Lots of speculations have emerged in the recent days containing the market sentiment telling stories about the greenback outlook after Obama's winning of another presidential period for years to come by God's will.

The greenback has got use of these stories which refer to tendency to taking a safe haven stance putting pressure on the equities markets as it is expected now to have the same solid underpinning stance by the fed with Bernanke after 2014 when he finishes his current period which watched unprecedented way of supporting the economy by fuelling the purchasing power in the bond market till we have faster pace of recovery and stronger positive signs from the housing and labor markets as he has announced.

After last Friday optimism of US non-farm payrolls figure of October which came at 171k while the market was waiting for 125k and also the upward revision of September figure from 114k to 148k which came supporting the greenback, The British pound is still able to have its feet over 1.6 versus the greenback while it is still keeping the tries to go up versus the single currency pushing it down to be traded versus it around 0.8 psychological level with the market expectations of having new adding to the current Stg375bln BOE assets purchasing plan are easing down as the economy has given good sign in the third quarter could be reliable in the future as UK GDP rose 1% q/q unchanged yearly, while the market was waiting for contraction by 0.5% y/y and growth by 0.6% q/q thanks to London Olympic games.

While the comments which are coming from the EU Summit are showing that there is no banking recapitalization before the banking supervisory which is outlined to be started later in 2013 until now and not in the beginning of it as the Germans are trying to show, the single currency has managed to ease back further with no new news out of the EU Council meeting can refer to a change of the Spanish stance which is looking solider than before denying the need for bailing its banking sector right now and the single currency is trying now hardly to close the week above 1.30 psychological level versus the greenback which is still trying to add more gains in the beginning of the US session after its ability to hold yesterday gains across the broad with persisting of the risk aversion sentiment which could contain the market sentiment following yesterday drop of google stock by nearly 8% because of its unexpected weak Q3 earning report to drive its stock share of profits down to 9.03$ from 10.12$ in the second quarter while the market was waiting for rising to 10.66$.

This week dovish market sentiment is still persisting supporting the greenback versus the single currency which has been hit again by a new credit rating downgrading of Spain by S&P this time following Egan Jones to be BBB- with negative outlook.

S&P based this downgrading on the well-known pressure on the Spanish economy commonly but the market has seen in the hidden reasons of delaying the Spanish official request for bailing out its struggling banking sector another excuse for selling the single currency accumulating worries about its financial situation outlook.