November 11, 2009, 7:00 am ... The Standard & Poor's 500 index futures up 9.40 to 1101.30, as the Chinese government said the slump in the country's exports eased last month as industrial output and retail sales rose sharply, with inflation still tame. Together, the figures showed China's economy, with the help of massive stimulus spending, would meet or surpass this year's economic growth target of eight percent. Adding to positive signs in Asia, Japan's core machinery orders, a closely watched indicator of corporate capital spending, jumped 10.5 percent in September, marking the second straight month of gains.... The benchmarks in Britain, Germany and France rose nearly 1 percent and will give the S&P index a "heads up" for further gains.... Crude oil for December delivery is down 12 cents to $78.93 a barrel at in electronic trading on the New York Mercantile Exchange. Oil has moved from $32 a barrel since December, and Dartline expects the upward trend to continue to close at yearend at $100, as prices continue to be driven by the dollar and sentiment. Indeed, the dollar is under pressure in European trading hours after a top U.S. Federal Reserve official declared that authorities won't step in to boost the buck unless its decline became "disorderly, which means -- look for a further decline of The ten percent. In a speech late Tuesday, Federal Reserve Bank of Dallas President Richard Fisher said he is aware that the Fed's current stance of keeping interest rates low for an "extended period" was denting the dollar. Moreover, traders have seized upon the implication that Fed officials do not see the dollar's decline as disorderly at this point, triggering a fresh wave of dollar selling Wednesday. Dovish comments from three other Fed speakers Tuesday also supported the move and contradicts Geithner's noise to defend the greenback. The market shrugged off his comments, supporting the view that it is the Fed, not other officials, that has control over the currency for now.... The Australian dollar, one of the key high-yielders in the G10 space with interest rates at 3.5%, rose to a fresh 15-month high at US$0.9345 from the US$0.9310 area. Meanwhile, gold added $11.3, or 1 percent, to $1,113.8 an ounce, a 15 month high.... Standard & Poor's 500 index futures are currently above 1095, which keeps intact the near term test and follow through to 1112. A breakout would warrant increasing investment allocation to the buy side with 1166.36 as primary mid-term resistance. Change support to 1044.80 from 1025.19.