The FOMC meeting minutes are out of the way. The Fed isn't going to raise rates until next summer. The Fed funds future points to a half a percent raise, which will still keep the rate far below the rest of the world for much of 2010 and even well into 2011.

Therefore, we are back to "beat up the greenback" mode and USD will continue to weaken in coming months/years. Except for the fact that the FX majors like EURUSD will follow the stock markets until end of december. So, look for Nasdaq/DOW/SP futures, follow Libors and pick the direction of your trade.

Remember, Always choose your short term trade in the direction of the long term trade! Never bet against the long term trend. It is ok to let go of some possible winning trades because there are always thousands of other better opportunities, but not ok to make a speculative trade against long term trend.

Happy Trading!