Thursday, August 5, 2010

Market in choppy territory

As you can see from the graph, trading has been quite choppy today. Uncertainty is affecting the market, and we'll have more clarity at 14:30 when the Unemployment claims from the US is released.

The expected number of claims is 456 000, which is lower than the previous periods' 457 000 claims. Any large deviation will dictate the market direction.

Safe trading

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