Weak Data Triggers USD & DOW Decline

Price Action Reflects state of Investor's Mindset

A Triple Whammy on Data and a quick-snap back is what the market have seen today! This is how the investors and traders in the market has behaved with a triple weak data,in consumer spending, manufacturing and inflation, have refueled selling pressure even in the earlier trading session.

Where market fears have prevailed over the real state of the U.S. economy against a back drop of a global slowdown. Again, this is where Price Action Reflects state of Investor's Mindset in a rapid price action. Just look at the USD move lower and the EURUSD which confirms its move higher and currently @1.2830. A considerable good move to hold the EURO long position contrary and against all odds of a declining market trend.

Today; being a Wednesday and the 3rd day of the week, signaling a confirmation of how effective an analysis has been since the first two weeks of the new trading month of October calling a probable market decline after the DXY have registered a new high @86.87 basis point and where DXZ14 Futures contracts refelected an opening price lower since the end of October 03, 2014. Thus showing a backwardation on the futures market contrary to the Spot.This is where most of our clients @MegaTrade101 have been able to take advantage of the price spread discrepancy between both Spot and Futures markets.

Weak Data Triggers USD & DOW Decline