Greetings for Mid-Week Everyone!

As we usually see with “natural” Market behavior… we are seeing some “resting”…”continuation”…”consolidation”.. and every other descriptor we can think of after we see such stout Momentum-driven Directionality!

Our “Risk-Averse” Friend, the Dollar, is handling the job just fine!… now that his “Partner-in Crime”, the Yen… has broken away for another position as a Speed Bump…. hee hee hee…. 

A unique situation with a variety of factors with USD/JPY bring us “counter-intuitive” Price Action… as the Dollar continues to dominate its’ “Old Friend”.

In keeping with our “Theme” this week… the Dollar aspects of the overall Picture are resting on some Commentary of Ben Bernanke in the Long-Term, and conflict with this comes the absolutely worse Consumer Confidence on record… and “same old, same old” News on the Case/Shiller Housing Index.

“So what’s the story then, CVJ?… Dollar Yen and the Dollar itself continues to hold its’ strength?… even with all that bad Data?” , the CVJ Fan Club Guys ponder…

“Wow!, I say… “You three Market Misfits are actually asking me something constructive? … I am shocked… SHOCKED, I say!”     

 Seriously… we know that overall Fundamental factors are still being largely ignored… and our lack of any “real normal” Correlations simply are non-existent.

In my personal view… we are still really dealing with a Paradigm Shift in Sentiment and Price Action, as I have been referring to the past few Posts.

Here are the Hourly Views of both Euro and Gold… so give the Captures a Click… and Post-Time tonight is about 2:40 GMT.

Gold corrected a good $35.00 yesterday finding Support around $961.00.

We will certainly revisit these two… and check on Dollar Yen for the next Post.

Later… we will add the Yen Crosses and Crude Oil into the fray in keeping with our “Theme” this week.

We will see if Obama’s rhetoric shows itself in any fashion or thoughts in the Markets as we move through the evening.