Greetings again, Everyone!

We are about 90 Minutes into The NYSE Open, as Equities and Indices are trading higher to start today’s Session.

A boost in Crude Oil Appreciation sees Price providing Momentum for general Dollar weakness, as whay seems to be a “Seasonal Occurrence” with The Niger Delta Attacks… this time on a on a Shell Pipeline… and continued Issues with Iranian Elections provided the “Catalysts” needed to throw The Back Gold above $72 for a moment… as Price now looks to a potential Hourly Bull Flag Formation.

Our Aussie Yen Example came to Fruition as well from our 8:00 GMT Blog Update, which assuredly has some “Bleedout” from The Aussie Dollar Itself… and The Queen takes off on Rhetoric from the International Monetary Fund’s increasing “Presence” on the Global Economic Scene, and Global Growth Estimates being revised “North” by about 2.4%.  Mervyn King also checks in with The U.K. “rate of Economic Decline” is flattening and Basing… which also helped to provide Support for The Pound.

Here are The Hourly Views of The Queen and Aussie Yen with Commentary above, so give the Captures a Click for various Levels.

Post-Time is 15:45 GMT.

 With a push through the 1.6440’s “Transitive Rollover” Resistance-becoming-Support, Price for The Queen now sees the 1.6500 Handle In Sight if 1.6477/80 Dynamic Resistance can be Clipped in the Immediate-Term. Otherwise, a return to “Re-Test” the 1.6400 Handle through 1.6340’s again may Hold Price for the remainder of The Day in this tight Range.

The Aussie Yen also looked for Appreciation, as Price Appreciation still looks to Clip the 78.20 Dynamic Magenta “Range Resistance”, and move towards 78.50’s through the “Confluence” Resistance/Uptrend Line/ Weekly 50% Fib Variant of the Weekly July2008 Downleg. 79.90 acting as Dynamic Support may provide Buoyancy for the rest of Today’s Session, as Accumulation may begin going into The Weekend.

Of course…I will return with more Updates as The markets deal with moving into The Weekend and the parallel Volatility from “Quadruple Witching” in The Equity Options, Index Options, Futures, and Futures Options that we mentioned briefly on one of Wednesday’s Posts!

I hope to see Everyone Soon as we move along!