Good Morning Traders
Hope everyone is well and recovering after the extended weekend. Things have started off the new quarter relatively quiet in the first few hours of trading. The only major thing to note so far is that the USD is trading a bit softer but we do have a significant amount of US data out later on in the week which should help with a bit of direction and get the ball rolling again. It will be interesting to see if the strong USD and a strong SPX will continue as it has last month. In terms of things a bit closer to home the Euro is off its lows but we will be continuing our 'Selling Rallies' psychology as there is plenty of turmoil still surrounding the eurozone and we would not be looking to hold any long positions until we get some conformation that things are improving.
Lets keep money off the table until we can establish the mood across the markets, there has been a lot talk of profit taking as soon as the SPX made its new high, and we shall wait for the respective triggers before placing any trades. Also just to note that we are back on our usual timing sequence as the clocks went forward over the weekend.
No comments:
Post a Comment