Greenback soared at the beginning of the fourth quarter of this year. EUR/USD plummeted 1.6% since September and touched the 1.1700 psychological level, while the GBP/USD pair fell aggressively, slipping 0.9% in just one trading daily session.
Brent crude oil posted five bearish days and hit our suggested target at $55.80.
The U.S. dollar traded sharply higher against all the major currencies as the ISM manufacturing index hit a 13-year high at 60.8 for September from 58.8 the prior month. Moreover, for the same month, the ISM prices paid ticked higher to 71.5 surpassing the prediction of 64.0. Earlier yesterday, the U.S. Markit manufacturing PMI released and rose to 53.1 from 53.0.
Read the full financial markets daily report on JFD Research.