By CountingPips.com
The US Dollar has been on the rise today in forex trading, gaining sharply against most of the other major currencies. The dollar has advanced today versus the euro, Australian dollar, New Zealand dollar, Canadian dollar, Swiss franc and the Japanese yen while edging slightly lower versus the British pound as of 2:33 pm EST in the afternoon of the US trading session. Yesterday, the dollar fell against all seven of these other major currencies in light holiday trading.
The US stock markets have also traded higher today with the Dow Jones gaining by over 90 points, the Nasdaq increasing over 20 points and the S&P 500 advancing by over 10 points at the time of writing. Oil has traded higher to $78.95 while gold has risen by $9.60 to trading around the $1,139.70 per ounce level.
U.S. Economic news releases today showed that foreign demand for long-term US securities increased in November by 
the highest since May 2007 to a total of $114.5 billion in net foreign acquisition of long-term securities according to the U.S. Treasury Department. This is a sharp rise from October’s report of a revised total of $6.9 billion in net foreign acquisition of long-term securities.
The closely watched monthly net TIC flows registered a total of $26.6 billion positive capital inflows following the revised outflow of $25.4 billion in capital in October. The monthly net TIC data is important to watch the difference in capital flows coming into and going out of the United States.
Today, the biggest mover of the Forex dollar majors has been the EUR/USD with a decline by over a 100 pips to trade under the 1.4300 level. The USD/CHF pair has climbed by approximately 80 pips, the USD/CAD has advanced by 70 pips while the USD/JPY has traded higher by 40 pips to level above the 91.10 threshold.
EUR/USD Hourly Chart – The Euro falling today versus the US Dollar in Forex Trading and touching its lowest level since December 23rd at the 1.4253 exchange rate. The EUR/USD is trading at the bottom of its declining price channel on the hourly chart. The pair has found support and is consolidating the around the 1.4295 price level.
