SPX500 Analysis
SPX500 looks strong this morning after key inflation numbers came in yesterday. Price broke above a previous top and is now in the 61.8% fib retracement zone. Right above that is a long term falling trend line on the 1D timeframe which could be enough resistance to deter investors from getting too bullish as the Fed plans to continue to raise interest rates. A good price target for the index might be in the $4300s.

Should You Buy The Pound Before Tomorrow?
Tomorrow, the UK is going to announce their monthly adjusted GDP for July. Pound pairs are volatile today while uncertainty and doubt in the central bank's policies going forward. The direction of GBP will likely be shaped by tomorrow's numbers, but here are some factors to consider.

https://a1trading.com/should-you-buy-the-pound-before-tomorrow/

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A big break in support on pound-kiwi looks extremely bearish for the pair. If this candle closes below the 1.90674 level, we could expect further downside for some time. A new level of resistance looks to be in the making on the 1D timeframe which would be a tough level to break back above. The Edgefinder is giving it a sell signal of -5 after being at -2. This could be an indication of further lows to come on this pair as momentum is starting to look weaker.

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Buy Kiwi Now Before Rate Hike
Next Tuesday, the RBNZ will announce their new official bank rate which is expected to be 3%, a 0.50% rise from July. This hike will make it the highest yielding major currency on the market. Here is why you should consider buying the kiwi before Tuesday's decision as well as some strong NZD long setups.

https://a1trading.com/buy-kiwi-now-before-rate-hike/

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Why Global Recession Is Still Likely
On Friday this past week, the United Kingdom’s Office for National Statistics released the latest reports on the UK’s Gross Domestic Product (GDP), a means of measuring economic output. It was revealed that their economy grew by -0.6% month-over-month, and -0.1% quarter-over-quarter, which entails a contraction for both timeframes. Although these numbers are less disastrous than had been forecast, they are unfortunately part of a trend: New Zealand has also suffered a contraction in GDP, while the United States has experienced two consecutive quarters of contraction, a technical recession. While these declines in output are historically strange, seemingly contradicting recent phenomena like relatively high levels of employment and stock market rallies, they ought to be taken into account by traders nonetheless.


https://a1trading.com/why-global-recession-is-still-likely/

Has Everything Changed for Major Pairs?
This week the public received startling news: on Wednesday morning, month-over-month CPI (a proxy for inflation) in the United States had unexpectedly remained static, clocking in at 0% whereas a moderate 0.2% increase had been forecast. Core CPI (which excludes food and energy prices) likewise came in lower than anticipated at 0.3% month-over-month, while Thursday saw the Producer Price Index surprisingly decline 0.5% month-over-month. This prompted a mass selloff of USD across major pairs on Wednesday and Thursday, with the US Dollar Index (DXY) temporarily plummeting by 1.8% from the start of the week while stock indices soared. While demand for USD has recovered a bit since, with the DXY now down only 0.87% from Sunday, it is worth asking: has everything changed for major pairs?


https://a1trading.com/has-everything-changed-for-major-pairs/

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