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Big moves almost always bring consolidations

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 10, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Outlook: We were right that payrolls would solidify the December-hike sentiment, even if we thought it would do it from behind (low number). Getting a high number and also a bigger-than-expected gain in earnings was a bonus. Now we have a shortage of news to trade on until Thursday (eurozone GDP) and Friday (US retail sales). The absence of news gives rein to mischief, including fruitcake ideas about what the hike will mean. We suspect that it has been expected for so long that nothing much

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