Price Action Analysis: EUR & GBP vs. DXY

The hype played on the NFP again have dampened most of the market's mix sentiments, as the data released were well within expectations that somehow overshadowed the Dow's surprising triple digit decline.

Although, there were some early signals from the previous week's reports on Wall Street that most institutional money managers have indeed started to unload some positions before the decline materialized yesterday.

Meanwhile main-street investors were encouraged with the some companies performance after the market sessions such as Facebook and Twitter have suffered the most from this decline. But today's figures have initially placed a cap on the Dow and the S&P which has been correlated with the geopolitical uncertainty that would affect the European community which would spill over towards the American market in the near term. Certain market distortions are in place as the backdrop of these tensions on the geopolitical front weighs on investors sentiments that allows price volatility to come & go after certain market moves have been made.  Click here