Tuesday, June 30, 2015

Market Price Pullback Comparison & Behavior

The Dow's decline has been one of the worst trading activity that we have seen as a result of the ripple effects from Asia and the European markets towards the US session,. Most market declines are followed by a pause and daily session recovery which is evidenced to what te market is now doing while the US consumer confidence were good giving some relief for a session price recovery. 


GBPJPY & AUDJPY Price Gap failed to follow-suit the price action 
of a pull back compared with the Euro and the USD

Although, observing the rest of the currency pairs, the USDJPY and its correlated cross rates such as the GBPJPY (breaking a channel trend-line support) and the AUDJPY (breaking a consolidation lower) have had some difficulty to fill-in and retrace the price gaps that was created (refer to price chart comparison). Thus the liquidity levels and volume of interest to trade against the intra-day price movement have been set aside by most forex traders even on the institutional levels. This proves that trading a less interest currency pairs still has to wait for traders to shift trade positions relative to the Yen t build up momentum to cover their bases.

The market place is just waiting for the next risk event from the ISM manufacturing and once again from the NFP / Unemployment numbers expected to be favorable as well. The USD Asian opening high levels not only filled-in the price gap but continued its decline engulfing the previous days range; which we desrcibed to be top heavy in spite of the price reaction from Greece. 

 

Monday, June 29, 2015

Initial Price Reaction: EURO Overlay DXY


BRIEF COMPARATIVE ANALYSIS: EURO VS US DOLLAR INDEX (DXY)

The red line chart indicates the DXY weekly range as prices have recovered by above the 96.00 basis point with an opening gap @96.30 similar with the EURUSD at the Asian opening session @1.1005, respectively. 

EURO vs. US DOLLAR INDEX As of June29, 2015 Asian / Early European Trading Sessions

Applicable Tech Tools: Donchian Channel, Andrew's Pitchfork, MA - Exponential, Candlestick Theory, OHLC Price Range Parameters, Stochastic RSI, Price Gap Theory


EURO Opening Gap in the Asian Trading session & filling the Gap towards the European and US Trading sessions. Initial reaction on the Greece weekend report 


Such price gap would have a corrective move and or an equivalent of a pullback opposite the opening price levels, which is currently doing as of this writing. Daily session turn-overs would provide traders to recoup the price difference of the opening movements as it moves to even out losses or gains made at the Asian trading session. Expect the same volatile reaction from fundamentals as it changes every trading day in the next few days activity.

 

These price action provides a chance to get out of the area of an extended price move and resumes by the end of the period. With the daily candlestick formation is well within ts projected confined triangle technically defined pattern of consolidation thinning out at the end of the apex point. Meanwhile, the market will always find a way to move within the dame incremental range of a session and goes back to where it came from by the end of the day's session in the US market. 


This will be part of the 2nd quarter trading activity MegaTrade101 would be undertaking before our trading break by the first week of July's trading week.

Sunday, June 28, 2015

Insight ll: Preparing for Risk Event: EURO USD CABLE

Based on the current reports so far; which is given so far...what is the best case scenario for the market's reaction. Due diligence is a must for those who would be opt to take a trade/s within the next three-to-four trading days.

Preparing for such an important risk event for traders who prefer to trade the Euro, let alone a combination of trades that would be suitable is what we all need to come up with. During our analysis meeting in preparation taking a stand to absorb market price swings can only be accomplished with comparing price action before any immediate reaction not only on spot prices but relatively with futures volume and open interest and how options are being played out.

This is where the "Principles of Trading a Contagion, Contango and Backwardation Correlated Markets" should be carefully understood. A clear example of MegaTrade101 - CIPHER3 analysis; along with the recent COT report already provided how Euro shorts and US Dollar positions have unwind; where a divergent trend has occurred from previous formations. The 2nd quarter position adjustments and roll-overs would prevail post Greece which would show it true colors by then. Watch for our price calls once Asia starts trading for the week.

The primary trend still prevails in a range bound trading pattern for the Dow Jones with a few exceptions for the USD, EURO and CABLE. These are the pairs to consider when taking on the market at this point. So far the USD top heavy configuration on a tech angle would weigh on any price recovery from persistent bull players that have been encourage from positive USD sentiment reports. Thus, a synchronized price action from the USD and Dow would provide a glimpse prior to the real deal in the making. Take a cue from our previous market approach on 'Price Action Analysis' using a simple yet powerful correlation on the market as defined in Forex Trading Methodology 2 as a due diligence point of reference & analysis during the QE from the FED.

Market Price Action: Who's Taking the Lead?

The worst case scenario is expected from Greece as the ECB would not provide another extension & life line after the deadline. Besides, Greek government putting a vote on the referendum with negative advice has placed the Greece in a position for an exit. Monday's bank closure would not be avoided as massive lines would even start on a Sunday towards the early morning opening.

With that said, everyone expects the worst case scenario coming within the next trading days of next week. Which happens to be the end of the 2nd quarter trading and leaving institutions to adjust positions with an opening gap is likely to occur in the Asia session towards the next two days of trading. Volatility will increase in both directions for the European majors and the US Dollar; to say the least.

Although, the USD have made progress in price recovery, the market will dictate price action based on a fundamentally driven movement coming from the European report on Greece. The Top heavy formation on the tech angle have provided some limited recovery which is expected on a daily turn over with the three major markets.

The US Dow's performance may well be resilient in the longer term period, but immediate market reaction can not be isolated from these coming reports. Again, we remain well bid for stocks and Asian markets for now as it is weighing on the overall performance of tech and financial stocks that would carry a more positive tone for the market's performance. 

Friday, June 26, 2015

Q&A Session: Video / Audio File: Inform & Educate

In a series of Q&A; we were asked this question:

Q: What is the most effective application to use or measure a price change on a rebound or decline? And how to Project a price call?


A: There are a few effective methods to approach this kind of trading scenario that we can best be applied, namely summarized as follows:

First (2) logical steps to this approach:


1. Define the market condition on the fundamental and technical stand point. Fundamental means when and how the next risk events would affect price action; while on the technical is how the trade-setup looks in its configuration. Select best time frame between the Asian, European and US Trading session.

2. Identify benchmark price levels as price point reference for the corresponding resistance and support if prices are confined within a specific range bound price movement. Or a particular chart pattern can likewise be recognize.



Video & Audio File Version

How to Avoid the School of Hard Knocks in Currency Trading

Thank you so much, MegaTrade101 could not have gotten this far without your presence!

Just an FYI on Viewers so far from our humble beginning and the current year as of June 26, 2015. Thanks so much for your continued support and encouragement! And a lot of appreciation is in order.






Thursday, June 25, 2015

Insight: Due Diligence Across Markets!

In one of our market discussions, we came up to the conclusion as to why some traders just can't get to move on and not get tangled up with the fundamental roller coaster ride on Greece net and contagion rate effects on the market. 

Admittedly, there are a lot of market potentials on the currency pairs in the European majors. However, similar to the stock market the coming and going of reaching a Greece deal just seems to weigh on the last minute of DDay for such an agreement. Thus, price swings are just as volatile especially for institutional money managers that are trading large portions on their respective bets.

Reaching a compromise by the next couple of days nearing the closing 2nd quarter of the year would really be jaw dropping experience for most traders in particular for those who barely have a tolerable room for draw downs to sustain a floating loss without being stop-out early in the session.

 The market's correction across the board have been identified and just a matter of time would we be able to see a break on the major indices where the US #SP500 already has provided an early signal, on stocks #FB has made its run above the 88.00 levels, while the JP #Nikkei 225 has kept its trend well within the higher band of the market since April 2015. Pullbacks are healthy and should not discounted and be respected. 'HIgher lows are you key prices in the markets to watch for".

Keep an eye on these markets as we are just awaiting the end-result of the market run both in Stocks, Currency and ETFs. It's just a week's trading activity left and we should be able to see more volatile price action simply driven by fundamental reports which Central banks have taken the lead on dominating the market place.

Use all of these reports to your advantage and trading would not be as difficult as it may seem. Hard rock due diligence can be applied to determine the better trade setups to be able to 'measure rebounds and declines'.. Identify them and time the execution well. When done well, one does not have to go through the school of Hard Knocks in trading!

Wednesday, June 24, 2015

Q: What is the most effective application to use or measure a price change on a rebound or decline?


In a series of Q&A; we were asked this question:

Q: What is the most effective application to use or measure a price change on a rebound or decline? And how to Project a price call?

A: There are a few effective methods to approach this kind of trading scenario that we can best be applied, namely summarized as follows:

First (2) logical steps to this approach:

1. Define the market condition on the fundamental and technical stand point. Fundamental means when and how the next risk events would affect price action; while on the technical is how the trade-setup looks in its configuration. Select best time frame between the Asian, European and US Trading session.

2. Identify benchmark price levels as price point reference for the corresponding resistance and support if prices are confined within a specific range bound price movement. Or a particular chart pattern can likewise be recognize.

Click the link to find out!

The video version on Youtube: https://youtu.be/iKZnIAGKh2k

Q: What is the most effective application to use or measure a price change on a rebound or decline? And how to Project a price call?

Tuesday, June 23, 2015

A Quick Update on #Facebook

#FB as of US Session 23th June '15

Facebook   just went pass our objective of 85.00 and is now working above the 87.00 levels. As we said, finally confirming our price call dated 04 June'15 and surely sustaining the market strength can not be disputed. 
Again, the Stocks rise has re-aligned with the strength of the USD at this trading junction. Way to go! 


Risk On Benefits USD

DXY as June 23, 2015 Asia Trading Session

The beneficiary on risk returns is on the USD; as US stocks emerges well both sides of the continent including the JP Nikkei 225 having a full run on the market's rally. This has been our focus in Asia ever since walking through this trend April 07 and in May 29, 2015  respectively.

The uncertainty and volatility that comes with the Greece negotiations have provided the market a roller coaster ride on price swings not only for stocks including the currency market. The DXY is currently nearing the 95.05/10 mark, a critical price if and when it stays above this level with an increase in volume transactions.

Which also led the correction lower for the Euro @1.1220 and Pound @1.5725 at the time of writing. That's why the pattern for trading has become more rapid with shorter term profit-taking within a three to four days positioning which includes Asian trading sessions on a Sunday start in the US towards a Thursday Asian session which is a Wednesday in the US market.  Timing the trades within this period for short term trades; however, we prefer to have a combination for medium to long term as part of the strategy and portfolio management. 

Cable as of June 23, 2015 

Risk On Benefits US Dollar

Thursday, June 18, 2015

#Fibonacci Fan 3rd Method on USD

3rd Technical Approach On #Speed Price Support & Resistance on DXY

The tech approach selected in this case is to apply the Fibonacci Fan Speed Price Resistance / Support projected fan levels where one can find the median line have been drawn from the lowest to the highest price pint of reference. Which also includes the declining channel from the US Dollar's turning price reversal at its high levels 100.49 figure projected towards the two succeeding lower highs. 
The similarity between the Gann Square and choosing the Fibonacci as the most effective tech tool to apply has been proven time and again. It is knowing which of so many tech tools to apply is the key. Seldom does such an approach is applied on trading; due to the speed and volatility that the price action has made after absorbing the fundamental reports released. The color coordination would simplify the analysis as described on the chart.

Alternating Trade Strategies 2a


CABLE spot rates are now trading above the 1.5900 levels. GBPUSD continues to strengthen heading towards the European session into the US sessions a the back of a declining US Dollar  currently @93.73 basis point. The upbeat hourly earnings reported on Wednesday followed by a dovish FOMC statement have been the main catalyst for the market's behavior where traders have now tried to take advantage of. 

The follow-through price decline on the USD have already been anticipated that would trigger a continuation for an upturn for the European currency majors. With this move, it validates our market call dated June 10 as described below:

       Alternating Trade Strategies 2a

Monday, June 15, 2015

MT101 Website on Schedule Maintenance June 20 to 28th, 2015


NOTICE: @MegaTrade101 website would be down for site and server maintenance from June 20th to the 28th & will post information here on Blogspot and @Google+. Likewise, MegaTrade101 shall be taking its regular quarterly trading break by the first week of July Thanks! we'll see you soon.

Hardy: As the Fed meets this week, what to expect in FX


This resource is from Saxo Bank: 

J Hardy on the FEDSomething to consider for the week ahead.






In Search of Actionable Trade Analysis & Setups

Whenever we come across an analysis of the Dow Jones, the major indices or currency pairs, more often we try to absorb or take away the best probable case scenario where we can use those ideas as a basis for an actionable trade setup. 

Although, at most times we can determine whether such analysis tend to be bias or a well balanced information that would add weight on what is already a written fact which every trader already knows. As most analysis are narrative in presentation with full of intelligent information on statistics which can be quite helpful yet are not effectively a good for trade execution. 

What makes our analysis unique for one, is that after a long process of deduction and due diligence in choosing any financial instrument it still boils down to three criteria. First, is the ability to define a relative market potential, secondly, correlated with the equivalent Liquidity on volumes and thirdly, that would eventually lead towards diversified instruments  that meets objectives over a period of variable time.

In some trade cases where speculative positions translates into a market trend potential that would essentially build a fundamental catalyst and in turn transforms into an investors flow of interest that would become a reinforced market trend. This relates closely with currency based trading for liquidity with a combination of foreign currency conversions and Stocks through relative ETFs that can be used as a strategic method of trading and investing. Further discussion to follow.  

Sunday, June 14, 2015

Opening Price Euro & DXY Signal

EURO V. USD
The last ditch effort broke-up between Greece and its creditors prompting a higher opening for the USD higher and a corresponding lower opening for the Euro. The so called push and pull of good and bad news still prevails as some investors a getting weary of these negotiations heading towards the end of the 2nd quarter. 

The EURUSD opening levels were @1.1215 from a Friday's close @1.1261 while the US Dollar Index (DXY) @95.12 basis point which moving higher in Asia session currently @1.1194 and @95.36 respectively. This provides that sentiment based trading is in effect since the news coming from the EU meeting weighed heavier as no actual deal has been achieved. Expect this to continue for now as the week starts its pace on trading volatility shifts as alternating trades are made across the market place.

With barely two weeks to the closing of the month, staying on course with what we already have would be maintained as no real trade setup can be identified for fresh positioning. We'll monitor how price action accelerates towards the week expecting some new directions from the Federal Open Market Committee (FOMC) meeting may provide some clues. But the September target date for the rate increase are still way within its expected date of deliverance.  

We'll keep you posted as to other developing trade set-ups as we move forward the week;s trading!

Saturday, June 13, 2015

Market Insight on #USD & #DOW #PriceAction

There are three (3) Major Driver Patterns plus a Blue Line Cycles
applied as Pivotal Reference Points of Price Reversal confined in the
period of consolidation
The USD closing @94.90 basis point while it pulled back on the closing week below 95.05/10 would now have some room for a further decline with limited daily session corrections. While its corresponding European majors as started to stay within positive territory even at the closing hours last week. CABLE finishing off @1.5550 barely 30 pips away from a crucial mid-term resistance, while the EURUSD stayed @1.1260 well below its resistance and trying to keep at pace from a rising Pound. 

These are the market behavior worth monitoring since the give and take between these majors has been a distinct pattern where institutional traders have taken advantage of. As we likewise have done the same pattern of alternating trades that has been practiced by inter-bank currency trade dealers.

Technical Angles V Fundamentals:
Checkout the pattern of the Dow Jones well within a consolidation and where prices are well confined within its range parameters where a break would eventually occur. Note: See how distinct the configuration when the right application is made overlay on the chart! 

The same pattern of news reports from Greece where alternating good and indecisive news comes and goes making volatility present contrary to the longer term wide range price swings from the Dow's high and its range bound low where the similar pattern has been quite obvious for us. While other analyst may have somehow noticed or overlooked at. Thus making market price swings wider in both directions of the market.

Watch for our follow-up insight on the market before the closing weeks ahead of the end of the 2nd quarter 2015. As it would be difficult not to consider that dark clouds over-hanging the stocks still stays afloat over the prices as another round of attempts would be made on the down side whenever a follow-though would emerge before another upturn could be made. This is where traders and investors would be confused and would not be able to correctly speculate on the interim trend.  Since the levels below the 18K again has been resisting on a daily and closing week signals the uncertainty making the chart outlook to be top heavy for now.

Thursday, June 11, 2015

In Search of Market Equilibrium ll

The timely fashion how the BOJ Kuroda's statements came soon after the USDJPY registered @125.50 levels was no less than impeccable market timing. Followed with RBNZ cutting its rates that led a considerable price decline for the NZ Dollar reaching a recent low @0.7009 as of this writing; had most currency analyst trying to weigh the volatility of the market increase over a short period of time difference.

The financial markets landscape on interest rates, currency rates weakness and strength, central banks monetary policy, global economy and stock market performance is  being shape and adjusted based on the current market and global conditions taking place. In search of equilibrium may take a longer time frame to achieve. For now there maybe some difficulty to see this through as each major economic power has their own agenda and the status quo of the global order is likewise now being challenged.

Relatively, the strength of the USD would remain stable as the over all reserve currency, while the rest of its currency basket would make their respective rate adjustments that would not be left behind as new financial structures for emerging economies are being opt in the equation of the current system. The general outlook for the USD is still positive with the recent report of retail sales and the expected rate increase for the year is still on track.

Hence, the outlook for  the Asian region would likewise look stronger and resilient moving forward while trying to trail the US stock market performance. With a relatively milder hiccup for the 2nd biggest economy as it slows from its previous fast-paced growth that reached a cooling period to this point in time. China's Shares have accelerated more than 50% ; where government would be able to take calculated measures to address any possible contraction while maintaining growth outlook in check at tolerable limits as well.

This just states that every trade strategies made while trading these markets would have to be made flexible to any sudden changes in market conditions. For as long as any trade positions made are within an effective net positive trading result can be achieve then and only then would one consider to stay within the course to maximize market potential or simply just cash in and wait for the next market mover.

Wednesday, June 10, 2015

Dow Retest A Surging Bull

Dow Jones Industrial Average
Expecting the unexpected can be as dramatic as the surge in stocks coming from several weeks of sliding prices. Technology and the Financials have provided the lift with investors following suit with the much needed volumes to push prices to its biggest one day gain which has covered some ground. A follow through id needed and staying above previous highs would be the key for a validation of directions.

Although, volumes were not considered a volume reversal that triggered a price reversal, it was enough as investors have been dragged again with some positive signals coming from Greece contrary to the IMF global growth outlook on the economy which included the US. However, it was to no surprise that the rally will move on both sides of the market as time and again made mentioned, that this would be the pattern for prices as they swing in both directions. 

Knowing the 'tolerable limits' and 'range parameters' on these price levels are excellent as the Dow continues to hold ground @17500 until now while the recent low on the Dow registered @17714 which pulled back on the day which provided the 1st signal of a probable price change. As a retest to hold above the 18000 on the Dow for the coming weeks would be a critical level. Although, this would be an encouraging sign for long tern trades held since the overall picture remains on the positive tone. 

Remember, that there will always a major correction within a major trend. All we need to do is to be able to pinpoint the pivotal price change on the next turn.

A Professional & Friendly Advice On Stocks

Avoid getting Caught on a Declining Web

A sensible reminder for one-sided stock Investors /  traders. Please take note that the current declines of the market have finally penetrated key support levels. It has provided earlier signs of fatigue on the high side since the start of the new month of June. 

Being caught without a hedge strategy with correlated Index funds on ETFs that can best support positions left behind is the most logical yet simple way to minimize such losses. And whatever suits the investor's interest. For other Asian traders and investors especially for day traders without access to opposite trade position strategies of the market would best stay on the side-lines as it has been several consecutive declines before any relief recovery can be expected. And when it does would they have enough funds or properly time such price recovery to even to take a position?

Play the market with caution and establish a well defined plan before taking the next step!

Alternating Trade Strategies 2

The continuing USD decline with the DXY went through the 1st line below the 95.05/10 basis point support and currently working @94.38 low that have pushed the EURUSD @1.1385 and CABLE @1.5470 respective levels as of this writing. And halted the correction on the EURGBP Cross rate which is in the interim trend higher @0.7338 with prices above 0.7450 or better would provide a positive tone.

Developing 'alternating trade strategies' after establishing price pattern trends higher and its opposite counter-trend positioning can be an advantage especially for those who maybe quick on the draw in recognizing such patterns of price behavior. Price swings on both directions of the market within a three day period meets these conditions only with every trade execution properly timed. For Superior Trade positioning defineTolerable price ranges from each HI/LO on these three (3) choices of currency pairs including the cross rate have established the pattern with a probable break for both European majors on the high side of the market when an increase in momentum and volumes would re-emerge. 

The post run of the USDJPY @125.50 levels as we stated have been completed as the continued decline on the USD in the European session have just started. As a word of caution, such early run in any market price swing would have a relative pullback in every trading session be fore the closing of the week especially when a break away price level would occur in the next two consecutive days. This over-view would not have a corresponding price chart since what should be monitored well is the price and market behavior of each correlated currency pair.

Friday, June 5, 2015

Just for the Record

Disclaimer:
MegaTrade101.com does 'NOT' accept or solicit funds from clients / investors for trading these financial markets.. All clients are advised to make direct trade transactions, pertinent documentation, including deposits, withdrawals from their respective 'Private Banking - Inter-bank Trading accounts'. On a case to case basis can co-manage investment portfolio only with the direct participation of the clients / investors while trading the Financial market & only with a reputable inter-bank / authorized Broker-Dealer as an Institution that provides clearing/ dealing services and meets investors compliance requirements, goals and objectives. This is for the protection, interest and security of funds for every investor / client. Megatrade101 training programs are for educational and financial literacy purposes that does not constitute any guarantee on trading due to the nature of probable loss in a volatile market.

Note: Megatrade101 has NOT authorized any person/s or other companies to provide advise or solicit any public or private investment funds to trade the Foreign Exchange or other financial markets on its behalf. Therefore, shall not honor any representations made by unauthorized parties concerned. Any inquiries relating to this matter shall be coursed through our website and only authorized officer of Megatrade101 management. 

Furthermore, MegaTrade101 is  'Independent Professional Service' and is NOT affiliated with any local or foreign broker or institution and 'DOES NOT' act or receive commissions / make any endorsement of companies that offer trading services online in stocks, Foreign exchange and other financial instruments for that matter. Thus making certain that independent and un-bias statements with full transparency is provided to clients / Investor's as their Interest comes first with NO Conflict of Interest.

MegaTrade101 does not make any representations of guarantee that trading results from the market analysis would be the same with other investors. In essence, investors who would want to participate in the Foreign exchange market should first consult and seriously consider their financial conditions before engaging into a volatile market such as foreign exchange Trading. And that is because losses on investment capital in part or in whole do occur in trading these types of markets, especially when trades are poorly and are not timely executed in the market. Due Diligence is advised! 

Thursday, June 4, 2015

Understanding Price Action and Market Behavior

Simply put it this way - The price pullback on the USD was due to the Jobs data but still outweighed by the Euro's surge that was well accepted by traders. Likewise a healthy sign for a trend continuation in the interim; since market sentiments a favorable from short-covering positions by institutional investors. 


An early signal is now validated and confirmed on #FB Keeping an eye on Stocks for keeps!

NOT JUST FOREX - ON STOCKS

On the Technical Angle:      has more room to move higher nearest to the 85.00 with daily pull backs on session trading. Volumes would increase as fresh interest would continue to build whenever prices rise in increase momentum.

The Bullish Gartley figure presented itself early May followed by abreak higher from penetrating a trendline resistance of the Andrew's Pitch Fork while aiming nearest to the 83.80 levels. However, a gradual price move in that direction may still take time as the market sentiments are overshadowing such move.



CCY Corner: Third (3rd) Degree Price Action Analysis

On Fundamentally-Driven Price Reaction

Currency Behavior has been noted to react with a mix bag of market sentiments as the Euro has more to gain from Greece and ECB stance that the QE decision was the right move as the CPI figures on inflation shows. A fundamentally driven market as such have fueled the EURUSD to its best levels.

With CABLE trailing behind at the moment, which serves to be the best case scenario where the equivalent Cross trade on the EURGBP have significantly been steady to the upside. These three (3) major CCy pairs are so far held its stance after the second higher low have been established that now provides a solid base to set the benchmark.

Third (3rd) Degree Price Action Analysis

Monday, June 1, 2015

On #Stocks & #USD: Where to take the market cue from


As we have emphasized, that the #PSEi would be trailing the #Dow's overall market interim trend and has moved back to its critical 7500 levels which would be re-tested time and again, as liquidity levels including volumes would be deteriorating due to market lackluster activity. 

Take your cue from the #DOW Jones and the #USD performance in the coming weeks; as this  new month serves to be the closing 2nd quarter for 2015 prior to the #FED's expected rate increase. Take note that these are exceptional times where investor's lackluster interest would depend more and focused at the continuing price action of the Dow Jones and the #USDollar. Watch for volumes and market shift where smart money are trailing pricey stocks. 

Another catalyst supporting the #USD is the positive figures the US #ISM manufacturing released which pushed the #DXY currently @97.62 to this writing. So far so good as we are riding the interim trend higher with limited session drawbacks as of now. Not much to really expect as the #volumes and#momentum is gradually sustaining this move. Will keep the relative sentiments favorable for the#USDJPY's active trend higher that outweighs some contrary analysis circulating in the market place.