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Important Disclaimers The content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. Either way, position sizing will be crucial, just because the market remains very erratic and doesn’t seem to have any real momentum.įor a look at all of today’s economic events, check out our economic calendar. As long as that’s going to be the case, then we need to look at this through the prism of being as nimble as possible. This would be especially true over the next couple of trading sessions, so I think it’s probably a situation where the short-term range-bound trader will probably continue to thrive in this market, simply because hanging onto a trade for any significant amount of time is going to be difficult at this point in time, because quite frankly nobody really has any true conviction. If that’s going to be the case, it’ll be interesting to see how this market moves, but at this point I would assume that we are still stuck in the same consolidation area that we’ve been in for a while, so I would anticipate more sideways and shopping behavior. This week we have seen a lot of volatility due to the fact that the Bank of Canada, and the RBA in Australia have tightened monetary policy unexpectedly, so all of a sudden people were starting to pay close attention to the idea that central banks are serious about fighting inflation.
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