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  • 9 out of 11 S&P 500 sectors ended lower, with 76% of the index’s constituents closing in the red. Energy (-2.93%), industrials (-1.37%) and consumer staples (-1.26%) underperformed, whereas communication services (+0.23%) and information technology (+0.19%) ended higher. https://t.co/ZhikvkT3L6
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  • Commodities Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Gold: 0.07% Oil - US Crude: -0.25% Silver: -0.57% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/GePM1FoD1w
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 94.42%, while traders in France 40 are at opposite extremes with 78.72%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/oVnfHgqKie
Setups in AUDJPY, AUDCHF, GBPUSD Ahead of FOMC

Setups in AUDJPY, AUDCHF, GBPUSD Ahead of FOMC

Michael Boutros, Strategist

AUDJPY- We've reacted to near-term confluence resistance & while the immediate bias is lower, we'll be looking for this pullback to offer more favorable long entries. Review AUDJPY Update

AUDCHF- Our outlook turned bearish last week after the pair marked an outside-day reversal candle off our final resistance target at 7546/54. Bias remains weighted to the short-side near-term while below this mark. Again here we would ultimately be looking for the pullback to offer better long entries lower down. Review AUDCHF Update

GBPUSD- Sterling came into resistance on Friday at the 2/19 uncovered close before pulling back. Note that this level converges on the median-line extending January low and may offer more significant support near-term. Interim support at 1.4250 with our bullish invalidation level set to the January low-day close at 1.4218. (interested in long-triggers against this level) Review GBPUSD Update

We reviewed these setups & more in today's Weekly Scalp Webinar

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---Written by Michael Boutros, Currency Strategist with DailyFX

Follow Michael on Twitter @MBForex contact him at mboutros@dailyfx.com or Click Here to be added to his email distribution list

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