I was hoping to add some context with these charts tonight, but will likely have to settle for tomorrow. We still don't have any power from Irene and I don't expect it back anytime soon. I snuck down the road to a power friendly neighborhood to upload.
I'm powerless - as well as the euro here to the downside. The ECB however has considerable strength to work with from a currency perspective - the polar opposite of our Federal Reserve.
More to come in this line of thinking tomorrow.