Hey everyone,

As Forex traders we all know analysis is key to success in the Forex market. I have a question & I would like to get everyone's take on it, do you rely on your own(independent) analysis, automated analysis such as a robot or a combination of the two?

Thanks in advance for your reply

The dollar was last up 1.6% at ¥89.60 and the euro was down 0.9% at $1.4950 after falling as far as $1.4913. Earlier it hit a session peak of $1.5091. The pound fell 0.1% to $1.6581.

Recently, expectations that U.S. interest rates will stay ultra-low for some time have encouraged investors to use the dollar as a funding currency to buy riskier, higher-yielding currencies. The Fed has signaled intentions to keep U.S. rates low well into 2010.

Last week, the dollar hit a 14-year low at ¥84.82 but the Japanese currency has fallen steadily since the Bank of Japan on Tuesday announced extra liquidity-boosting steps to fight deflation.