Welcome to a Lovely week Again - So much to see this week.

Welcome Everybody to a Lovely week Again.
There is so much to see this week.

This week We eye for 686.18 - 76.4% Retracement Level.

We have a Big Meeting on 19th as well, a Strong Signal for FED PAUSE Or Hike.

Risk are that Bernake could hurt USD this week after a Strong strength last week.

USD did recover at the beginning of the month from the sell-off that came on Payrolls, but this week Bernake Sticks to guns, stresses Fed is Data Dependent.

As Bernake reviews recent data, he will, as he's already done, "point to the moderation of economic activity and that some market based measures of inflation expectations have also eased recently.

Big Complication is JUNE CPI due out few hand.

Overall risk is anything but confirmation of August hike will be taken by markets, looking for guidance fix, as dovish, may thus weigh on USD.