My colleague Greg Michalowski has the break day for the US Labor Day vacation right this moment however he produced an awesome video outlining the technical ranges in play this week.
I anticipate markets to quiet from right here with OPEC and the UK PM choice wrapped up so it is a good time to take a look on the charts. Beginning at 8:30 on this video, Greg begins with EUR/USD and goes by way of the majors, wanting on the technicals, the biases, a number of the dangers and targets.
I believe it is a good time to be watching the charts as a result of we’re at so many massive, long-term ranges on the USD charts. Greg’s techncial evaluation might help you to handle threat or discover entries as a result of when a few of these charts break (or maintain) there might be some washouts.
The information in Europe on power is not good and the property bubble in China is bursting. That is going to result in extra disorderly flows and we’re coming into a interval of the yr of upper volatility.
