U.S. DOLLAR INDEX (DXU6)
The DX opened higher at 85.94 as tensions with N.Korea led traders to seek a 'safe' haven ahead of another proposed rate increase. Prices slid to a morning Lo of 85.85, before climbing to a morning Hi of 86.16, despite less than favorable economic data. An increase in Jobless Claims of 11,000, along with a decrease in Leading Indicators of .6% did not deter the rotation into the DX. We begin the afternoon session at our secondary Resistance level of 86.02.

 
CANADIAN DOLLAR (CDU6)
The CD opened lower at our initial Support level of .9000, as traders continue to take profit/risk off the table after the 'dovish' comments from BoC governor Dodge about putting further rate increases on 'hold'. After bouncing to a morning Hi of .9006, prices retraced to a morning LO of .8948, before bouncing to .8963 as we begin the afternoon session.

 
BRITISH POUND (BPU6)
The BP opened lower at 1.8340 and slid to a morning Lo of 1.8297, as pressure from a stronger DX and less likelihood of a rate increase weighed on the market. Prices bounced to 1.8330 as the DX struggled at last weeks Resistance level as we begin the afternoon session.

 
EURO-CURRENCY (ECU6)
The EC opened lower at 1.2658 and bounced to a morning Hi of 1.2668, before following most major foreign currencies lower as the DX attracted more followers. Prices bounced off the morning Lo of 1.2624 to start the afternoon session at 1.2655.

 
JAPANESE YEN (JYU6)
The JY opened lower at .8753 as tensions increased with N.Korea over a possible invasion of 'airspace' by spyplanes and traders took further risk off the table, rotating into the DX for a temporary 'safe-haven'. Prices retraced to a morning Lo of .8725 as we begin the afternoon session.