Dow Perched Just Below Record High and EURUSD Tempting Reversal
Cable has put together a decent rally off the recent low, and there may be more to come in the week ahead with eyes on a couple of long-term trend targets.
The Dollar will find itself burdened with anticipation through the first half of this coming week for an explosion over the second half of the period. No surprise, technical progress will be influenced by the Fed decision.
US crude oil prices put in for their biggest one-week drop since mid-July through Friday but that doesn’t translate into much progress in trend terms. A near-term breakout may take this coming week, but it will still be in a large range.
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