G7

Changes in the G7 language regarding the volatility in the currency market, stability of financial markets, and the global economy were not enough to sustain a USD rally. The US dollar strengthened against the other majors but it was short lived.

What is the reason for this? Though the G7 changed the language, the markets believe there's not much behind the words. The G7 called for more investment bank self-regulation and higher capital requirements for banks. Of course the banks balked. We are now pretty much back where we started with the majors.

Not a problem, easy money with currencies filling gap from the weekend. Keep it simple stupid. K.I.S.S. that is the key to forex, and one of my favorite bands. Happy trading!