On top of the statements made by UK Prime Minister Theresa May on a 'Hard' BREXIT addressing the Conservative Party Conference; this fueled #CABLE to continue its decline well within striking distance from the our price range called between 1.2750 - 1.2550 while trading a low @1.2632 in the US session.
This also included talks of a BOE rate cut by the end of the quarter 2016. Aside from this, the market has been surrounding the USD rally with #GOLD back down to the 1254.50 nearing the psychological levels @1250.00. While the #EURO have felt the negative contagion effects of the market trading below the 1.1200 handle with the rest of the basket of currencies have played into the USD strength. Thus providing the #EURGBP cross a significant new high @0.8840 from these moves that kept the EURUSD at bay which should have reached the 1.1080 level where another tug of war would emerge.
The #USDJPY rise @103.95 along with the Japan NK225 have grown more sensitive to the fact of BOJ monetary policy. While holding on to the 100.00 level since then. And yet to this point it has adapted more to the USD rally effectively with the #USDCHF pacing the trend higher from its pivotal price point @0.9650 the Swiss Franc is @0.9775 to this writing.
With Jobless claim still favoring the USD, the upcoming report on the Non-Farm Payroll Figure - #NFP would again take the limelight that would likewise serve as another catalyst for market participants to keep focus on.
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