USD Gains Extra Wind!

With a windful Jobs report; the USD has found that extra lift moving above the 80.05/10 closing price @80.27 and opening with a minor gap @80.33 in the early trading sessions. A narrow trade deficit was apparently expected with the USD nearest it lowest levels that likewise have held strong still above the psychological price benchmark @78.80. Entering into earning season for the third quarter, the DOW continues its rally, expecting minor trend corrective moves after breaking through the 17K levels.

The DOW's stellar moves have been a significant sight to watch where the DOW's corresponding price levels contributing to lift our ProShares Ultra DOW30 (DDM) @122.86 and DIA @170.47 positions to its highest levels at the closing of the week's trading. Thus, today's corrective move is expected with the higher opening of the USD and a short-lived session correction lower at the European sessions. The Euro's decline was a reaction from the weaker manufacturing data coming from Germany on top of the USD move that spillover to the EURGBP cross rate to follow-suit.