What A Week! U.S. News Cycle Recap 9/4/17-9/8/17
Shain Vernier • 2 min read
It has been a crazy news cycle this week facing U.S. equities and assets. To be honest, I do not remember such a full slate of extraordinary events coming across the wire in a five day period. As a result, the markets of U.S. equities, the USD, and global commodities have seen considerable action.
It is a cliche’, but no news is good news. For traders, this can be an undeniable truth or fervent lie; it all depends upon the trading strategy. During active news cycles, the use of a robust forex signals application can be a great way to stay one step ahead of changing markets.
This Week’s Surprises
Surprises create volatility, risk, and opportunity. Let’s recap a few of the biggest surprises from the week:
North Korea’s successful hydrogen bomb test
Harvey’s fallout comes into focus
Hurricane Irma bears down on the Eastern U.S.
Mexican earthquake measuring 8.1 on the Richter Scale
Amid all of this chaos, U.S. equities held their ground.
Somehow, The DJIA Avoided Weekly Correction
Both the S&P 500 and DJIA avoided entering corrective territory, although both markets are in a consolidation phase. The USD has not been as fortunate, as it has weakened across the majors.
Where Are We Heading?
It is hard to fathom that next week will be as active as this one, but who knows? That is the thing about uncertainty; no one knows anything about it!
For now, we have substantial compression in U.S. equities indices. This will give us some chances at catching an upcoming breakout or two. Fading the USD from Fibonacci retracement levels will also be on the radar.
All in all, it has been a nearly unprecedented weekly news cycle. Kudos to all that have profited! Stay tuned throughout today’s U.S. session for trade ideas and market analysis.