Our Urgent Market Update Video reviews important real-time market developments and their impact on high-probability trading opportunities. Today, we take a close look at what has been a slow market response post a significant week of news.
With a relatively non-eventful start to the week, the first piece of significant market-moving news was US CPI numbers, which came in stubbornly higher than expected, but not high enough to discourage a small market rally (for now). Then, we discuss the BoC, SNB and ECB all deciding to cut rates, creating weakness in the Canadian dollar, Swiss franc and euro. Also, within the week’s news, we got higher-than-expected US PPI numbers and higher US unemployment claims which have created even more indecision.
As a result, we expected a strong move in the USD, which we got, but we also anticipated a bit of weakness in the Indices, which we did not get (yet). However, markets are still in the process of digesting the week’s news so perhaps more USD strength and a bit of weakness in the global Indices may still be on the cards.
Slow Market Response Post Significant Week of News – Full Video Analysis
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