Forex Pros Blog

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Greetings again, Everyone!

We see continuing Pressure on the U.S. Dollar Across The Board, as the Credit Downgrade Concepts keep digesting in The Markets… as well as continuing Outflows out of the U.S. as a whole.

Gold regains Its “Safe-Haven” Assets Status, as the World looks to hard Assets with the U.K. and U.S. feeling the “Reputation” of that Low-Limit/High Fee first Credit Card you had back at University 20 Years ago!… hee hee hee…       ;-)

While this “Stigma” should and will “Fade Into The Sunset”… The Dollar Index looks to Clip the coveted “80″ Handle in the Interim.

 The Fiber remains in Its clear Uptrend, as we check for Consolidation and Muted price Behavior as we move later in the Day and to our Week’s Close.

Here is the Hourly View, so give it a Click for various Levels of Reference and Commentary.

Post-Time is 15:20 GMT.

 I will return with you later in the Day, as we monitor and Muted and “Slowing” of Price Action… as well as a check on the Dow and S&P 500 Indices moving to… or at… their Closes!

Please feel Welcome to join me then!
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