Thursday, May 8, 2014

Price Action Volatility

UPDATE: Points of Variable Reference :

As of May 08,Thursday 10:10: USDJPY trade position settled with the USD Index registered a low @78.90bp (objective Highlighted below near 78.80) @101.58

A price reversal on comments from ECB Mario Draghi open to Intervention has drag the EURUSD pullback from the high @1.3995 Again, adding to lower US jobless claims supported the USD lift. But caution: should be exercised as price action coming from European side and watch succeeding US reports. 

Near Term Spill-over is expected across the board on a USD  sudden price lift due to these comments and reports. But still favorable for the Dow Jones; stocks lift as of this writing.

Very volatile! Only the Best for your trades! 

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