Hey everyone, we finished up this week but barely! The previous two weeks saw price action move lower. We have just kicked off 3rd Quarter Earnings Season and so far it is a mixed result; if a company misses they get severely punished and if they beat price action moves slowly higher. Most markets have come to terms with the idea Central Banks are beginning to withdraw stimulus support and now we have the US FEDs looking to raise rates sooner rather than later; –in fact the forecast is for a 65%+ probability of a rate hike this December. So we are seeing most price movement within a larger range with most money on the sidelines until we can get thru the US Elections, Earnings and the potential rate hike this December. Here is my take on this current market in our video update for this week.
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