Because 30 went back and forth during the day on Friday, and as a result we ended up forming a relatively neutral candle. This is not a surprise on a
Because 30 went back and forth during the day on Friday, and as a result we ended up forming a relatively neutral candle. This is not a surprise on a Nonfarm Payroll Friday, which of course brings a lot of noise into the marketplace. However, the reality is that hiring did pick up in the United States, and as the Dow Jones 30 is full of blue-chip stocks, it makes sense that people will start to buy those companies as the economy looks a bit healthier. With this, we remain bullish and are buying pullbacks and show signs of support and of course breakouts to the upside.
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
