The hidden agenda of currency dispute.

The Obama administration says that China's undervalued currency, the yuan, contributes to strains in the global economy because it gives Beijing an unfair trade boost by making Chinese goods cheaper in the U.S. and elsewhere. Meanwhile, emerging economies like Brazil blame both the U.S. and China for keeping their currencies weak.
At the heart of the problem is the huge gap between the United States, which buys far more than it sells to the rest of the world, and developing countries, such as China, which are running big trade surpluses.
Southeast Asia, made up of export-reliant nations are now giggling at their high currency value which have made their goods less competitive. Some governments have expressed concern that lower U.S. interest rates will result in more money flooding into their markets seeking higher returns, pushing up exchange rates and hurting exports by making their goods more expensive. Expectations of the Fed's move also contributed to weakening the U.S. dollar, adding to global currency tensions.
Tracking the Dow,Friday 5th November 2010.
Today is the Diwali Festival(Deepavali),Indian New Year celebration.

9:30am:--Bearish 20.0 points gap down opener.A surprising surge in October nonfarm payrolls announced.
10:30am:--A dragonfly doji in a bullish pair.After pulling back from earlier high,a second technical rebound.
11:30am:--The Republicans win control of the House of Representatives and the Federal Reserve announce it would buy $600 billion in additional bonds.Graveyard doji and a bearish engulfing.
12:30noon:--A morning session low being set and bullish engulfing lifted a rebound to the MAV resistance line.
1:30pm:--Weak bull at the MAV resistance,three bearish crows swiped on the bulls.
2:30pm:--Another new low of the day,followed by a technical rebound with inverted bullish hammer.
3:30pm:--Attempt to rebound to the MAV resistance failed.Profit-takers are on hand.
4:00pm:--A last minute spike up dressing,very fictitiuos.
U.S. stocks rose slightly, extending their climb to fresh two-year highs as investors were encouraged by a report of stronger-than-expected job growth for October.
A spinning top was formed on Friday and any pullback will be within Thursday upper half body candlestick.
The Federal Reserve is poised to allow healthy banks to increase dividend payments for the first time since the financial crisis.