The price swing seen in the Forex market reflects the continued investors uncertainty and vulnerability to shift trade positions at a short span of time. Market exposure on trade positions across the majors has been cut short as reflected with the latest COT report with major participants still in dominating market sentiments contrary to data coming from both sides of the continent.
This week's barrage of economic reports with a special attention on the coming EU Zone unemployment data followed by the US Consumer confidence and the FOMC overlapping with the new trading month would provide market volatility and price swings in both directions. However, specific price range trading within their respective parameters have been defined awaiting some fresh incentives this week.
Click here to continue.
No comments:
Post a Comment