@QW - EURUSD has fallen out of the diamond consolidation... Commodities esp oil and silver are trading heavy in euro session going into NY session. I guess traders are not optimistic of today's FOMC meeting.

As for the yen crosses, USDJPY is about to test and break above 78.30. That will give permission to challenge 79s as the breakout continues to gain momentum.

Keep an eye on AUDCAD - 1.0650 is a formidable barrier and has rejected bulls since Oct 2011. Today's test and failure to break above is giving bears conviction to slaughter the bulls. Time is running out for bulls to break with barrier which if not broken will likely form a monthly double top.

FOMC comes and goes, Fed to keep ultra low interests till 2014 hinting on QE3.0 - USD carry trade to continue at cheapest rate. This kills the dollar bulls and gold & silver immediately vault - rip off ur face

The USD will get hammered as this sounds dovish, but seems like the feds are gearing for a disorderly euroland debt bomb. The euro continues to rebound, but I'm still skeptical esp since it's likely portugal maybe asking for another bailout soon.

Something weird though after all this USD hammering is oil has not vaulted. Very weird... Mixed signal this.

usd/cad finally broke out from months and months of consolidation

Monthly: This cross is a big driver of USDX fluctuations, impacts EURUSD short position.
its a powerful bull flag forming on euro/gbp