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What makes a market? Yesterday’s blog and subsequent discussion reminded me a lot of how things used to be. It is important that we share ideas. If it takes someone to be provocative or controversial to get people talking then that is a good thing for us all. For me it is to understand the mentality and thinking of the participants in these markets but I am also trying to help to broaden the horizons of those who are new to FX or trading in general. Want to read more? Go to http://www.sarrafx.com/en/view-blog-article/47/What-makes-a-market?
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In much the same way that markets awaited the first week of September to see the market spring back into life and into the second week for the announcements and measures that would set the tone for Q4 we now await the next peak or trough on the rollercoaster. Last weeks’ information has been digested and markets looked on Germany, The ECB and The Fed as positive for risk but not so positively that they feel we should shoot for the moon and stars. The Euro has been on a huge rally that has taken it 1100 points higher from the low seen in July. A correction of 50% of that rally would be a popular technical view and the pullback from the high has to some extent already started that move. Read More: http://www.sarrafx.com/en/view-blog-article/45/Delaying-the-Inevitable
