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Blake Morrow of #ForexAnalytix talks about the week ahead in forex as the #SPX nears the 200DMA. He also analyses the Nasdaq and the Dow Jones Industrials too.
Blake notes that the #NFP #GBP and FOMC speakers may influence the market ahead of next month’s FOMC meeting. He thinks that the SPX near the 4100 level is a big risk for the bullish case.
The US Dollar is also near the 200DMA and with the bearish setups with most currency pairs like the #GBPUSD #EURUSD #NZDUSD and #USDCAD the risk is lower, however, the data this week will be the determining factor.
Blake also looks at the 30yr and 10yr bond market and will use them to confirm US weakness this week.

#weeklyforexforecast #forexforecast #forexanalysis

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