Market gaps often occur on a Monday morning here in Asia / Sunday evening US time.
The ones we've seen this morning (evening) have come after Trump's bombin og Iranian nuclear facilities on Sunday:
The gaps usually fill, unless the news is big enough an unexpected enough, for the moves to extend.
On Friday I warned that Trump's 'within two weeks' meant 'anytime within two weeks. This was not insightful, it was there in plain speak. Some traders ignored it but when a guy sitting in his skivvies in Australia wasn't ignoring it you can pretty much bet the attack is not too much of a surprise. Indeed, US equities sank a little on Friday, while oil rose.
The moves since the gaps here at the open have had fill moves, though many not fully, yet.
ES, for example, bounced immedietly from its lows and has has nearly convered its gap
EUR/USD opened lower much earlier and has only 50% or so covered
Oil is of much interest, its partially filled its gap only, pulling back a 'tripl top' I pointed out earleir last week, this set up looks intersting now:
This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
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