen Down Sharply as Equities Hold on to Gains Post-FOMC Decision The US dollar, Japanese yen, and financial markets in general, experienced wildly choppy price action following the release of the Federal Open Market Committee’s policy statement, in which they announced that they had leftThu, 05 Nov 2009 06:02:09 GMThttp://www.fxstreet.com/technical/market-view/research@dailyfx.com (DailyFX)http://www.fxstreet.com/technical/market-view/trading-news-currency/2009-11-05.htmlhttp://www.fxstreet.com/technical/market-view/trading-news-currency/2009-11-04.htmlBritish Pound Response to Second Round Bailout for UK Banks Mixed  Euro Finds Little Support from the EU Commission’s Economic Forecasts  Australian Dollar Stabilizes as the RBA Throttles Back on the Rhetoric  US Dollar’s Critical Breakout Fades Along with Risk Aversion  It was a mixed day for investor sentiment and subsequently the US dollar. Through the Asian and European session, risk appetite was generally muted; but there was a notable bearish bias among the variousWed, 04 Nov 2009 05:53:26 GMThttp://www.fxstreet.com/technical/market-view/research@dailyfx.com (DailyFX)http://www.fxstreet.com/technical/market-view/trading-news-currency/2009-11-04.htmlhttp://www.fxstreet.com/technical/market-view/trading-news-currency/2009-11-03.htmlAustralian Dollar Primed for a Breakout with the RBA Decision an Ideal Catalyst  British Pound Volatile Ahead of critical BoE Rate Decision Thursday  Euro Data Confirms Manufacturing Sector Expanded for the first time in 17 Months  US Dollar Initially Weighed by Risk Appetite Fed by Strong, Global Manufacturing Reports The US dollar was put through its paces Monday thanks to a surge in risk appetite that seemed partly a response to the extraordinary losses from the capitalTue, 03 Nov 2009 05:45:18 GMThttp://www.fxstreet.com/technical/market-view/research@dailyfx.com (DailyFX)http://www.fxstreet.com/technical/market-view/trading-news-currency/2009-11-03.htmlhttp://www.fxstreet.com/technical/market-view/trading-news-currency/2009-11-02.htmlEuro, Swiss Franc Virtually Unchanged Despite SNB Intervention British Pound Outlook Hinges Upon BOE Meeting Outcome and Status of Quantitative Easing Australian Dollar Down with Other Carry Trades - Will the RBA Actually Raise Rates Again Next Week? US Dollar, Japanese Yen Dominate as Markets are Reminded of Importance of Risk Aversion The US dollar and Japanese yen were the strongest of the majors on a day when US stock indices plunged over 2.5 percent, indicating that market correlationsMon, 02 Nov 2009 05:29:46 GMThttp://www.fxstreet.com/technical/market-view/research@dailyfx.com (DailyFX)http://www.fxstreet.com/technical/market-view/trading-news-currency/2009-11-02.htmlhttp://www.fxstreet.com/technical/market-view/trading-news-currency/2009-10-30.htmlEuro Economic Outlook Improves with German Employment and Weber’s Hawkish Commentary British Pound Rally Living on Borrowed Time with BoE Decision due Next Week New Zealand Dollar Losing its Appeal as a High Yield Currency to its Aussie Counterpart US Dollar: The Economic Recovery is in Place, When Will the Currency’s Rally Follow? Volatility begets volatility. Leading up to today’s major event risk, the dollar was pacing an aggressive rally on a still young reversal. And so, when theFri, 30 Oct 2009 05:46:46 GMThttp://www.fxstreet.com/technical/market-view/research@dailyfx.com (DailyFX)http://www.fxstreet.com/technical/market-view/trading-news-currency/2009-10-30.htmlhttp://www.fxstreet.com/technical/market-view/trading-news-currency/2009-10-29.htmlUS Dollar, Japanese Yen Rally Further as Risk Aversion Reigns Ahead of US GDP Report on Thursday  New Zealand Dollar Falls Sharply with Carry Trades - RBNZ Decision Rate Decision Today  Euro Tumbles Further as German Import Prices Fall on Currency’s Appreciation  British Pound Holds Above 50 SMA Despite European Commission Announcement of Northern Rock Lending Restrictions  Australian Dollar Down as Consumer Prices Fall to Lowest Since Q2 1999 US Dollar, Japanese Yen RallyThu, 29 Oct 2009 06:16:09 GMThttp://www.fxstreet.com/technical/market-view/research@dailyfx.com (DailyFX)http://www.fxstreet.com/technical/market-view/trading-news-currency/2009-10-29.htmlhttp://www.fxstreet.com/technical/market-view/trading-news-currency/2009-10-28.htmlUS Dollar's Recovery Slowed by Drop in Consumer Confidence, Grounded by Upcoming GDP Release Euro: Outlook for Economic Recovery and Interest Rate Policy Marred by Record Drop in Private Lending Australian and New Zealand Dollars Shirk Risk Sentiment for Interest Rate Forecasts British Pound Climbs as Retail Activity Hits a Near-Two Year High US Dollar’s Recovery Slowed by Drop in Consumer Confidence, Grounded by Upcoming GDP Release Despite a round of disappointing economic data, the USWed, 28 Oct 2009 06:02:08 GMThttp://www.fxstreet.com/technical/market-view/research@dailyfx.com (DailyFX)http://www.fxstreet.com/technical/market-view/trading-news-currency/2009-10-28.htmlhttp://www.fxstreet.com/technical/market-view/trading-news-currency/2009-10-27.htmlUS Dollar, Japanese Yen Rally as US Equities Reverse - US Consumer Confidence Could Disappoint on Tuesday Euro Breaks from Rising Channel as German Consumer Confidence Deteriorates Australian Dollar Declines Could Continue If Australian Consumer Prices Weaken British Pound Holds Its Own in Day of Consolidation US Dollar, Japanese Yen Rally as US Equities Reverse - US Consumer Confidence Could Disappoint on Tuesday The US dollar and Japanese yen made headway against many of the majors, as riskTue, 27 Oct 2009 05:53:51 GMThttp://www.fxstreet.com/technical/market-view/research@dailyfx.com (DailyFX)http://www.fxstreet.com/technical/market-view/trading-news-currency/2009-10-27.htmlhttp://www.fxstreet.com/technical/market-view/trading-news-currency/2009-10-26.htmlUS Dollar Bounces on Stock Market Declines, Jump in NAR Existing Home Sales  Euro Rallies as German Business Confidence Improves, PMI Composite Hits Nearly 2-Year High  Australian Dollar Follows DJIA, S&P 500 Down from 2009 Highs as Risk Appetite Fades British Pound Down Nearly 2% After UK GDP Surprisingly Shows Economy is Still Contracting By Friday’s close, the British pound fell more than 1 percent against the Japanese yen and nearly 2 percent versus the US dollar and euroMon, 26 Oct 2009 05:52:20 GMThttp://www.fxstreet.com/technical/market-view/research@dailyfx.com (DailyFX)http://www.fxstreet.com/technical/market-view/trading-news-currency/2009-10-26.htmlhttp://www.fxstreet.com/technical/market-view/trading-news-currency/2009-10-23.htmlBritish Pound Prepared for first 3Q GDP Reading of the Industrialized World with Breakout Pressure Building  Euro May Finally Supply its Own Volatility with a Deluge of High-Level Event Risk Canadian Dollar Balks at Retail Sales, Responds to Transparent BoC Policy Report US Dollar Relinquishes its Tepid Gains as the Dow Rallies Through much of Thursday’s Asian and European session, the dollar was working on a modest but steady advance against most of its major counterparts. However,Fri, 23 Oct 2009 06:07:24 GMThttp://www.fxstreet.com/technical/market-view/research@dailyfx.com (DailyFX)http://www.fxstreet.com/technical/market-view/trading-news-currency/2009-10-23.htmlhttp://www.fxstreet.com/technical/market-view/trading-news-currency/2009-10-22.htmlBritish Pound Propelled Higher as BOE Minutes Reflect Neutral Policy Stance  Swiss Franc Headed Towards Parity with the US Dollar - SNB Intervention Risk?  Euro Pushes Above 1.50 - Further Gains May Be in Store  US Dollar, Japanese Yen Tumble as Fed’s Fisher Says that Hikes Are Not ‘Imminent’ The US dollar and Japanese yen were easily the weakest of the majors as pairs like EURUSD, NZDUSD, and AUDJPY broke to fresh 2009 highs as equities continued to climb higher. US economicThu, 22 Oct 2009 05:52:38 GMThttp://www.fxstreet.com/technical/market-view/research@dailyfx.com (DailyFX)http://www.fxstreet.com/technical/market-view/trading-news-currency/2009-10-22.htmlhttp://www.fxstreet.com/technical/market-view/trading-news-currency/2009-10-21.htmlBritish Pound Traders Look Ahead to BoE Minutes to Help Revive Currency’s Rally Canadian Dollar Tumbles after BoC Rate Decision as Officials Repeat Concerns over the Currency Australian Dollar Bolstered by Yet another Upgrade on the RBA’s Hawkish Policy Stance US Dollar Benefits from Risk Aversion but still far from a Trend Reversal The Dow marked an intraday decline below 10,000 and crude marked its first bearish close in nine sessions. Naturally, this market headwind would inversely benefitWed, 21 Oct 2009 05:42:41 GMThttp://www.fxstreet.com/technical/market-view/research@dailyfx.com (DailyFX)http://www.fxstreet.com/technical/market-view/trading-news-currency/2009-10-21.htmlhttp://www.fxstreet.com/technical/market-view/trading-news-currency/2009-10-20.htmlEuro Consolidates Below 1.4965 British Pound Fails to Break Above Trendline Resistance Canadian Dollar Gains as Foreign Investment Climbs, Ahead of Bank of Canada’s Rate Decision US Dollar, Japanese Yen Down as DJIA Hits Fresh 2009 Highs The US dollar and Japanese yen were two of the weakest major currencies on Monday, risk appetite improved and the Dow Jones Industrial Average (DJIA) rallied back above 10,000 to fresh 2009 highs. Looking to the news on hand, the Federal Reserve confirmed thatTue, 20 Oct 2009 07:26:23 GMThttp://www.fxstreet.com/technical/market-view/research@dailyfx.com (DailyFX)http://www.fxstreet.com/technical/market-view/trading-news-currency/2009-10-20.htmlhttp://www.fxstreet.com/technical/market-view/trading-news-currency/2009-10-19.htmlEuro Consolidates as Exports Dive, Warning That Ireland May Require IMF Aid British Pound Rally Continues Following Comments from BOE’s Fisher Signaling End of QE Canadian Dollar Down as CPI Falls for Fourth Straight Month, Bank of Canada Rate Decision Next Week US Dollar Gains as Risk Appetite Fades, DJIA Closes Back Below 10,000 The US dollar was one of the strongest major currencies, falling only against the British pound, as risk aversion faded and the Dow Jones Industrial Average (DJIA)Mon, 19 Oct 2009 12:11:06 GMThttp://www.fxstreet.com/technical/market-view/research@dailyfx.com (DailyFX)http://www.fxstreet.com/technical/market-view/trading-news-currency/2009-10-19.htmlhttp://www.fxstreet.com/technical/market-view/trading-news-currency/2009-10-16.htmlBritish Pound Surges after BoE Comments Led Speculators to Believe Policy is Turning Euro Finds Head Wind in Trichet’s Support for the Dollar and Deflation Australian and New Zealand Dollars Encouraged by Building Rate Speculation US Dollar Edges Lower while the Yen Plunges as Earnings Season Wears On The disjointed and measured activity across the speculative markets today is not what you would expect to see just a day after surpassing so many milestones. From the dollar and some of the highFri, 16 Oct 2009 05:35:47 GMThttp://www.fxstreet.com/technical/market-view/research@dailyfx.com (DailyFX)http://www.fxstreet.com/technical/market-view/trading-news-currency/2009-10-16.htmlhttp://www.fxstreet.com/technical/market-view/trading-news-currency/2009-10-15.htmlPressure remains on the US dollar but the New Zealand Dollar is actually the weakest of the major currencies right today. A EURUSD resistance line is at 1.5000 today and bears watching if reached. Euro/US Dollar No change from yesterday - “the EURUSD has traded to a new high for 2009 and focus is now on the top of the channel from early July (5th wave channel, more on that below), which is at 1.5002 (on 10/14). Coming under 1.4670 would begin to suggest that a top is in place. The channelingThu, 15 Oct 2009 05:43:31 GMThttp://www.fxstreet.com/technical/market-view/research@dailyfx.com (DailyFX)http://www.fxstreet.com/technical/market-view/trading-news-currency/2009-10-15.htmlhttp://www.fxstreet.com/technical/market-view/trading-news-currency/2009-10-14.htmlThe EUR/USD continues to see risk sentiment have the greatest influence on price action as movement in the DJIA is explaining 41% of overall direction. However, U.S. interest rate expectations are starting to increase in importance as they have become a weighing factor with a -0.24 correlation. EUR/USD The EUR/USD continues to see risk sentiment have the greatest influence on price action as movement in the DJIA is explaining 41% of overall direction. However, U.S. interest rate expectationsWed, 14 Oct 2009 05:45:19 GMThttp://www.fxstreet.com/technical/market-view/research@dailyfx.com (DailyFX)http://www.fxstreet.com/technical/market-view/trading-news-currency/2009-10-14.htmlhttp://www.fxstreet.com/technical/market-view/trading-news-currency/2009-10-13.htmlThe US dollar's losing ways continue as the USDCAD trades at a 2009 low. The only pair that offers reversal evidence is the NZDUSD - which should be monitored closely given its incredible advance since March. Euro/US Dollar The uptrend is strong and it looks as though the top since the 9/23 high at 1.4850 is a 4th wave correction (which may end up as a triangle as 4th wave often do). 1.4740 is short term support and only a drop below 1.4480 would turn the tide. Notice where I have placed theTue, 13 Oct 2009 06:09:47 GMThttp://www.fxstreet.com/technical/market-view/research@dailyfx.com (DailyFX)http://www.fxstreet.com/technical/market-view/trading-news-currency/2009-10-13.htmlhttp://www.fxstreet.com/technical/market-view/trading-news-currency/2009-10-12.htmlUS Dollar Gains Following Bernanke Comments, Unexpected Narrowing of US Trade Deficit Euro Ends Week Just Above 1.4700 as German Trade Surplus Narrows  British Pound Down Despite Improvement in UK Trade Deficit, Rise in Producer Prices Canadian Dollar Dominates as Economy Adds on 36,000 Jobs and Unemployment Rate Falls to 8.4% US Dollar Gains Following Bernanke Comments, Unexpected Narrowing of US Trade Deficit The US dollar was one of the strongest major currencies on Friday, followingMon, 12 Oct 2009 05:59:45 GMThttp://www.fxstreet.com/technical/market-view/research@dailyfx.com (DailyFX)http://www.fxstreet.com/technical/market-view/trading-news-currency/2009-10-12.htmlhttp://www.fxstreet.com/technical/market-view/trading-news-currency/2009-10-09.htmlBritish Pound Comforted by Bank of England’s Steady Hand Euro Looks like it May End up a Laggard in the Rate Game Given the ECB’s Stance Australian Dollar Sees Another Dramatic Stretch to New Highs on Employment Canadian Dollar has a Busy Day Ahead of it with Employment, Trade and Business Activity Data US Dollar and Dow on the Verge of Opposing Breaks The markets are once again toeing the line. Market sentiment is threatening to revive momentum in the steady advance in optimism that beganFri, 09 Oct 2009 06:46:09 GMThttp://www.fxstreet.com/technical/market-view/research@dailyfx.com (DailyFX)http://www.fxstreet.com/technical/market-view/trading-news-currency/2009-10-09.htmlhttp://www.fxstreet.com/technical/market-view/trading-news-currency/2009-10-08.htmlThe AUDUSD and NZDUSD have reached their March and January 2008 lows, just 1 year (for AUDUSD) and 8 months (for NZDUSD) after trading at multi-year lows. Media coverage on the weak US dollar has increased dramatically in the past several days. This dynamic tends to occur at the end of a trend. Euro/US Dollar Was 1.4850 the top? I don’t know and only time will tell. However, that level did mark the 100% extension of the 1.2327-1.4723 rally (from 1.2454) as well as the top of a channel. TheThu, 08 Oct 2009 05:56:25 GMThttp://www.fxstreet.com/technical/market-view/research@dailyfx.com (DailyFX)http://www.fxstreet.com/technical/market-view/trading-news-currency/2009-10-08.htmlhttp://www.fxstreet.com/technical/market-view/trading-news-currency/2009-10-07.htmlThe EUR/USD continues to see risk sentiment have the greatest influence on price action as movement in the DJIA is explaining 41% of overall direction. However, U.S. interest rate expectations are starting to increase in importance as they have become a weighing factor with a -0.24 correlation. EUR/USD  The EUR/USD continues to see risk sentiment have the greatest influence on price action as movement in the DJIA is explaining 41% of overall direction. However, U.S. interest rateWed, 07 Oct 2009 05:36:17 GMThttp://www.fxstreet.com/technical/market-view/research@dailyfx.com (DailyFX)http://www.fxstreet.com/technical/market-view/trading-news-currency/2009-10-07.htmlhttp://www.fxstreet.com/technical/market-view/trading-news-currency/2009-10-06.htmlThe US dollar is consolidating last week's gains. The most interesting pattern is seen in the AUDUSD, which shows a 5 wave decline from it's 2009 high. Euro/US Dollar As long as the EURUSD is below 1.4680, my working assumption is that an important top is in place above 1.4800 (either a B wave or 2nd wave high within the bear that began at 1.6000 in 2008). Coming under 1.4480 would likely lead to an acceleration of weakness towards a 100% extension at 1.4360 and a 161.8% extension at 1.4160.Tue, 06 Oct 2009 06:54:34 GMThttp://www.fxstreet.com/technical/market-view/research@dailyfx.com (DailyFX)http://www.fxstreet.com/technical/market-view/trading-news-currency/2009-10-06.htmlhttp://www.fxstreet.com/technical/market-view/trading-news-currency/2009-10-05.htmlUS Dollar Down as NFPs Disappoint - Watch for Currency Focus in Weekend G7 Statement Euro Up as Euro-zone Producer Prices Rise on Energy Costs British Pound Down Despite Rise in UK House Prices Australian Dollar the Weakest of the Majors - RBA Rate Decision Due Next Tuesday The US dollar ended the day down across the majors, but the currency’s moves were really contained to about two hours of price action at the start of the US trading session as the markets did little throughout the afternoonMon, 05 Oct 2009 06:14:30 GMThttp://www.fxstreet.com/technical/market-view/research@dailyfx.com (DailyFX)http://www.fxstreet.com/technical/market-view/trading-news-currency/2009-10-05.htmlhttp://www.fxstreet.com/technical/market-view/trading-news-currency/2009-10-02.htmlEuro Finds Little Comfort in Regional Banks Passing the EU’s Financial Stress Test Japanese Yen Finds Little Strength From Improved Tankan Business Forecast US Rallies Ahead of NFPs on a Drop in Risk Appetite, Questionable Data It may seem natural that the US dollar posted its largest daily advance in a month on the day that offers the most economic data for the week. However, there were significant headwinds working against a spark in volatility – much less a rally from the greenback.Fri, 02 Oct 2009 05:47:09 GMThttp://www.fxstreet.com/technical/market-view/research@dailyfx.com (DailyFX)http://www.fxstreet.com/technical/market-view/trading-news-currency/2009-10-02.htmlhttp://www.fxstreet.com/technical/market-view/trading-news-currency/2009-10-01.htmlDollar weakness in the overnight session was met with strong opposition and majors are little changed on a net basis as a result. Keep in mind that this is also the final day of the month, which sometimes produce wild senseless swings. Euro/US Dollar I wrote yesterday that “the EURUSD is testing short term channel support. A daily close below the line would increase confidence in the bearish bias and expose 1.4450. Price should stay below 1.4650 at this point.” The line held and the EURUSDThu, 01 Oct 2009 05:48:14 GMThttp://www.fxstreet.com/technical/market-view/research@dailyfx.com (DailyFX)http://www.fxstreet.com/technical/market-view/trading-news-currency/2009-10-01.htmlhttp://www.fxstreet.com/technical/market-view/trading-news-currency/2009-09-30.htmlThe Yen reached an eight month high against the dollar before sharply reversing after hitting trend line support. Technical levels have started to increase in importance as the USD/JPY has started to lose its correlation to fundamental factors. Indeed, risk sentiment has seen its influence over the pair decrease to 40% from 48% a week ago. USD/JPY The Yen reached an eight month high against the dollar before sharply reversing after hitting trend line support. Technical levels have started toWed, 30 Sep 2009 05:23:57 GMThttp://www.fxstreet.com/technical/market-view/research@dailyfx.com (DailyFX)http://www.fxstreet.com/technical/market-view/trading-news-currency/2009-09-30.htmlhttp://www.fxstreet.com/technical/market-view/trading-news-currency/2009-09-29.htmlThe US dollar rally continues and evidence continues to mount that the recent US dollar low is significant. A short term EURUSD bearish target is 1.4450. Euro/US Dollar Having come under a short term channel midline (at least temporarily), EURUSD weakness is confirming our suspicion that an important top is in place. 1.4410/50 is the level at which a bounce has a high probability of materializing.  British Pound/US Dollar The GBPUSD nearly reached 1.5750 last night. Former support is nowTue, 29 Sep 2009 05:52:04 GMThttp://www.fxstreet.com/technical/market-view/research@dailyfx.com (DailyFX)http://www.fxstreet.com/technical/market-view/trading-news-currency/2009-09-29.htmlhttp://www.fxstreet.com/technical/market-view/trading-news-currency/2009-09-28.htmlBritish Pound the Weakest of the Majors as GBPJPY Break Below Key Support Euro Consolidates Above 1.4615 Following Rise in German Consumer Confidence US Dollar Down Slightly, Japanese Yen Surges as US Durable Goods Orders Fall 2.4% The US dollar spent much of Friday consolidating the previous day’s moves, especially against the euro, as the currency only rose against the Canadian dollar and British pound. Meanwhile, the Japanese yen was easily the biggest gainer as some disappointing US dataMon, 28 Sep 2009 06:12:07 GMThttp://www.fxstreet.com/technical/market-view/research@dailyfx.com (DailyFX)http://www.fxstreet.com/technical/market-view/trading-news-currency/2009-09-28.html