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| JP NIKKEI AVE. |
With the NFP - JOBs data out of the way and the recent rally of the USD: what was overshadowed by the market was the relative correlation of the JP Nikkei Average with the USDJPY. Whereas the market call dated the 26th of October would be in line with the probable surge of the USD. From the price levels of 18900 towards the end of this trading week at 19455. A substantial gain along side the USDJPY. Of course, the call on the USD was the unexpected increase of 271K jobs compared to the previous data of barely 142K that saw a drop on the USD then.
A lot of traders and investors where asking as what happened to the stock market that barely made a move on these reports. However, it is nice to note that having to monitor all three (3) major indices; the JPN225 again, have been over-shadowed simply on the premise that it has become second -fiddle to the China market being the 2nd largest economy since its declaration as such. But for us investor-traders, our first responsibility is to ourselves as investors. By doing our due diligence in trying to be at least one step of the market, in most times as possible. This way we would be able to achieve Alpha trade results by using leverage to equalize risk and maximize full market potential.
That is also why its equally important to secure and keep trading journals dates, market calls, which could be referred to when the time its called for.
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