Market Dynamics of EUR/USD Pair: A Tale of Two Sessions
The EUR/USD pair experienced significant volatility during the London and New York sessions. During the London session, the pair depreciated significantly, a move that some traders might interpret as market manipulation. This depreciation could be attributed to a variety of factors, including the anticipation of key inflation data and the breaking of the 1.0860 level, which reinforced expectations of a bearish trend.
However, during the New York session, the pair appreciated, again a move that could be seen as market manipulation. This appreciation could be due to a variety of factors, including the release of robust macroeconomic data from the US and the anticipation of key inflation data. The New York session is known for its unpredictability and high volatility, which could have contributed to this price movement.
Furthermore, it's worth noting that the market volatility could rise toward the end of the European session amid quarter-end flows. Inter-market correlations could weaken heading into the weekend, distorting the impact of the data releases on the pair.
In conclusion, the EUR/USD pair experienced a total sweep before the weekend, with significant depreciation during the London session and appreciation during the New York session. This volatility underscores the importance of monitoring key economic data and market conditions when trading this pair.
However, during the New York session, the pair appreciated, again a move that could be seen as market manipulation. This appreciation could be due to a variety of factors, including the release of robust macroeconomic data from the US and the anticipation of key inflation data. The New York session is known for its unpredictability and high volatility, which could have contributed to this price movement.
Furthermore, it's worth noting that the market volatility could rise toward the end of the European session amid quarter-end flows. Inter-market correlations could weaken heading into the weekend, distorting the impact of the data releases on the pair.
In conclusion, the EUR/USD pair experienced a total sweep before the weekend, with significant depreciation during the London session and appreciation during the New York session. This volatility underscores the importance of monitoring key economic data and market conditions when trading this pair.