Good Morning,
Quickly to the fundamentals and then let's get some technicals in play!  Retail sales better than expected as are the early earnings reports. Maybe the market was expecting softer earnings due to lackluster economic performance. Regardless, so far, the markets are enjoying the reports and we are right back at old highs in the overall markets:

Past performance is not indicative of future results
Since we are somewhat in a range, why not look at another rangebound ETF, USO:

Past performance is not indicative of future results
If equities move through their highs, will USO go through this resistance line?
Moving to currencies, yesterday, we had a DOUBLE FALL LINE TRADE in the EUR/USD:

Past performance is not indicative of future results
Looking at the bigger picture in the EUR/USD, are you bullish or bearish here:

Past performance is not indicative of future results
Moving onto the GBP/USD, will we see a DOUBLE FALL LINE TRADE if equities hit resistance and roll over?

Past performance is not indicative of future results

Regardless, it is pretty clear that the USD does not fare well when equities turn to the upside.
Happy Trading, Invest Intelligently and Be Environmentally Cool
Coach Brian

Forex trading is one of the riskiest forms of investment available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose.