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At The Close | APR 2006
At The Close by Tony Juste
Stocks & Commodities V. 24:4 (98): At The Close by Tony Juste Expectations Of A Rangebound Market Expectations have tremendous importance in the decisions of speculators, and that may lead them to ignore other variables of the market. Here’s a recent story of the euro/US dollar. After the release of the US unemployment report on February 3, 2006, the euro took a hit against the dollar as the pair dipped down below the 1.20 level for the first time in four weeks. Remember that since a temporary bottom was hit in November 2005, the single currency started a semi-rally on a daily basis that might well be over for now. I call those an “expectations rally.”
by Tony Juste
Technical Analysis of STOCKS & COMMODITIES
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