US dollar dived sharply against the Swiss franc and other major currencies, as sellers managed to gain strength exposing a major break in the USDCHF pair in the near term.

US dollar index traded mixed against a basket of currencies with spikes higher and lower, but it remains at risk of a major reversal as the US dollar index is testing an important resistance in the short term.

US dollar reacted to the downside recently against most major currencies, as the dollar sellers managed to gain strength which resulted in a move lower in the near term.

US dollar traded higher recently against most major currencies, but failed to sustain the momentum and fell back one more time as seller’s sentiment was boosted.

British pound traded lower earlier this week against the US dollar, but now it looks like the GBPUSD pair might correct higher in the short term as there was a strong reaction noted around the 1.4750 level.

British pound continued to find sellers when it tries to trade higher, but there is a chance that it might gain strength against the US dollar in the near term.

US dollar traded a touch lower against most major currencies raising the hope for a correction in the EURUSD pair, which has a potential for a larger move back up if the US dollar buyers step back.

Euro’s break of 1.10 was very critical and ignited sharp downside reaction in the near term, which poses risk of more losses moving ahead.

Euro traded higher recently against the US dollar, but the question remains whether it can continue trading higher in the near term.

New Zealand dollar managed to hold ground against the US dollar, but the Aussie dollar suffered losses which in turn helped the AUDNZD pair to trade higher.

US dollar moved a bit lower this past week and it looks like there is a possibility of more losses in the near to medium term.

US dollar surged higher recently and traded higher against most major currencies.

NZDUSD might continue to trade lower as sellers seem to be in control in the near term.

Euro dived against the US dollar after the market settled and traded back towards the last low.

US dollar continued to surge higher against most major currencies and might further head higher in the near term.

The Price of silver has been gradually falling since 2011. Silver at its highs in April of 2013 commanded $49.5 per ounce. Today however, following the release of the US GDP readings and the consequent strengthening of the dollar, silver has fallen below its four year low. We have gone below the $16.5 mark and we are now well in the way to test the $15 per ounce price level.

The EURGBP has found resistance at the 0.80 major level and prices have fallen over 100 pips. The bullish spike was the result of a price rejection at the major support level near the two year low. The Pair has been on  bearish slide, consistently making lower lows for the last 15 month. This down trend has fallen into a clear channel visible on the daily and weekly time frames.

GBPCHF cross has been consistently making higher highs for the last six months. From peak to trough, the GBPCHF up trend is about 1000 pips. 

Since the major Sell off the EUR due to weak economic sentiment from the Euro zone and the simultaneous strengthening of the USD, the EURUSD has fallen over 1000 pips from 1.396 to the 1.25 area. It has taken us a period of 5 months to find support at 1.249 levels just below the 1.25 major levels which represents a consistent fall for 22 weeks.

Since the SNB introduces an artificial support in 2011, the EURCHF cross has been barely tradable.  Volatility in the pair has been absolutely crushed, on a good month; we can see the pair move just a 100 pips the for the whole period; the equivalent of a day’s move in other pairs.

The EURCAD has been on a down trend since March of this year. The down trend has fallen into a neat channel clearly visible from the daily chart. From the peaks on February at 1.55 we have fallen over 1500 pips and we are now approaching the 1.400 level.

Since breaking it long tern down trend in May, the dollar has been on a consistent upswing against the Swisse; from the exchange rate being at 0.8711 on July 2013 to levels above the 0.9500 last month. Yesterday USDCHF hit fresh year’s highs at 0.9596. Apart from catching the next reversal we are interested in getting the next move and direction of the pair.

Since mid-July of this year, the cable has been selling off for over a thousand pips from the highs of 1.715 to lows at the 1.605 level.

Euro managed to gain bids during the London session against the US dollar, and it looks like the pair might break the recent high of 1.0920 to trade close to the 1.0950 level.

Euro continued to decline against the US dollar as sellers remain in control and even better than expected Euro Zone ZEW Economic sentiment failed to cause an upside reaction in EURUSD.

Euro after declining sharply against the US dollar recently managed to hold the ground, and currently consolidating around important levels and setting up for the next move.

Euro trimmed of the recent gains against the US dollar as sellers stepped in one more time to create a downside pressure in the short term.

Euro traded lower earlier against the US dollar to test 1.0720 as buyers fail to protect downside.

US dollar failed to hold ground especially against the Euro, as the latter one managed to climb higher above the 1.0960 level and looks set for a break above 1.10.

Euro after finding bids around the 1.0460 level managed to correct higher and closed back above the all-important 1.050 area ahead of ECB Draghi’s speech.

US dollar continued to trade higher after strong buying interest seen this past week

GBPUSD traded lower and looks set for further losses in the near term if sellers gain control.

Euro traded lower during the London session, as the German IFO business climate index came below the market expectation.

Japanese yen traded a touch higher after the GDP and industrial production release.

Euro traded lower against the US dollar during the London session despite positive releases in the Euro zone.

Euro continued to weaken against the US dollar as buyers fail to gain momentum.

US dollar moved higher against many major currencies especially against the Swiss Franc.

Aussie dollar was one of the biggest losers of the past session as it moved lower against the US dollar and traded towards the 0.8130 support area.

The US BLS report on consumer price index showed that the all items price index for September 2014 experienced a 1.7% increase. This increase matches the previous months reading at the same figure.

In the past two weeks, we have been experiencing a bullish of reversal of the EURUSD pair from its bearish fall. The reversal has led the market commentator to speculate that the dollar has been over bought

Yesterday light and sweet crude oil future prices for December 14 touched the $80 price. This represents an over $20 fall from the 106 price levels Crude oil was commanding back in June

About an hour ago, the US retail sales data was released by the US Census Bureau. The market was already expecting a decline of 0.1% in September 2014, compared to the last month’s gain of 0.6%. However, the outcome was even more disappointing as the US retail sales decreased by 0.3%. Moreover, the core retail sales data was also disappointing, as it declined by 0.2%.

The major economies have been in the untested waters of long periods of ultra-low interest since the 200- 2009 crash. The USD dollar had been the major looser in this situation getting weaker relative to the other major currencies.

In a speech yesterday (9^{th of} October 2014) at the Brookings Institution in Washington, Draghi gave a speech outlining his strategy for getting the Eurozone out of the current crisis and stalled growth. Though evident, the ECB president drew parallels between the US crisis during the Roosevelt administration and the current Euro crisis.

Earlier during the start of the NY session, the Canadian employment change, participation rate and the unemployment rate data were released by the Statistics Canada. 

Since September of 2011 the Swiss National Bank has maintained a 1.200 floor of the Swiss Franc against the EUR. The bank expressed its view that the Swiss franc was grossly overvalued and its fears that the high valuation was indeed a serious risk to the Swiss economy because of the deflationary pressures it was causing. Lowering the Francs valuation was on its list of primary concerns.

The kiwi has been showing marked weakness in the past quarter. The AUDNZD has appreciated over 600 pips since July of this year this represents a dramatic strengthening of the Australian dollar against the Kiwi. It is anticipated to have further gains in the coming months. The NZDUSD has plunged 1000 pips since July also representing a wakening kiwi against the dollar. The GBPNZD has also revealed remarkable weakness in the kiwi rising over 1500 pips.

The Sterling has shown some weakness against the USD in the recent past, this can be attributed to the strengthening of the US economy and the recent speculation about the Scottish vote. Overall however, the GBPUSD has failed to break below the 1.5950 level and has met very strong buying pressures near this psychological level.  It remains that without any major fundamental news, we are unlikely to slide below his level.

On Tuesday the RBA will announce its cash rate decision. The cash rate in Australia is currently at 2.5% and has been unchanged since August of 2013. The cash rate is an important determinant of the exchange rate in spot foreign exchange market and futures.  RBA uses the interest rate to implement its monetary policy.  Since the third quarter of 2013, the RBA has maintained an accommodative monetary policy meant to stimulate growth and maintain a low inflation within the medium term targets.

The USDCAD has been on has been on a long term uptrend since August of 2009. This uptrend persisted even in the face of a weak US economy and a loose monetary stance by the US FED. A weak Canadian dollar has seen the pair move from the lows of 0.9400 in 2011 to levels above 1.1100 in 2014. 

After weaker than expected ISM manufacturing reading was released on Wednesday, the dollar corrected to 85.5013 in the dollar index to and 108.55 against the Yen. ISM Manufacturing for September was reported at 56.6 against an expectation of 58.5. This represents a 0.8% drop from the report released in august at 59%. This August ISM manufacturing of 59 was the peak for the seven preceding quarters.

The Kiwi has shed off over a thousand pips since its 0.882 peak in July to the lows of 0.776 at yesterdays close when paired against the US dollar. Last week, the NZDJPY fell over 2800 pips to close the week at 85.9 from the highs of 88.8. The Kiwi has been selling across the board since the September quarterly GDP report was released.

 On Wednesday, Federal Reserve Chair Janet Yellen spoke about the interest rates and about the United States' economy

The markets in the United States were closed as the United States of America celebrate the Martin Luther King holiday

The American dollar's appeal was build by the expectation of future high interest rates in 2017

Wall Street opened above the usual for the major tradings on U.S. indexes

The first trading session for 2017  had a good result for gold prices

The Greenback was supported by the expectation for higher rates from the Federal Reserve

In the United States of America, the equity markets had a promising opening.

German business for December went to its highest level since 2014, in April

   The Federal Reserve's estimation of three rate hikes for 2017, made the U.S. bond yields higher.

The Federal Reserve rose the number of rate hikes for 2017 and the results were seen in the Greenback's trajectory. 

After European Central Bank's recent moves, euro remained under pressure

Markets are still influenced by investors's post-election optimism

The European Central Bank 's assets purchase program was scheduled to end in March of 201

Oil prices rose on Thursday

The U.S. Central Bank is expected a future interest rate hike next week, influencing the gold.

  Oil prices rose on Monday to multi-month records, influenced by the hope of an announced output but by OPEC will help reducing the global supply superabundance and reduce the prices

South Korea's Samsung Electronics faces its biggest structural change

Lufthansa canceled more than 2.600 flights, interrupting flight plans for almost 315,000 passengers.

Oil prices edged higher on Thursday as uncertainty over a planned OPEC-led output cut and thin liquidity due to the U.S. Thanksgiving holiday weighed

Wall Street hit record highs for the third consecutive time

The blue-chip Dow futures remained the same, the Nasdaq 100 futures fell 3 points and S&P 500 dropped 0.03 percent.

Experts say that the chance of a second increase in June of 2017  grow by 54.5 percent

Nigel Farage is one of the leaders of the Brexit ( vote for Britain to leave the EU), and he actually spoke to Donald Trump during his campaign.

Oil prices reached a peak for the third consecutive week

As expectation of president Donald-Trump to cut taxes and ramp up fiscal spending were hovering over the economy, the dollar remained supported by the idea of a future economic growth

Gold futures for December delivery were down 1.01%, at their lowest since May. 

Even though the markets had great expectations from the document, the Australian employment data were pretty disappointing.

From the beginning of the year, the precious metal has increased its value 18.74%.

Other businesses have also used "Pokemon Go" to their benefit, including New York pizzeria L'inizio Pizza Bar. It sales went up 75 percent over the weekend after the owner spent $10 on "lure modules."

Monday, October 31, 2016 - Stocks were mixed at the end of the day. The Dow Jones Industrial Average closed 0.10% lower at 18,142.42, while the S&P 500 Index rose 0.01% closing at 2,126.15.

What Happened in the Stock Market Today
 

U.S. October 24^th: stocks were mixed after the close, with the Dow Jones Industrial Average going down 0.43% to 18.223.03, while the S&P 500 index going down 0.47% to 2,151.33 and the NASDAQ Composite index is up 0.52% to close at 7,771.3.

What Happened in the Stock Market Today
 

U.S. October 21^th: stocks were mixed after the close , with the Dow Jones Industrial Average going down 0.09% to 18.145.71, while the S&P 500 index going down 0.01% to 2,141.16 and the NASDAQ Composite index is up 0.78% to close at 7,730.9.

What Happened in the Wall Street Stock Market Today

U.S. October 20^th: stocks were mixed after the close , with the Dow Jones Industrial Average going down 0.22% to 18.162.35, while the S&P 500 index going down 0.14% to 2,141.34 and the NASDAQ Composite index is up 1.67% to close at 7,791.5.

What Happened in the Asian Stock Market Today

Asian – October 19^th: The Australia ASX All Ordinaries going up 0.14% to 5,526.19, while the HANG SENG INDEX going up 0.30% to 23.374.40 and the NIKKEI 225 INDEX going up 1.39% to close at 17.235.50.

What Happened in the Stock Market Today
 

U.S. October 19^th: stocks were mixed after the close , with the Dow Jones Industrial Average going down 0.22% to 18.202.62, while the S&P 500 index going down 0.22% to 2,144.29 and the NASDAQ Composite index is up 0.07% to close at 7,923.9.

What Happened in the Stock Market Today
 

U.S. October 18^th: stocks were mixed after the close , with the Dow Jones Industrial Average going down 0.42% to 18,161.94, while the S&P 500 index going down 0.62% to 2,139.60 and the NASDAQ Composite index is up 0.03% to close at 7,918.5.

What Happened in the Stock Market Today
 

U.S. October 17^th: stocks were mixed after the close , with the Dow Jones Industrial Average going down 0.29% to 18,056.40, while the S&P 500 index going down 0.30% to 2,126.50 and the NASDAQ Composite index is up 0.27% to close at 7,920.7.

What Happened in the Asian Stock Market Today

Asian – October 14^th: Asian. The Australia ASX All Ordinaries going up 0.86% to 5,470.88, while the HANG SENG INDEX going up 0.84% to 23.037.54 and the NIKKEI 225 INDEX going up 0.26% to close at 16.900.12.

What Happened in the Stock Market Today
 

U.S. October 13^th: stocks were mixed after the close , with the Dow Jones Industrial Average going down 0.25% to 18,098.94, while the S&P 500 index going down 0.31% to 2,132.55 and the NASDAQ Composite index is up 0.46% to close at 7,900.2.

What Happened in the Asian Stock Market Today

Asian – October 12^th: The Australia ASX All Ordinaries going up 0.66% to 5,518.26, while the HANG SENG INDEX going up 1.61% to 23.031.30 and the NIKKEI 225 INDEX going up 0.39% to close at 16.774.24.

What Happened in the Stock Market Today
 

U.S. October 12^th: stocks were mixed after the close , with the Dow Jones Industrial Average going down 0.09% to 18,144.20, while the S&P 500 index going down 0.11% to 2,139.17 and the NASDAQ Composite index is up 1.09% to close at 7,937.1.

What Happened in the Asian Stock Market Today

Asian – October 10^th: The Australia ASX All Ordinaries going up 0.12% to 5,562.19, while the HANG SENG INDEX going up 1.27% to 23.549.52 and the NIKKEI 225 INDEX going up 0.98% to close at 16.024.76.

What Happened in the Stock Market Today
 

U.S. October 10^th: stocks were mixed after the close , with the Dow Jones Industrial Average going down 0.49% to 18,329.04, while the S&P 500 index going down 0.46% to 2,163.66 and the NASDAQ Composite index is up 0.29% to close at 7,920.9.

What Happened in the Stock Market Today
 

U.S. October 7^th: stocks were mixed after the close , with the Dow Jones Industrial Average going down 0.15% to 18,240.49, while the S&P 500 index going down 0.33% to 2,153.74 and the NASDAQ Composite index is up 0.79% to close at 7,898.2.

What Happened in the Stock Market Today

U.S. October 5^th stocks were mixed after the close , with the Dow Jones Industrial Average rising 0.11% to 17,949.37, while the S&P 500 index rose 0.08% to 2,100.47 and the NASDAQ Composite index drop 0.48% to close at 7,523.4.

What Happened in the Asian Stock Market Today

Asian – October 4^th: The Australia ASX All Ordinaries going up 0.59% to 5,537.01, while the HANG SENG INDEX going up 0.42% to 23.788.31 and the NIKKEI 225 INDEX going up 0.50% to close at 16.819.24.

What Happened in the Stock Market Today
 

U.S. October 4^th: stocks were mixed after the close , with the Dow Jones Industrial Average going down 0.47% to 18,168.45, while the S&P 500 index going down 0.50% to 2,150.49 and the NASDAQ Composite index is up 0.10% to close at 7,872.2.

What Happened in the Asian Stock Market Today

Asian – October 3^th: The Australia ASX All Ordinaries going up 0.09% to 5,569.89, while the HANG SENG INDEX going up 0.45% to 23.689.44 and the NIKKEI 225 INDEX going up 0.83% to close at 16.735.65.

What Happened in the Stock Market Today
 

U.S. October 3^th: stocks were mixed after the close , with the Dow Jones Industrial Average going down 0.30% to 18.253.85, while the S&P 500 index going down 0.33% to 2,161.20 and the NASDAQ Composite index is up 0.89% to close at 7,880.4.

What Happened in the Asian Stock Market Today

Asian – September 30^th: The Australia ASX All Ordinaries going up 0.72% to 5,564.84, while the HANG SENG INDEX going up 01.23% to 23.584.43 and the NIKKEI 225 INDEX going up 0.90% to close at 16.598.67.

What Happened in the Stock Market Today
 

U.S. September 28^th: stocks were mixed after the close , with the Dow Jones Industrial Average going down 0.61% to 18,339.24, while the S&P 500 index going down 0.53% to 2,171.37 and the NASDAQ Composite index is up 0.51% to close at 7,915.0.

Asian – September 26^th: Asian. The Australia ASX All Ordinaries going up 0.01% to 5,519.11, while the HANG SENG INDEX  going up 1.09% to 23.571.90 and the NIKKEI 225 INDEX  going up 0.84% to close at 16.683.93.

What Happened in the Wall Street Stock Market Today

U.S. September 21^th: stocks were mixed after the close , with the Dow Jones Industrial Average going down 0.90% to 18,293.70, while the S&P 500 index going up 1.09% to 2,163.12 and the NASDAQ Composite index is up 1.42% to close at 7,902.8.

U.S. September 16^th: stocks were mixed after the close , with the Dow Jones Industrial Average going down 0.49% to 18,123.80, while the S&P 500 index going down 0.38% to 2,139.17 and the NASDAQ Composite index is down 0.55% to close at 7,742.6.

U.S. September 15^th: stocks were mixed after the close , with the Dow Jones Industrial Average going down   0.08% to 18,529.29, while the S&P 500 index going up 0.09% to 2,180.89 and the NASDAQ Composite index is up 0.52% to close at 7,624.9.

Asian – September 12^th: Asian. The Australia ASX All Ordinaries going down 0.17% to 5,309.99, while the HANG SENG INDEX  going down 3.32% to 23.215.76 and the NIKKEI 225 INDEX  going up 0.34% to close at 16.729.04.

Asian – September 9^th: Asian. The Australia ASX All Ordinaries going down 2.23% to 5,319.10, while the HANG SENG INDEX  going down 3.36% to 23.290.60 and the NIKKEI 225 INDEX  going down 1.73% to close at 16.672.92.

Asian – September 6^th: Asian. The Australia ASX All Ordinaries going down 0.25% to 5,510.42, while the HANG SENG INDEX  going down 0.19% to 23.741.81 and the NIKKEI 225 INDEX  going down 0.41% to close at 17.081.98.

U.S. September 6^th: stocks were mixed after the close , with the Dow Jones Industrial Average going up 0.25% to 18,538.12, while the S&P 500 index going up 0.30% to 2,186.48 and the NASDAQ Composite index is up 0.34% to close at 7,970.2.

Asian – September 2^th: Asian. The Australia ASX All Ordinaries going down 0.74% to 5,470.57, while the HANG SENG INDEX  going up 0.45% to 23.266.70 and the NIKKEI 225 INDEX  going down 0.01% to close at 16.925.68.

U.S. September 1^st: stocks were mixed after the close on Thursday, with the Dow Jones Industrial Average decreasing 0.20% to 17,640.17, while the S&P 500 index fell to 0.18% to 2,071.50 and the NASDAQ Composite index fell 0.81% to close at 7,361.2.

Asian - September 1^th: Asian. stocks raise after the close on Wednesday, with the Australia ASX All Ordinaries going down 2.06% to 5,203.26, while the HANG SENG INDEX  droping  30.36% to 20,387.53 and the NIKKEI 225 INDEX  fell 160.18% to close at 15,859.00.

U.S. August 25^th: stocks were mixed after the close , with the Dow Jones Industrial Average going down  0.18% to 18,448.41, while the S&P 500 index going down 0.14% to 2,172.47 and the NASDAQ Composite index is up 0.64% to close at 7,765.5.

U.S. June 16^th: stocks were mixed after the close on Thursday, with the Dow Jones Industrial Average which rose 0.53% to 17,730.10, while the S&P 500 index is raising to 0.31% to 2,077.99 and the NASDAQ Composite index rose to 0.67% to close at 7,410.6.

U.S. June 13^th stocks were mixed after the close on Thursday, with the Dow Jones Industrial Average decreasing 0.74% to 17,732.48, while the S&P 500 index fell to 0.50% to 2,069.25 and the NASDAQ Composite index fell 1.00% to close at 4,417.75.

U.S. stocks were mixed after the close on Thursday, with the Dow Jones Industrial Average decreasing 0.67% to 17,865.34, while the S&P 500 index dropped 0.92% to 2,096.07 and the NASDAQ Composite index fell 1.29% to close at 4,894.55.

U.S. stocks ended higher on Monday, with the Dow Jones Industrial Average gaining 0.66% to 17,773.64, while the S&P 500 index climbed 0.78% to 2,074.25 and the NASDAQ Composite index added 0.88% to close at 4,369.00.

U.S. stocks finished flat on Friday, with the Dow Jones Industrial Average increasing 0.12% to 18,003.75, while the S&P 500 Index added 0.01% to 2,091.58 and the NASDAQ Composite Index dropping 0.8% to 4,906.23.

U.S. stocks rose sharply on Monday,  with the Dow Jones Industrial Average closing higher 0.6% to 18,004.16, while the S&P 500 Index increased 0.65% to 2,094.34 and the NASDAQ Composite Index added 0.44% to 4,960.092.

U.S. closed higher on Friday, with the Dow Jones Industrial Average increasing 0.61% to 17,685.09 , while the S&P 500 Index climbed 0.63% to 2,065.00 and the NASDAQ Composite Index added 0.92% to 4,528.50.

U.S. stocks sunk on Tuesday, with the Dow Jones Industrial Average falling 0.65% to 16,963.95, while the S&P 500 Index lost 1.12% to 1,979.28 and the NASDAQ Composite Index fell 1.26% to 4,648.83.

European markets posted strong gains on Tuesday in spite of  a survey showing another fall in China's manufacturing sector.

MLK is pushing the investor's expectations until tomorrow

US Dollar fell sharply during the start of the NY session, as the Services PMI missed the forecast of a rise to 59.5.

British pound tumbled against the US dollar and looks set for a test of 1.4850 in the near term.

British Pound was the weakest currency during the London session, as the GBPUSD pair dived sharply lower after release of the UK Manufacturing PMI.

USDJPY pair takes a hit, as the Japan PM Adviser Hamada mentioned in a statement that the Japanese yen is weak at 120.

US dollar continued to weaken against majors as buyers fail to gain strength.

US dollar continued to gain momentum and traded to new weekly highs against the Euro and the British pound.

US dollar slide continued as the recent releases in the US failed to match the expectation.

US dollar climbed back higher as the EURUSD traded back towards the 1.0500-20 area.

Aussie dollar surges higher against all other major currencies, as the market was seen bidding.

BOE and ECB interest rate decisions were the highlight today, as both the central banks kept the interest rates unchanged.

US dollar attempted a recovery, but buyers failed to gain momentum during the NY session.

US dollar managed to gain strength during the NY trading post better than expected initial jobless claims.