First we have seen the critical breaks towards risk aversion. Then we saw the emergence of momentum behind the deleveraging. Will we graduate to the next phase: panic?

There are many comparisons being made to current Euro-region market conditions and those back in the second quarter of 2010 when trouble just started brewing for Greece.

Though the benchmark currency eased back into the final 48 hours of this past trading week, the dollar nevertheless posted another impressive run through the entire period.

The Dow Jones FXCM Dollar Index put in for its first two-day bearish performance in three weeks Thursday and Friday, but this was more a technical development than a trend change.

An educational perspective on market reactions over the past week, and a peek forward in to next week.

WHAT’S HOT?

Greece’s Do-Over

Currency trading with the greenback

US dollar is faltering in forex trading on the currency market today, heading lower as risk appetite makes its appearance. The upcoming Facebook IPO is boosting the demand for riskier assets, and many investors are ignoring Europe for the time being.

Loonie heads higher in currency trading

Canadian dollar is getting a boost in forex trading on the currency market today, heading higher on better economic news, and higher commodities.

US dollar gains in forex trading

The latest jobless claims in the United States are showing stagnation. They remain flat, indicating that the jobs market has a way to go before it is anything but lackluster.

Euro in forex trading

Euro is struggling in forex trading on the latest concerns out of the eurozone. The 17-nation currency is having difficulties as concerns about sovereign debt continue to plague the eurozone.