Page 4 - Day Range News Today

We are moving into a week that is loaded with event risk – in fact it may be overloaded in so much as events like CPI and the FOMC rate decision can curb trend development

While the S&P 500 jumped its tight range and 200-day SMA, the Dollar was noticeably more reserved in its retreat – the PCE deflator ahead could materially change that backdrop

The S&P 500’s tight 3.2 percent range has stretched to 12-days – the ‘quietest’ in 12 months – while the Dollar has fallen into its own narrow field above the 200-day SMA

The second half of this past week proved very different than its first half with financial stability concerns growing out of the IMF meetings, BOE stimulus withdrawal and Dollar’s charge

US core CPI accelerated to a four-decade high 6.6.percent clip this past session; nevertheless, the S&P 500 turned a large bearish gap into a day’s rally on the biggest range since March 2020

US crude oil is not simply biding its time amid more active conditions in the broader financial system. The commodity continues to exhibit significant realized volatility and has played out 10 to 1...

GBPUSD Price Forecast: Either a New Phase of 15-Month Bull Leg or Reversal 2021-05-30 00:00:00 John Kicklighter, Chief Strategist GBPUSD, EURGBP, GBPJPY and GBPAUD Technical Forecast Talking Points: GBPUSD is just below the midpoint of the range carved out over the previous 7 years with the smallest 8-day range since June 2019 A Sterling break seems a high probability in the proximate future (next few weeks) but broader market conditions will dictate timing Among the Pound crosses, GBPJPY stand...