Dollar’s Reversal Put on Hold as the S&P 500 Stages a Threat...

Dollar’s Reversal Put on Hold as the S&P 500 Stages a Threat of its Own

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Talking Points:

• Risk-oriented assets have eased over the past week, and the S&P 500 has felt enough pressure to complete a head-and-shoulders
• Meanwhile, the Dollar’s break on its own inverse head-and-shoulders pattern two weeks ago has fallen apart with a drop below 94
• The heads of the world’s largest central banks committed to forward guidance in an era when monetary policy is reversing

We are half way through the fourth quarter. See what the DailyFX analysts’ forecasted for the Dollar, Euro, equity indexes and more through the end of the year? Download the 4Q forecasts on DailyFX. (https://www.dailyfx.com/free_guide-tg.html?ref-author=Kicklighter)

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