What A Week! U.S. News Cycle Recap 9/4/17-9/8/17 - Forex News by FX Leaders

What A Week! U.S. News Cycle Recap 9/4/17-9/8/17

Posted Friday, September 8, 2017 by
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.

DJIA WeeklySomehow, 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.

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About the author

Shain Vernier // US Analyst
Shain Vernier has spent over 7 years in the market as a professional futures, options and forex trader. He holds a B.Sc. in Business Finance from the University of Montana. Shain's career includes stretches with several proprietary trading firms in addition to actively managing his own accounts. Before joining FX Leaders, he worked as a market analyst and financial writer.
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