ForexAnalytix Week Ahead Video October 9th 2022
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Blake Morrow of #ForexAnalytix talks about the week ahead in markets following the stronger than expected Non Farm Payrolls data ahead of the most critical data of the month, the US Consumer Inflation data #CPI.
Even though the stock market closed on a weak note, can it trade lower following the CPI data? He looks at the S&P500, Dow Industrials and the Nasdaq.
Blake also focuses on the #EURUSD #GBPUSD and the #AUDUSD which closed at new 2022 lows. He also maps out a setup in the #USDNOK ahead of Norway’s inflation data on Sunday as we factor in a bullish crude oil breakout!
Blake looks at the #USDJPY and talks about the risk of intervention on a break higher towards the 148.00 level.
Blake warns traders that #gold still looks like a bullish setup.
#weeklyforexforecast #forexforecast #forexanalysis #DXY #USDollar #SPX #Gold #Sentiment #trading #forex #EURUSD #GBPUSD #inflation #CPI #PPI #forex #trading #crudeoil #investing
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