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| SPDR SP500 ETF |
In reference to our previous market view, the USD correction and its mild manner behavior have provided some ideal momentum built-in from the past couple of trading days. While a reasonable increase in the open interest reflected that this has driven a rally and some breath of fresh positioning at the start of the trading week with the stock market indices.
As mentioned, whenever the closing prices maintains their current levels from last week's closing the overall picture of the trend remains to be intact. Today's move have proven to be true and correct. But contrary to this outlook, we do have some traders and analyst seeing the opposite. As the NFP #'s would be another risk event that would be focused on Friday.
Additional Info: SGDJPY Cross Rate
NOT JUST FOREX: SPDR SP500 ETF
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