Sunday, March 8, 2015

Wall Street & FX Markets Adjusts

While USD Continues strength For Now
Non-Farm Payroll figures have again spoken, that the US Economy on Jobs and Unemployment are way on its way as the key drivers for an accelerating US Dollar. Rewinding from our previous commentary on a positive tone for last week's report would favor the US Dollar.
 " The DXY aiming @96.25 probable extension would only gain some ground with an increase in volumes supported with a valid catalyst to lift prices."
Market & Price Call as of March 01, 2015 
Although, momentum have fueled beyond our target expectations which actually extended @97.75 basis point upon the release of the reports. Buying frenzy on the USD prior to these figures have been the real market sentiments prevailing. And to no surprise, unwinding some positions on a Friday for stocks and their corresponding indices and Exchange traded funds have been anticipated to a certain degree. After the fact? True enough, as this has been quite a norm after any major risk events taking place. However, this move would eventually shift and spill-over towards Asian & European trading sessions widely expected for the opening of the week. 

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