Tuesday, April 26, 2016

NOT JUST FOREX: Market Brief & Insight as of 4.25.16

There has been so many market calls for US stock markets to move lower between 10-15% since the 1st quarter of 2016. Indeed the Dow registered a low @15450.55 dated the 20th of Jan 2016; a retest @15503.00 that served as the higher low that served as a test of patience as well. But since then rallied to its present course above the 18000 levels. Signifying a gradual yet sustainable rally with some minor pullbacks can still provide market participants doubt & uncertainty even until now.

The general over view of the market in a bigger picture has been negative entering just the 1st quarter of the year that really surprised the market including institutional traders that dented their bottomline coming into earning season. There were just a few positive data mostly coming from the US, that drove stocks lower directly related with oil prices. 

With the surrounding developments of oil's recovery, stocks have gradually paced it, along with commodity currencies, including the precious metals market which also contributed to the current rise contrary to the bearish speculation & outlook of some known analyst.

Not Just Forex: Market Brief & Insight

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