The NASDAQ gapped higher at the open on Wednesday, and the drove all the way to the 5180 handle. However, we found that the markets were not overly
The NASDAQ gapped higher at the open on Wednesday, and the drove all the way to the 5180 handle. However, we found that the markets were not overly confident, and as a result we pulled back. We think this is simply a market that isn’t ready to put a whole lot of risk on before the Nonfarm Payroll numbers coming out on Friday. With this, we think that the markets are ultimately going to be bullish, but we might be a bit skittish between now and then. With that, we are sitting on the sidelines during the day on Thursday.
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.
