TSOT- Varying Factors Benefits USD Acceleration - #DXY at 96.00 Basis Point

Ripples Across Major FX Currencies 

Starting off with Federal Reserve-Chicago Charles Evans turning to a hawkish stance who is known for being a dove, is just one contributing factor for the USD lift. The Foreign exchange market have been quite busy across the board which summarizes the following market activities that actually gave the USD - DXY a push towards the 96.00 basis point levels from the 95.17.

Video Support: Transitioning USD Index As of Aug 10, 2018 

> CABLE or the Sterling Pound have continuously been dampened with a No Brexit deal while awaiting UK GDP report. GBPUSD is currently at 1.2772 way past it psychological support price at 1.2880. While the EURGBP Cross at 0.9000 have benefited from CABLE's weakness in spite of the recent daily session relief from the Euro. 

> Except EURUSD have just broken through the ground trading to this writing at 1.1455 where it's aiming at another psychological barrier support at 1.1380 which is not to be discounted as the USD gains momentum to further rise in the near term. 

> USDJPY has been aligned with a USD strength as it benefits from a safe haven status whenever turmoil in the currency market are present while trading at 110.68 from a recent high at 111.51 for the week as of Aug 10, 2018.

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#USD Rises, #CABLE Intraday Stalls, #EURO Declines

The #EURO's failure to stay above 1.1880, after trading extensions market near the 1.1980 /00 levels have gradually gone back towards the 1.1755 levels where it started from. This was driven by the USD gaining ground especially from the NFP figures favorable to the USD - DXY back above 94.00 BASIS POINT in the US session.

The Euro's decline spilled over to the #EURGBP cross rate where a similar trading scenario can literally be drawn from the simultaneous a short-live price recovery and a reversal for CABLE after a break though on BREXIT became a fact that the market had earlier reacted on. #GBPUSD retreated back to where it is currently being traded within an intra-day price 1.3363 from the previous week. The rising channel on CABLE remains to be intact as the corrective price action is attributed to the market sentiments in UK and NFP report.

A continuing USD price recovery may still place some serious pressure for the European majors to drift lower as market searches further for fresh incentives to do otherwise. For now FX market and precious metals shift towards a decline in volumes as they have been overshadowed by Equities and the Bitcoin craze that had somehow siphoned a considerable share of investors interest and funds traded with prices hovering above the 15K levels.