We have yet to see any market reversals just yet, and the USD is back under pressure against most of the major currencies, with the latest surge led by demand for Eur/Usd which has now broken to yet another fresh multi-day high.

Wednesday’s trading session was rather disappointing with the major currencies mostly confined to some consolidation.

Quite often, it is the times that investors least expect it, that the markets will once again shift and assume a different course.

FXstreet.com (C�rdoba) - Currencies linked to commodities have become under pressure; the Aussie was holding its gains pretty well against the Japanese Yen until the end of the American session when stocks slumped on Bernanke comments.

Now inUS session you may see all currencies showing negative net change from yesterday close level as explained during Asian session: Live market analysis webinar today.This is how the players handle the crosses - Numerator  currencies making USD gaining moves and  denominator currencoes making USD losing moves - ultimately a strategy to handle crosses - when traders think of bullish and bearish markets.

Players are expected to continue the slide tomorrow in all with delayed swings and slides

Regards

Dr.Sivaraman