And whenever persistent negative bias remains with investors trend sentiment further declining interest for the USD would prevail. However, the drop in unemployment figure at 6.6% thereafter resulted into a mix signal that provided the closing pullback for the USD. The decline in the USD likewise lifted Stocks and the SP that provided a better valuation for a declining USD value which out-weigh any further decline in stock prices and supporting the precious metals @1267.15 along side crude oil recovering back to its December price levels @100.10 ; respectively.
MEGATRADE101.com - The Business of Making the Right Trading Decisions Beyond Charting & Price Action Analysis
Monday, February 10, 2014
Weighing Jobs Data vs. Price Impact
This video highlights the price impact seen in the market from the mix data of a disappointing jobs figure of a mere 113k that drove the USD Index decline to as low as 80.60. Where we can find the key support price nearest to the 80.05/10 basis point of price reference as a critical area.
And whenever persistent negative bias remains with investors trend sentiment further declining interest for the USD would prevail. However, the drop in unemployment figure at 6.6% thereafter resulted into a mix signal that provided the closing pullback for the USD. The decline in the USD likewise lifted Stocks and the SP that provided a better valuation for a declining USD value which out-weigh any further decline in stock prices and supporting the precious metals @1267.15 along side crude oil recovering back to its December price levels @100.10 ; respectively.
And whenever persistent negative bias remains with investors trend sentiment further declining interest for the USD would prevail. However, the drop in unemployment figure at 6.6% thereafter resulted into a mix signal that provided the closing pullback for the USD. The decline in the USD likewise lifted Stocks and the SP that provided a better valuation for a declining USD value which out-weigh any further decline in stock prices and supporting the precious metals @1267.15 along side crude oil recovering back to its December price levels @100.10 ; respectively.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment