S&P 500, Nasdaq 100, Dow Jones Forecast for the Week Ahead
Sellers made a statement this week, printing a bearish engulf pattern after another highly-elevated CPI print, setting the stage for the September FOMC.
Source: dailyfx.com
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US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPY
The US Dollar started the week with massive strength but has since pared gains on the back of a breakout in EUR/USD.
Source: dailyfx.com
S&P 500, Dow Jones and Nasdaq 100 Shrug Off Poor US and Chinese Data
US Indices extended gains even after some negative Chinese data, helped along by a continued pullback in Treasury yields.
Source: dailyfx.com
US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPY
King Dollar continues to push and EUR/USD is showing more symptoms of breakdown ahead of next week's EZ inflation and ECB rate decision.
Source: dailyfx.com
US Dollar Price Action Setups: EUR/USD, GBP/USD, AUD/USD, USD/JPY
The Fed dropped the hammer yesterday but the market reaction was equity strength and USD weakness. Both themes that are already being faded. Tomorrow brings NFP.
Source: dailyfx.com