Currency Futures--- The Dollar Index was slightly lower this Friday afternoon trading below its 20 day moving average but still above its 100 day moving average hitting an 8 week low after settling last Friday at 82.57 down 40 points for the week as the Federal Reserve stated a couple of days ago that it will do whatever it takes to spur the economy which means more money printing and that is why you seen weakness in the dollar and tremendous strength in the S

Currency Futures--- The Euro currency this afternoon in Chicago is up 85 points currently trading at 1.3095 trading above its 20 day moving average but still below its 100 day moving average which stands at 1.3188 hitting a 4 week high with absolutely no chart structure as prices have surged about 300 points in the last 4 trading days as investors somehow feel confident going back into European banks despite the Cypress debacle.

Japanese Yen--- The Japanese yen is sharply lower again this Friday afternoon selling off another 100 points and now has sold off 500 points in the last 2 trading sessions all because the Bank of Japan has unveiled changes to its monetary policy looking to achieve a 2% inflation rate within a two-year span with the combination of doubling its purchases of government bond holdings and combining  bond programs to allow the government to buy all of its

Japanese Yen--- The Federal Reserve kept interest rates unchanged this afternoon sending the foreign currencies higher across the board today except for the Japanese Yen continuing its strong bearish trend and I have talked about on many of my blogs stating that I remain bearish while it’s still trading below its 20 and 100 day moving average down over 100 points today to close around