Talking Points:
• A skew in the performance of 'risk' metrics this past week masked a growing unease in the financial system
• With Fall trading conditions supplying volume and volatility, a wealth of catalysts are surfacing
• The Dollar will be in focus in the coming week with NFPs, the PCE and 9 scheduled Fed member speeches
See volume behind the majors during events like Firday's NFPs to gauge your trading approach using the free FXCM Real Volume and Transactions indicators.
Both the USDollar and S&P 500 ended the week within their respective ranges. However, the promise of 12-year highs and threat of a further collapse respectively will build angst amid a dense economic docket and building volume. This past week was one of transition. Following the announcement of the Fed's decision to hold rates, the subsequent week was dotted with few major fundamental catalysts capable of reengaging conviction. Yet, through the lull, sentiment churned and key themes aroused bare global fears. Ahead, we are facing the boundaries of technical ranges as well as a rebound in the range and depth of scheduled event risk. With listings like the PCE inflation indicator (the Fed's favorite), Friday nonfarm payrolls and nine scheduled central banker speeches; US monetary policy will prove a motivating theme. We look at the key events and potential movers in the week ahead in this weekend Trading Video.
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