The first few days of trading activity has been attributed to the Cyprus crisis that has been in the limelight that have driven the opening prices across the board with a surprising opening gaps on the majors and crosses. Contrary to their respective closing prices have seen traders confused as to what strategies can best serve market rapid price action & volatility at the opening trading sessions.
Trading price gaps clearly has to be studied well whenever it occurs. It is not the aftermath that counts more or should be say after the fact, but certainly being able to have a well-balanced trading strategy in place before any eventful-effects would influence the prices in particularly this week's trading. Not to mention the succeeding reports for the week coming from the FOMC meeting and FED Bernanke's conference in Washington has kept prices in check for now after a huge price difference in price range during Monday's levels. Naturally a pause seen after the price gap while others have simply been surprisingly caught flat-footed by the prices levels.
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