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Market Sentiment Finishes the Week with Subtle Lack of Clarity

Posted on April 16, 2009 at 22:08 in Commentary, Market Analysis by Tim Salem

 

Hapy Friday, Everyone!

We come to our final Day of the Trading Week… and all we really have to show for it is… Uncertainty and Directionless Sentiment… ( speaking in general terms more or less… ).

We have been Attracted To… and Repelled From… various Static and Dynamic Levels all over the Currency Units themselves… and the winding and unwinding IntraDay Correlations have simply added to the Ambiguity moving forward.

As all of you know… the Concept of “Consolidation” is so prevalent in these Markets lately… that I feel I type the Word in my sleep!… hee hee hee….

As we always say… It Is what It Is…… so we Work with what we are given.

With all of the Macro-Data and so many Levels of Repair… Rhetoric… Quantitative Easing… Repatriation… New Global Policy… and everything else in dealing with all the Recessionary Elements…

It is no wonder the Units are “confused” and flailing about in these Larger Ranges!

We travel around again, and this time bring in EUR/USD, Gold, GBP/JPY, and Crude Oil to find some “Clarity” concerning the “LACK of Clarity” that we really do have… Pun Intended!

Give the Captures a Click, and Post-Time is 3:10 GMT.

 

 

 

 

 

 

Moving forward, we will see if any “Catalysts” come our way… and please join me around 7:00 GMT for the “Currency Majors Technical Perspective”  as well!

;-)

 

 

 

Tags: correlation, crude oil, EUR/USD, GBP/JPY, gold, Price, range

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