I know it has been a while since I provided an update on the currency market, but outside of the Japanese yen, there has not been much to highlight. After a tough trading environment in 2012, it is nice to have a clean slate to start 2013, so let’s see where we might have some immediate trading opportunities. The US Dollar Index looks like a screaming short to me to start off the New Year, which hopefully should bode well for risk assets and a strong January for equities. As you can see in the two-year chart below, the US Dollar Index is basically forming a large head-and-shoulders topping pattern. For over a year, ... (full story)