The News Review:

- US Pre-Market: Forex Pairs Spinning Wheels. Trend Chart Analysis.
- Forex – USD Under Pressure as Stocks Rally
- FREX-Dollar up vs yen on stocks Japan official’s comments
- Citigroup ffering Mobile Forex Tool
- Forex and Economic Analysis by Lloyds TSB
- Morning Forex verview – May 20 2009
- Forex Market Update: US Dollar Japanese Yen Bounce Back Against …

US Pre-Market: Forex Pairs Spinning Wheels. Trend Chart Analysis.
International Business Times
” TeamLFB members said. “utside of that every major pair is sitting very close to its neutral pivot point line; an idication of indecision in the forex market today. “”Global equity markets have moved higher but as yet that has failed to weaken the dollar. S&P Futures are close to the high of Tuesday’s Wall Street trade while oil holds $60. All-in-all a negative Usd day that as yet has failed to follow through. “”We saw in the Asian session overnight that dollar buyers are few and far between at the moment.

Forex – USD Under Pressure as Stocks Rally
Forex Hound
invoke(this “ajaxCall” {c:cf:fa:a});};. Risky assets recovered sharply yesterdayafter last week?s bout of selling. Sentiment received a further boostyesterday as media reports suggested that US regulators decided toallow banks to just to repay the TARP funds rather than requestinggovernment approval.
Related from Work-at-home-business-zone: US Stocks Rally Continues As Financials Consumer Cos Pace Gains

FREX-Dollar up vs yen on stocks Japan official’s comments
Reuters
The safe-haven yen rallied sharply last week with thedollar losing 3. 8 percent — its biggest weekly drop since lastctober — as optimism over the global economic outlook fadedfollowing weak data in the United States and Europe. “Basically the MF put the market on notice that theydon’t want to see yen appreciation beyond 95 to the dollar”said Brian Dolan chief currency strategist at Forex. com inBedminster New Jersey.

Citigroup ffering Mobile Forex Tool
American Banker (subscription)
is offering a mobile version of a foreign exchange trading service for currency traders. The New York company announced the availability of CitiFX Pro Mobile which uses the Internet browsers on traders’ handsets on Tuesday. In March of last year it introduced a version for use on personal computers.

Forex and Economic Analysis by Lloyds TSB
Forex Hound
invoke(this “ajaxCall” {c:cf:fa:a});};. They are expected to underline the predictions in last week's Inflation Report of the persistence of a large negative output gap and hence deflation risks thus resulting in annual inflation undershooting the 2% target in the medium term.

Morning Forex verview – May 20 2009
Forex District
Stock price movements have been soft in Asia so far also helping boostthe Japanese currency dealers said. The yen usually benefits from falls in stock pricesas they make players less willing to take risks and buy the safe-havenJapanese unit. Elsewhere the euro fell against the dollar and yen as stock price movements decreased players’.

Forex Market Update: US Dollar Japanese Yen Bounce Back Against …
Daily FX
4pt;mso-para-margin-top:0in;mso-para-margin-right:0in;mso-para-margin-bottom:10. 0pt;mso-para-margin-left:0in;line-height:115%;mso-pagination:widow-orphan;font-size:11. 0pt;font-family:”Calibri”"sans-serif”;mso-ascii-font-family:Calibri;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:”Times New Roman”;mso-fareast-theme-font:minor-fareast;mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin;} The JPY gained ground during the Asian session partly aided by the GDP number which though poor at -4% for Q1 was better than expectations of -4. 50 from opening levels around 96.