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Upside movement of the market was halted in last week, due to two reasons.
1. Introduction of the new trading system
2. HR council meeting in Geneva.
Market momentum was halted with the introduction of the new trading system, which was unfamiliar for lot of users. Problem was aggravated by the compatibility issues of front end systems, such as Direct FN and CDAX. Earlier implementation date was postponed to sort out the compatibility issues. But now it’s very clear that those who are responsible for the trials have not done their job properly. I think authorities cannot escape from the blame as it's their responsibility to carry out system upgrades without much confusion.
Lot of guys were expecting an USA sponsored resolution against Sri Lanka, during last week. But it didn't happen and by looking at the news reports it's highly unlikely that US will move such a resolution now. Even they brought in a resolution it's highly unlikely that they will get the required support. Opposition for such a resolution is higher, not because majority is supporting SL, but most of the countries fear that it will set a bad precedence.
Anyhow now no fear of a resolution, at least till 14th March 4, 2012.
So we are entering in to a new week without much negativity.
In which direction the market will move from tomorrow onwards?
1. Introduction of the new trading system
2. HR council meeting in Geneva.
Market momentum was halted with the introduction of the new trading system, which was unfamiliar for lot of users. Problem was aggravated by the compatibility issues of front end systems, such as Direct FN and CDAX. Earlier implementation date was postponed to sort out the compatibility issues. But now it’s very clear that those who are responsible for the trials have not done their job properly. I think authorities cannot escape from the blame as it's their responsibility to carry out system upgrades without much confusion.
Lot of guys were expecting an USA sponsored resolution against Sri Lanka, during last week. But it didn't happen and by looking at the news reports it's highly unlikely that US will move such a resolution now. Even they brought in a resolution it's highly unlikely that they will get the required support. Opposition for such a resolution is higher, not because majority is supporting SL, but most of the countries fear that it will set a bad precedence.
Anyhow now no fear of a resolution, at least till 14th March 4, 2012.
So we are entering in to a new week without much negativity.
In which direction the market will move from tomorrow onwards?
