Article Summary:
We have continued on with a Deep Risk Appetite Sentiment, as the Dollar and Yen Weakness continue with the FOMC Minutes certainly not helping “The Cause”. The “Downgrading” of GDP… “Upgrading” of Unemployment…
Article Content:
Greeting once again, Everyone!
We have continued on with a Deep Risk Appetite Sentiment, as the Dollar and Yen Weakness continue with the FOMC Minutes certainly not helping “The Cause”.
The “Downgrading” of GDP… “Upgrading” of Unemployment… Rising Treasury Prices on Fed Purchasing… as well as the Euro and Pound hitting fresh Multi-Months Highs are Criteria that are certainly removing “Safe-Haven” Inflows from The Dollar.
The “Tentative and Uncertain” Nature of the Minutes are “Classic” Fed Speak in my personal View.
The Spin Doctors are Hard-At-Work here with Negativity and De- Stabilization, mixed at the same time with “Basing” and “Bottoming” Rhetoric on Housing, Quantitative Easing, and other Sectors and Measures moving forward.
Politics as usual in my personal View! 
The Queen continues to be the Star of the Day as She Clips the massive 1.5750’s Static Daily Resistance Area.
While ALL of this may be overdone and over-extended in this Climate with ALL Currency Units from an IntraDay Perspective… We simply have to work with what We actually See… It is what It Is… so we accommodate our Views to it.
A Corrective Pullback on Cable still eyes the 1.5450/30’s Congestive Areas of Accumulation… and if this is Breached to the Downside, deeper Corrections to the 1.5270’s may be In Play in the Mid-Term.
Here is the Hourly View, so give the Capture a Click for Commentary.
Post-Time is 19:15 GMT.
I will return in a few Hours with the “Big Blog” Post for tomorrow, so stay tuned as we see the Asian-Pacific Sectors certainly “Pick Up and Run” with the current Bullish Momentum Drive across most Markets!
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