The major currencies have remained relatively mixed and mixed this week, with only the Aussie showing any conviction in my opinion. And yet, AUD/USD is pushing into resistance from its August high of 0.7125-36. The dollar remains largely volatile as we turn our attention to next week’s Fed meeting. So far, however, stocks appear to be the biggest gainer of the week, with strong gains yesterday. The SandP 500 rose to more than a six-week high as bulls await a technical break above the 200-day moving average and major trend resistance: SPX I mentioned earlier this week that I would be bullish on the break. above 100 and it will remain even as the bulls start to show more determination in the last two sessions. Going forward, it could be quiet in Europe before all activity resumes in the US after today’s PCE data. 0800 GMT – Spanish Q GDP Preliminary 0900 GMT – Eurozone December M3 Money Supply That’s it for the previous session. I wish you all the best in the coming days and success in business! Be safe out there.

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