Greetings once again, Everyone!

We are about 10 Minutes into The NYSE Open, where Equities and Indices are bidding slightly higher on overall Accumulation that has Clipped Immediate-Term Risk Aversion carrying over from Asia into The London/EU Sessions and into The U.S.

The BRICS Summit is underway in dealing with what may be considered “The True Foundation” of World Economic Hierarchy”… as Brazil, Russia, India, and China surely are viewed from a Long-Term Perspective and in The Near-Term… largely have massive Impact on The “Parallel Markets” of Commodities Markets moving ahead.

The Fiber finally sees a bit of Weight off of Its Back as German ZEW gives it a much-needed Boost, but still… overall…in my Personal View… The Risk-Averse Dollar Rally is somewhat “Transparent”.

While we have seen Dollar-Positive Rhetoric out of China and Russia within the past Week, we must also realize how “Shallow” it can be being a Major Factor in Yesterday’s “Corrective Day”.

Russian President Medvedev and Its Finance Minister Kudrin seemingly have a different “View” of The Dollar as the World’s Reserve Currency overall as Medvedev’s Rhetoric seeks to “downplay” The Dollar while Kudrin has no Issues with it.

In my View… China is the Real Key hereat the BRIC Summit… since It is the “Economic Powerhouse” with whom the most “Weight” carries concerning Dollar Sentiment.

Even so… ALL of this Rhetoric is providing an Unstable Foundation for Dollar Sentiment since The Rhetoric is in the Spotlight in the first place… hence… the overall Trend Resumptions we are seeing/may be seeing with most Units moving forward.

Here are The Hourly Views of The Fiber and The Pound Yen with Commentary above… so give the Captures a Click for Various Levels of Reference, and Post-Time is 14:00 GMT.

The Fiber looks to an IntraDay Hourly Uptrend Correction, as Price sees 1.3850’s Dynamic Resistance in the Immediate-Term now. Clearance of the 1.3630’s Resistance is need and if maintained… Price sees the 1.400 Handle easily In Sight.

Pound Yen sees The Risk-Averse Status holding more Validity as most of The Yen Crosses are still seeing Yen Strength on the general sense. Continuation here sees the Static Daily Support at 158.54 being Breached with the 156.50’s/60’s clearly In Sight if Momentum continues.

Equity and Index Correlations are “In Check” with these Crosses, so keep a Mindful Eye on them as we move along.

Of course… back with more Updates as we move ahead so please join me as all of You are always deeply Welcome!