Vector Securities - Analytics

    Vector Securities

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    The week concludes without any desire to move


    For the whole week, the exchange market hasn’t shown any desire to move and slows down. At the beginning of the week we suggested possibility of such option linked with Good Friday in some countries at the end of the week, what is actually happening. Yesterday there was no specific activity. Trade currencies followed mainly rollback of energy prices and British pound bounced from minimums after publication of the report on retail sales, which wasn’t as bad as analysts thought. The data on US durable goods orders, despite their weakness, were practically ignored by the market. Today liquidity is to be low due to Good Friday, so activity isn’t expected either. Final evaluation of US GDP for the 4th quarter will be published, but under conditions of low activity, market’s dynamics is likely to remain slow. The more so since changes aren’t expected. 
     
    Trade tactics:
    Yesterday conditions didn’t form for our plan – the common currency didn’t reach outline targeted entry level. Bounce from minimums was just symbolic, and doesn’t say a lot. Under conditions of current inactive dynamics, we presume that it is pointless to enter the market. 
     
    Any opinions, advice, news, research, analyses, prices or any other information presented on this webpage is provided as general market commentary and does not constitute investment advice. "Vector Securities" shall not be liable for any loss, including loss of profit, which may arise directly or indirectly from the use of this information. 

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