Greetings, Everyone and Welcome to a New Week!

It appears our “Risk Aversion” Friends, The Dollar and The Yen, are not quite done with their Visit on more of a Macro-View!

While they seem to disappear into the Shadows here and there, they have not quite left for their Long and Indeterminate Vacation.

We have heard constant Rhetoric from every level that signs of “Recovery” are on the way, and from my personal View here in the U.S., I still find these Voices to be a bit premature.

While most Data Points in general are finding some “Stabilization”… this certainly does not mean or imply the Economy is seeing true signs of Health.

We see and hear all of the time how Data is emerging “Better-than-Expected”… or “In-Line”… or “Not as Negative as last Month”.

This is analogous to saying, “The German Shepherd ripped my Arm off… but it is still not as bad  as Last Month… when the Doberman Pincher tore my Leg off…” 

See my Point here?

( Please… no disrespect to Dogs… I’ve owned them all throughout my life… so please discontinue your Plans to place me in front of a Firing Squad… )        

The Inherent Risk here is the same as we see in Technical Analysis with a Trendline on a Chart.

We are wary and distrusting of Trendlines that are too Angular and too Steep… as they infer such “speed and momentum” in their Builds… that they are usually broken and prone to Failure in no time at all.

Those who are seeing a “Stable Recovery” may suffer the same Fate as our beloved Trendline.

Their Thoughts of such a quick Recovery appears “too fast too soon”… similar to speed-filled Momentum in Price that results in long Wicks on our Candles.

The Fed Minutes due this week will not really clarify anything either way, and in my personal view, may simply be the Status Quo of ”Business as Usual”.

Interest Rate Hikes or Cuts are clearly off the Table in the Interim, as The Fed looks to continue their Agenda of pumping Funds into the System.

In the similar way we see The Dollar and The Yen “magically and immediately appear” after a few Days or few Sessions of “Stable” Weakness… the overall Sentiment in the Economy can and does do the same.

In our earlier Post, we spoke of this same Sentiment with the Dow and S&P 500 looking to open lower, and we will monitor this as the Asian Sectors and Exchanges move into the Equity Futures Bids ahead of the NYSE Open.

For our concerns here, the Fiber and the Aussie yen are illustrating these Principles nicely, as the Dollar and yen look to continue their Risk Aversion Ride in the Near-Term.

Here are the Hourly Views as we move  a couple of hours into new Week, so give the Captures a Click for Commentary.

Post-Time is 23:50 GMT  GMT.

I hold the EXACT Commentary on EUR/USD that we had with Friday’s Close… as the Head-and-Shoulders Formation is continuing Its “Normal” Price Behavior.

AUD/JPY also sees significant Yen Strength at the Open, as Commodities are always “Factoring into the Equation” here with Pressure on Gold and other Base-Metals.

As always, please join me for the “Currency Majors Technical Perspective” Report right around 7:00 GMT, to be followed by a Blog Update!

And Remember… Pet Your Dog !