Greetings again, Everyone!

A brief Update about 10 minutes ahead of the NYSE Open… where we see Equity Futures down in the  - 140.00’s Areas… giving us clear Indications of Yen Crosses Correlation,  and Yen and Dollar Strength in the Immediate-Term.

As we have discussed in many instances lately… The markets show their Inherent Uncertainty and Fear by literally relying on any  Data Point, Rhetoric, or Event that comes Its’ way… and the concern with the Swine Flu situation globally is not an exception to this “Rule”.

Massive “Short-Covering” across all Markets certainly gave additional Buoyancy for “Selling-Into-Strength” Concepts to fuel the Risk-Averse Behavior.

Let Levels on our Fiber and Euro Yen Units are in View, so let’s take a look at the Hourlies… give the Captures a Click for Commentary, and Post-Time is 13:20 GMT.

 Of course… I will return for more Updates as we monitor the Climate…and see if any Consolidating Behaviors begin to slow the Directionality that Risk Aversion is bringing us!

Welcome to a New Week, Everyone!

We continue with “The King of the Currency Markets”, The Euro… as we observe “cautious” Consolidation in Price Behavior, while it’s Cross, Euro Yen, deals with Yen Strength in the Immediate-Term of the Sydney Open on Sunday.

As we spoke of yesterday morning in Sunday’s Post, The Euro Itself is facing Macro-Pressures on many levels in looking out in the Near-Term to Trichet and the ECB… and out in the Longer-View considering maintaining the Cohesion of the European Union as an Entity.

Some of my larger Thoughts were elaborated on there, so we will not re-visit them here…. so lets get right to the Units.

The Euro looks prepared for a couple of Scenarios in the Immediate and Near-Terms moving forward.

On the Daily View… the current larger Downtrend may  look towards a massive Double-Top Formation if Price can violate the 1.3270’s Daily 200SMA and remain buoyant above this Area on this Time-Cycle.

If we find significant Failure here… then we may use the Hourly View to “pick-up” on where we may find Depreciating Levels.

Here are the Captures, so give them a Click for Commentary as always… and we will bring in the Euro Yen Hourly as well.

Post-Time is 2:45 GMT.

Of course, we will check in for Updates and also bring the other Crosses back in as well… considering subtle Dollar and Yen Strength as of this Post…

 Please join me around 7:00 GMT, as always, for the “Currency Majors Technical Perspective” Report, where we can drill down to even more of an Immediate-Term View with the Euro as part of the Four Majors!

( Link should be active after 7:00 GMT… )

Greetings again to All!

With our last two previous Posts/Updates…we have simply seen Price Succession as we have moved from the Asian-Pacific Sector into the U.S. Session over the last 12+ hours now….as we favor this continued Strength in the Immediate-Term.

The Yen Crosses have behaved in “Classical Textbook” Fashion in terms of  Price Formations and Corrective ease… as various Flags/Pennants are under formation on the IntraDay Hourly Views.

On the Macro-Term… our old friend, “Rhetoric”, appeared once again out of Japan indicating no real interest in any sort of “new” Global Currency, as Japan has no interest in changing the “Status Quo”… and they do not wish to discuss the Issue at next week’s G20 Conference.

This, on the back of strong PCE and Michigan Sentiment… gave the Dollar and Yen Bulls some “Catalysts” to continue Corrections against their recent Weaknesses.

Here are our Hourlies again, so give them a Click for Commentary.

Post-Time is 16:10 GMT.

Have a fine weekend, Everyone and as always… I will be with you again for the Sydney Open Sunday afternoon ( my time) !

Hi Everyone!

Our Update gives us a 9-hour jump from our previous Post, so let’s check in on our “Correlation Theme” Ideas for Euro, Gold, and the Dollar.

EUR/USD does, indeed, keep up it’s bearish momentum and falls back into our larger Daily Channel”.

Here is the IntraDay Hourly View…

Give the Captures a Click as always… and Post-Time is 11:20 GMT.

Now… our Gold/Dollar Marriage appears “subdued”… as we have Dollar strength in the near-term… with Gold weakness in the near-term, as can be seen on the Gold Views below.

“Ideally”… Gold and the Euro should run with high correlation… and while we appear to be doing so these last few hours… we just may see Gold continue on as long as this whole Institutional situation with the Banks, Nationalization, etc. continues along.

Despite what we are seeing in the near-term of the last few days… Yen weakness… Gold rolling… Crude picking itself up off the floor a little bit….. Risk Aversion is still very much in the air with the “Sentiment” of Ineffectiveness of Global Policy.

Let’s check in after the NYSE Open…and see where Equities come into the picture and jockey our Friends around a bit…

An update, everyone!

Our Turkey seems to be insatiable before the Thanksgiving Holiday…I guess Durable Goods was not enough for his appetite!

Running away with New Home Sales at the worst levels since 1991…he has plenty of new construction to gobble up, doesn’t he!

New Home Sales off a good 20K since last month, down to 433K units sold.

Our macro Indexes…Chicago PMI and Michigan Consumer Sentiment clock in at 33.8 and 55.3 respectively…indicating the overall economic “contraction” continues on its’ destructive path.

Clearly today’s Data Points are simply more verification of what we already know…that the United States economy as a whole is still in dire straits…hence Global economic health is moving right along with it.

Our Turkey may go to table tomorrow…but with these Numbers today…He may continue to eat in the “afterlife”…