Wednesday 25/01/2012 8.30 PM GMT

The Fed has pledged to keep rates low until at least 2014 to help the US Economy and this has encouraged some buying of risk assets and risk currencies and the Euro IS back above 1.30 after falling earlier in the day.

The Euro rally is just at 1.30 but this is really short covering as we have a record net short speculative position as we noted in our reports at the weekend but the rally looks set to stall here and the dollar will regain its upside momentum.

Monday 23/01/2012 2PM GMT

European stocks hit their highest level since early August on Monday, with euro zone banks gaining sharply following a report that France and Germany were calling for a relaxation of global bank capital rules to prevent a credit crunch so there's a crisis in the global economy and stocks are on the up but not for much longer and the Euro rally also looks close to an end.

Sunday 22/01/2012 2PM GMT

The Pound hit a two-week high against the dollar on Friday, extending gains into a fifth straight day and we are now we think near an end to this rally on the Dollar but we remain bullish of Sterling on the Euro...

Sunday 22/01/2012 2PM GMT

The Euro is going down long term but short term we have some strength but long term were going to 1.20 or lower and one of the main drivers of the down trend will be the liquidity injections which the ECB is providing to banks...