USD High Impact Releases Coming, Three of 'Em!
In about 1.5 hours three USD high impact releases hit. Meanwhile AU, EU, and GU have had an initial selloff and are currently being hiked back up by the MMs, who under these circumstances sure look like bears! If so, the US open MMs will add to the mix of bears and there is no telling how high prices might be resurrected before the next heavy selloff.
If the MMs are real strong bears they might even pull off some whipsawing today to wipe out all the other bears and suck into the market "wrong side" pending long orders (both actions create liquidity for the MMs to get more of their own short orders filled). That is always a possibility, so beware of tight SLs if you want to stay in a trade.
Might the MMs suddenly show as being bulls? That too is always a possibility, but with increased activity at the very highs yesterday, and also in the Asian session today, it seems less likely.
-tah
In about 1.5 hours three USD high impact releases hit. Meanwhile AU, EU, and GU have had an initial selloff and are currently being hiked back up by the MMs, who under these circumstances sure look like bears! If so, the US open MMs will add to the mix of bears and there is no telling how high prices might be resurrected before the next heavy selloff.
If the MMs are real strong bears they might even pull off some whipsawing today to wipe out all the other bears and suck into the market "wrong side" pending long orders (both actions create liquidity for the MMs to get more of their own short orders filled). That is always a possibility, so beware of tight SLs if you want to stay in a trade.
Might the MMs suddenly show as being bulls? That too is always a possibility, but with increased activity at the very highs yesterday, and also in the Asian session today, it seems less likely.
-tah