Market Spill Over - What to Expect!

This market rally on Stocks would spill over to Asia after the overlapping movements in European & US markets have been made. We have to see how the Asian currency pairs through the price action of the Asian Dollar Index (ADXY) which has ten (10) major Asian currency components and stocks would fair the whole trading sessions being the last trading day for the week.

For obvious reasons other analyst may tend to say that today's move  was overdone. With the USD touching off at the 96.05 levels, the Dow moving 300+ points and with both the SP500 & Nasdaq maintaining their respective higher levels.

Meanwhile, on the currency market, the Euro have reacted more reaching further down @1.1106 low after ECB Mario Draghi's comments and hinting more QE measures up its sleeves have together increased volatility in the market. Which likewise prompted the USDJPY back above the 120.50 levels which sustained towards the US closing session.

Just how well these market price swings would remain at its present levels is the next question to be answered tomorrow. This is where the typical trader and investor would have to brace themselves with only one trading day left. Do expect wider price swings as institutional players are deemed to take part of it in the next 24 hours.

ONLY THE BEST FOR YOUR TRADES!

Reference to: Stock Indices Positive Tone