Greetings again, Everyone at The Close!
The Dow and S&P 500 cross positive Territory with nice and consistent Gains on the back of Equities Appreciation, and talk of The CIT Bankruptcy not coming to fruition as Bond Holders “give up the ship” of 3 Billion in a Bailout.
The Dollar gets edged out by The Euro as we see about a 6-Week Low in the 1.4240’s, and on The Indices side, The S&P looks to 6 Sessions of Appreciation with the 956 Resistance-Area in View.
Here is The Capture, so give it a Click for reference… as our “Higher Equities/Lower Dollar and Yen Correlation” is Intact.
Post-Time is about 1 Hour after The NYSE Close at 21:00 GMT.
We now look to The Aussie since we checked in with Aussie Yen earlier in the Day… considering the Gold Correlation here is keeping both Units rather Well-Bid.
Here is The Hourly so give it a Click for all of my “Transitive Rollover” Areas that will take place and come to fruition in strongly-trending Climates. Price looks for a bit of Consolidation now, and any Clip of the .8190’s/.8200 Handle will provides even one more Transitive Rollover to add to our View here!
The Minutes due out of the MPC should offer no real “surprises” in Sentiment and text… as The RBA is, in my personal View, one of the most “effective” and fiscally-responsible Central Banks out there.
Speaking of The Commodity Currencies, I will have The Canadian Dollar for tomorrow’s “Big Blog” Post, since we have The BoC Rate Decision at 13:00 GMT… so I look forward to seeing you then… as well as later this evening at 6:30 GMT for the “Currency Majors Technical Perspective” Report to get our Tuesday on it’s Way!
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