A Blog of Commentary and Ideas from an FXstreet Premium Member by 
Greetings again, Everyone at the NYSE Close!
We come to the end of a rather “lackluster” Day in Equities and Indices… as Currencies see a bit more Correction heading into The weekend and The G8 Meeting. In a surprising burst of Rhetoric, Finance Minister Yosano from Japan “Jawbones” The Dollar Japan’s trust in the “U.S. Treasuries is absolutely unshakeable”… causing The Currency some Buoyancy.
Overall Sentiment with the U.S. Michigan Consumer Confidence Survey comes largely “In Line” as Expected.
While the overall Numbers came in “Better than Expected”… We still must be Mindful that the Data is less than Exemplary…
Let’s check in on The Fiber for Dollar strength Correction going into The Weekend.
Here is the Hourly View with Commentary, so give The Capture a Click.
Post-Time is 21:30 GMT.
Price looks to what many would View as “eventual” Completion of an IntraDay Head & Shoulders Formation…. as well as a “Superimposed” Rounded Double-Top.
If Complete… Price look for the 1.3820’s respective to The Full Pattern in the Near-Term.
On the Macro-Level… we are still largely Range-Bound here as evidenced by the Magenta Dynamic Support and Resistance Levels.
OK, Everyone!…. I will be back with you tomorrow for some more “Weekend Thoughts”, so please come by for a Visit!
