#USD Rally Surrounded in All Angles Across the Board

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.

Cross Trading Activity Tightens: #USDJPY vs. #USD (DXY) Asia

BOJ Kuroda statements were interpreted again. to be negative for the market that reflected an opening gap @100.77 nearing the 101.00 handle. This price reaction is considered to be more on profit-taking instead of fresh positions by bulls. Others may disagree, as they see this as an additional stimulus action by the #BOJ in the near term.

The registered low below 100.00 @99.42 / #USDJPY; with a rebound in Asia is also a technical move where the ripple effect of the #ADXY moving back lower in early session @107.00, compared with the closing of US #DXY - NY session last Friday @94.50 basis point price recovery.

https://twitter.com/MegaTrade101/status/767564045733867520 

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#NFP Weigh Over #Trade_Deficit Lifts #DOW #USD

This is the 2nd consecutive period where #JOBs have provided the catalyst for the USD and stocks to recover from a recent price slump. Outweighing the 44.5B trade deficit for the 10 month period covered from imports contrary to exports which lagged behind simply due to the increase value of the USD.

These reports supported to lift the USD aside from the boost that it got from the recent rate cut from the #BOE which drove #CABLE lower @1.3020 that somehow spilled over towards a drop along side the single currency that is @1.1050 to this writing. Again CB policy makers have dominated the market along with US fundamental reports have given new life line from a daily session price pullback form the USD and the stock market.

However we'd say that the relative mild price correction on the #DOW have not hampered the overall market outlook for the #SP500 including the #NASD price resiliency staying above positive territory. These benchmarks would remain on the higher band while technical price adjustments from indicators were made as we have expected it to do.

A lot of analyst have been calling a continued market slump for stocks for sometime now. While market participants have grown uncertain with a few known CEO's selling a substantial portion of their shares likewise have been interpreted to be a negative signal that such a decline will soon happen. Uncertainty breaths doubt, but the measure of #VIX remains at its best levels with prices still continuing to move higher for now.  

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