BEARS had three opportunities to take the market LOWER and close the SEP GAP now it seems that they did not have enough fire power.
At this moment with two negative weekly candles there is a good chance that we could end the week in a positive note
SMALL RANGES ON THE MONTHLY CANDLES
EUR/USD donw – USD gaining more power – is 1 to 1 near?
NEWS FROM THE IPOs are not helping the BULLS
From #REUTERS:
Stocks slipped on uncertainty related to impeachment of U.S. President Donald Trump, but losses were limited by trade comments from China’s top diplomat. Treasury yields dropped as investors remained cautious while a strong dollar capped gains in gold prices. Oil prices edged up.
COMING UP IN U.S.
• The Commerce Department is scheduled to report consumer spending rose 0.3% in August, after a 0.6% gain in July. The core personal consumption expenditures price index is likely to have risen 0.2% on a monthly basis in August after gaining 0.2% in July. Personal income likely rose 0.4% in August after increasing 0.1% in July. Separately, the Census Bureau is expected to report that durable goods orders slipped 1% in August after a 2% rise the previous month. The University of Michigan’s consumer sentiment index for September is likely to remain unchanged at 92.0, the same as August’s reading.
• ECB Chief Economist Philip Lane will discuss the
central bank’s deep dive into unconventional policy, the global trade
war and the boundaries of monetary policy at a Reuters Newsmaker event
in New York.
• Federal Vice Chair Randal Quarles will
speak on “Macroprudential Regulation” at Georgetown University Law
Center’s Law and Macroeconomics Conference. Later, Federal Reserve Bank
of Philadelphia President Patrick Harker is scheduled to speak on the economic outlook before the Shadow Open Market Committee Fall 2019 Meeting in New York.
