Price Action & Market Behavior ll

In recent reports not too friendly for the USD; it still have managed itself for the expected relief recovery contrary to a bias-bearish market sentiment where the USD index have found itself topping-out from its registered daily high @79.70. Close enough for the first stage price level of 80.05/10 initial objective; which have successfully broken-away from its technically oversold condition along with its major foreign counterparts.

Although, price action has been lackluster, as the market participants are again fixated on any possible fresh cue that can be derived from the FOMC report due today. The overall stand as reaching a patched-resolution on the government's partial closure, debt ceiling and the Fed having to scale furhter forward its tapering schedule has made the major market investors shift investable cashflow towards the stock market. Since the expected time-table for Washington politics to again be present by the middle of the first quarter of 2014; regrouping strategy of portfolio diverfication would be in order. Since the closing month for October and opening of the new November month is currently at hand, trade position and price adjustments amongst institutional fund mangers would ertainly take place.

Price Action & Market Behavior ll