Gold Breaks Support, USDCNH Breaks Resistance but S&P 500 Circling Ahead of UofM

It will likely prove difficult to spur the S&P 500 or other distinctly ‘risk’ oriented benchmarks to a serious run until the Fed decides on whether to hike 100bps next week. Yet, that doesn’t mean the market is relegated to quiet until then. Gold and USDCNH have broken key technical levels with data including UofM sentiment ahead.

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