USD Correction Across the Market!

In a few hours the end of the month's trading activity has now been limited to the "Corrective Mode" which we have referred to in our recent market view particularly for the USD Index (DXY). As of this writing @96.68 for the DXY, @120.43 for USDJPY, and 1.1066 for the Euro seems to be just a mild corrective move nearing the closing. Boring as it may seem, but sure does gives us some space to kick-back and wait for the next round of news.

The same can be said across the major stock indices to no surprise. Though, the major trend is still intact with a healthy sign for such price pullback on the DJIA and the SP500. We do not expect to have any real action except at the weeks moving forward. For as long as the stock indices stands firm in these levels the contrary attempts to push them lower are slowly diminishing until such time a new round of fresh incentives would present itself before any price action continues.

Have a great weekend! Cheers!