While USD Continues strength For
Now
Non-Farm Payroll figures have again spoken, that
the US Economy on Jobs and Unemployment are way on its way as the key drivers
for an accelerating US Dollar. Rewinding from our previous commentary on a
positive tone for last week's report would favor the US Dollar.
" The DXY aiming @96.25 probable
extension would only gain some ground with an increase in volumes supported
with a valid catalyst to lift prices."
Market & Price Call as of
March 01, 2015
Although, momentum have fueled beyond our target expectations
which actually extended @97.75 basis point upon the release of the reports.
Buying frenzy on the USD prior to these figures have been the real market
sentiments prevailing. And to no surprise, unwinding some positions
on a Friday for stocks and their corresponding indices and Exchange traded
funds have been anticipated to a certain degree. After the fact? True enough, as
this has been quite a norm after any major risk events taking place. However, this move would eventually shift and spill-over towards Asian & European trading sessions widely expected for the opening of the week.
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