Let's recap the week's gentle rumblings on FX from policy makers. US Treasury Secretary nominee Janet Yellen said the US would adhere to market-based determinations of FX rates in her confirmation hearing Tuesday. Never mind that record-breaking QE is outright manipulation of the bond market and
indirect FX intervention. On Thursday, ECB's Lagarde was silent on the euro's direction, while warning of double-dipe recession in the Eurozone. On Friday,
USD reversed the week's course to rebound against all major currencies, save for EUR. So what do we make of the
inv H&S in DXY? Below is Friday's Premium video, highlighting the
technical rationale for the latest trades on XAUUSD, EURUSD and EURNZD.