Either it was the quadruple witching effect or the weekend uncertainty, the U.S markets went against a brick wall a bit before lunch hour, New York time. Uncertainty was king with volatility throughout the day, however without any big variation, but with a small constant zigzag fuelled by the heavy volume, with 8.6 billion deals, way over the 7 billion registered in a normal day.
On the Forex market, the U.S dollar continued to feel the heat from a more dovish FED and receded -0.2% against a basket of other majors currencies, allowing the Euro to score a nice hefty 0.7% advance to the $1.1372 mark. It was a Bulls dream week, however as Jim Cramer said on CNBC, Wall Street is way ahead of the real economy, so that is a major red alert.
Photo by Hugo Jehanne.
