Renewed confidence for bullish players after the fact, seemed to ignite the market today with some limited traction for the USD as it moves slightly higher to its current levels @82.50 high in the early trading session.
The limited trading time that occurred last Friday after the jobs report have left the USD market players in a wait and see attitude for a follow-through, while the Dow and SP500 continues to make remarkable price records inspite of the continued uncertainty where traders are still expecting a valid correction for the stocks to move lower as a healthy sign for a bullish market.
However, the psychology behind the market that this is a clear and typical example where price action is squeezed between economic indicators versus market sentiments that may limit market movements as each and every trader tries to feel through what the market would actually do. Where investors shift real money flows between markets would provide some indication for the prices directional move for the week. This now considered the real activity monitor as price action swings to where a more probable trade could be spotted. Spread betting between currency pairs with stocks would be a bit complicated for some as other traders would not to spread their wings so thinly that results to over-leveraging their trading accounts. Click here to continue.
No comments:
Post a Comment