Guide to Investing

The Yen crosses, notably the AUDJPY, show characteristics that are consistent with significant tops.

Fitch took ratings actions today on six Euro-zone sovereigns. While Ireland had its ratings affirmed, Fitch downgraded Spain, Belgium, Italy, Slovenia and Cyprus.

The dollar continued its descent towards Key Fibonacci support in North American trade with the Dow Jones FXCM Dollar Index off by nearly 1.3% on the week. Here’s what to watch as we head into the close of the month.

U.S. consumer sentiment in January climbed to its highest level since May, with the University of Michigan Confidence survey advancing to 75.0 in January, reflecting a boost in household sentiment.

In what appears to be shaping up as a day of consolidation, the Japanese Yen has outpaced the rest of the majors. This is the first move towards a new all-time low in USD/JPY.

U.S. economy accelerated at the fastest pace in more than a year and a half in the final three months of 2011, sending the U.S. dollar higher than other currencies.

Positive developments coming out of the euro-area encouraged risk-taking behavior on Friday, but the rise in market sentiment may be short-lived as the outlook for global growth deteriorates.

The USDJPY has come to life and the patter over the last 6 months suggests that the next big move is lower (to record lows).

The gains in the currency market over the past few weeks have been impressive, but ultimately they are still classified as corrective and the US Dollar will once again emerge…

Crude oil and gold prices are poised to advance as US economic growth accelerates to the fastest pace in over a year in the fourth quarter.