USD selling continued for the majority of yesterday’s session. EM & commodity currencies have been a primary recipient to inflows. USDTRY sank to 1.7862, while USDRUB gapped lower at the open and proceed to fall to 30.1811. The impetus seems to be the residual effect of the FOMC meeting where Mr. Bernanke announced it would be nearly 3 years before hikes (he also indicated that selling of…

Spot Light Crude ($WTIC) surged above 100 in the second half of December and then formed a falling wedge in January. A decline in oil is unusual because the Dollar is down over the last few weeks and stocks are up. A move above 102 would break wedge resistance and signal a continuation of the December surge.

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The yield curve is available at StockCharts.com with the Dynamic Yield Curve tool. This nifty Java application not only shows the current yield curve, but it can also be animated to show changes in the yield curve over time. Notice the options just below the yield curve plot. Click "animate" to see the yield curve change over time.

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The chart on the right shows the S&P 500 over the last eight years. The vertical red bar shows the current position (date). Users can click on the S&P 500 line chart to move the red line (date) and see the yield curve at a specific point in time. Hint: click in the middle of 2006 to see a flat yield curve.

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