The US dollar remains sensitive to moves in Dow Jones Industrial Average.

For the past six weeks, the euro has been more or less unstoppable in its rally.

G7 officials repeat their commitment to maintain a steady Japanese yen.

While most of the major currencies have become firmly anchored to broad-based trends in risk sentiment, the British pound has stubbornly refused to fall in with the heard, opting to remain preoccupied with relative monetary policy considerations.

The Australian dollar finished the week roughly unchanged versus the US dollar, but the commodity-driven currency continues to trade near record-highs on similar strength in raw materials prices.

The strength of sterling and the euro underlines the fact that the US dollar is not showing any safe haven behavior.

If the economy really is recovering, the Fed will be able to back off from money printing. Stocks, gold, commodities -- everything should go down.

Clive Corcoran would expect to see the bulls try to regain control of the agenda while the energy/metals complex is taking a rest.

The feds spend more than they "earn" in taxes – almost 100% more. That gives them only two choices -- borrow or balance.

S&P 500 futures have been sliding since Monday's market closed. If price support in the 1300-1310 region were to be taken out today, then Clive Corcoran would be targeting a potential retest of the 1280/5 zone.