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| CABLE AS OF 6.03.16 |
With the miss on JOBS data despite a 4.7 unemployment rate; the USD has held with very minor corrective session moves. Unlike the volatility seen in the currency market, where the relative strength of the #YEN, #CABLE & the #EURO have seen a very good price coming back from behind its healthy declines
With CABLE rising back towards the 1.4580 levels, EURO @1.1340 and the Japanese Yen's gaining strength back towards the 106.80 have been a good price swing that had obviously caught some traders off-balance due to a disappointing report coming from the US labor department.
The resiliency of the SP500 shows that the probability of a June hike may push the FED for a July rate hike which should not be discounted by the market. Thus the ability for investors to see this in a positive outlook could be an encouraging sign. Yet again, the market's uncertainty still prevails with investors weary of the rate hike in spite of a mix report.
Therefore, Price Swings and relative market behavior will again take much of the trader's real market outlook more than ever. This consolidation of a wide range bound trading would until a true market conviction and price break would occur.
The resiliency of the SP500 shows that the probability of a June hike may push the FED for a July rate hike which should not be discounted by the market. Thus the ability for investors to see this in a positive outlook could be an encouraging sign. Yet again, the market's uncertainty still prevails with investors weary of the rate hike in spite of a mix report.
Therefore, Price Swings and relative market behavior will again take much of the trader's real market outlook more than ever. This consolidation of a wide range bound trading would until a true market conviction and price break would occur.
