The News Review:

- Ignore the noise long term
- FOREX-Dollar eases risk aversion ebbs as stocks rise
- FOREX: Ringgit May Weaken Next Week

Ignore the noise long term
Forex Hound NY 
Brian Dollan from Forex. com (who actually writes quite a sold weekly newsletter) states "It seems that without recurring government initiatives markets are unable to sustain rallies which is to be expected given the unfolding global recession. " "Without recurring government initiatives markets are unable to sustain rallies. " — why? Because we are still in a contraction phase of the business cycle. For me at this time the thing to do is watch those monthly charts and watch the economic data.
Related from Investingmonster: Investing for the real long term

FOREX-Dollar eases risk aversion ebbs as stocks rise
Reuters 
DXY * Firmer shares reflect easing risk aversion * Recession fears remain seen dlr yen supportive * Mumbai attacks unleash geopolitical fears (changes dateline byline adds quotes updates prices PVSTOKYO) By Veronica Brown LONDON Nov 28 (Reuters) – The dollar lost traction againstmajor currencies on Friday as a slightly brighter environmentfor shares reflected a pause from the recent rush to cutexposure to risk. World stocks as measured by MSCI’s all-country index havegained 11. 6 percent so far this week with investors steppinggingerly into the market. But the dollar and yen major beneficiaries of deleveragingflows still looked to be well supported going forward as fearsover the length and depth of a global recession kept investorson edge. “The phase of dollar strength that we’ve seen since thebeginning of the crisis seems to be going through a pause in thecontext of a slightly better stock market environment” saidAudrey Childe-Freeman senior currency strategist at BrownBrothers Harriman in London.

FOREX: Ringgit May Weaken Next Week
Bernama Malaysia 
“The ringgit will slowly depreciate next week and may breach the 3. 63 level against the US dollar” one of the dealer said. Meanwhile Bank Negara’s announcement that Malaysia’s forecast growth for the year would remain at 5-5. 5 percent will lift the ringgit in the medium term a forex analyst said. On Friday Bank Negara governor Tan Sri Zeti Akhtar Aziz also said the ringgit had remained stable against most major currencies despite heightened de-leveraging activity. “In the medium term the ringgit can be supported by our strong fundamentals an increased account surplus and prospects for growth” Zeti said. Early in the week the central bank at its Monetary and Policy Committee meeting decided to reduce the overnight policy rate (OPR) to 3.