The focus today is on US PCE data before broader market sentiment may take a hit ahead of next week’s Fed meeting. However, trading at the end of the month gets a bit complicated, so that is something to consider in the coming days. Added to this is the SandP 500 technical breakout test shown below. That said, I would only be convinced of a bigger upside if the 100 break might not come until we get to the Fed next week. SPX The major currencies aren’t doing much and I’m still watching the Aussies at the moment, preventing the dollar from breaking out. How do you feel about the market right now? Share your thoughts/ideas with the ForexLive community here.

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