The Waiting Game!

The market is facing some volume crisis as most investors are on the sideline waiting for some real good incentives. The speech from Pres. Obama on the financial regulations was not something new as it was timed with the 1st anniversary of the Lehman Brothers collapse that led to the ripple effect on Wall Street causing the financial crisis to strat with.

The speech neither did do much for the dollar although, some technical corrections were made since the last blog dated the 8 th of September which there was a slight corrective move as the prices moved gradually lower or like they say in an orderly fashion.

These are the times that the market would move based mostly on a technical perspective as traders and investors wait for something that may provide some clearer direction for the market. At this time risk appetite for investments int he FX market has deteriorated as much when we reported on the declining volumes since October 2008 to April of 2009.

As for the USD/CHF the consolidation is still there as the tight band/ range of the prices doesn't go beyond the range of 1.0421 - 1.0321, making the 1.0350/80 as the mid-range consolidation.

There are some indication of the market to be within these sluggish movements as the market is now more inclined to be technically driven than anything else.

Let's just watch how the market behaves in the next few days.


Good Luck and Happy Trading.