Monday, September 9, 2013

Market Insight Majors & Crosses 9.10

USD speculative bulls have been spooked by the disappointing Non-Farms Payroll report and overshadowed the Syrian tensions that drove the US Dollar index back down to 82.04 low by the end of last week's trading. Expect volatility to increase moving forward towards the closing of the third quarter of the year.

Although, market reaction have been focused on these fundamental highlights, price action in market both from the majors & crosses have been spread accordingly to investment sentiments & money flow. even when the Dow Jones is currently below the 15000 levels. While Gold prices recovered and is currently working near the USD1400./oz levels, which a a quick price reaction from the NFP report had investors and traders shifted trades the same manner have released the data.

Link: Market Insight: USD 

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