OctaFX | OctaFX Forex Broker
Open trading account

SEB: S&P500 far deeper than thought - eFXnews

FXStreet (Łódź) - The eFXnews team observe that the SEB expects a chaotic S&P500 move in the near-term.

Key quotes

"Yesterday’s dip, eh, free-fall did more than just recheck a mid-body point; it also violated support at 1,969."

"The low and bearish looking session close puts pressure on dynamic support starting at market at the high end of the bullish 'Cloud'."

"If not stopping here, the Aug7-Sep19 Fibo grid (1,954/1,919) and an 'Equality point' within at 1,947 may have to endure a test. Refs above to keep in mind at: 1,976 & 1,992/94."

'This content has been provided under specific arrangement with eFXnews.'

US NFP and ISM reports to set market tone ahead of October FOMC meeting - ING

According to James Knightley from ING points to the US employment data to be released next week as factors which will weigh on the Fed's policy decision in October.
Read more Previous

EUR/USD regains 1.2750

The shared currency is back around the mid-1.2700s on Friday, with the EUR/USD recovering ground from fresh multi-month lows just below 1.2700 posted yesterday....
Read more Next
Start livechat