Looking at the upcoming week of September 15, Chris has identified for Forex markets that could be players. That being said, the focus for this week will most certainly be on the GBP/USD pair. Also featured in this video though are the EUR/USD pair, the USD/CAD pair, and the USD/JPY pair. Ultimately, the British pound will be the focus, but there should be plenty of action in the US dollar overall.
Chris looks at the only game in town today - the GBP/USD pair. This market will be the focus as the Scottish vote on the future of their country. With this, we look at this pair...
Chris looks at the upcoming Friday, September 19 trading session in the S&P 500. With the Thursday session looking very bullish and breaking above the recent highs, it appears that the S&P 500 is ready to continue going much higher. With that, there should be plenty of buying opportunities every time this market pulls back, as the bullish takeover.
Ultimately, we believe that the S&P 500 will rise to the 2100 level, and perhaps even further. After all, the United States is the only place that people seem to be comfortable parking money at for any length of time, and of course the bond markets are offering absolutely no yield. In other words, money is being pushed into the stock market. There is the bit about the Federal Reserve perhaps cutting back on quantitative easing completely, but quite frankly that's the sign of a strengthening economy and therefore should be reflected well in the stock markets.
Chris looks at the upcoming Friday, September 19 trading session in the GBP/USD pair, the feature of the day obviously due to the Scottish Independence Vote. It looks as if the market has already made up its decision as to what it expects, as the British pound has been gaining strength during the session on Thursday. With this, we are already long of this pair, but we do take a look at this chart for some of the contingencies that will have to be addressed with both a "yes" and a "no" vote.