Although we have more than 1,100 companies reporting earnings this week, we’re not seeing a lot of big names. We’re continue to follow key reports which may give us some visibility into inflation.
First, on Tuesday, we have the Producer Price Index at 8:30am EDT, followed by the Consumer Price Index on Wednesday 8:30 EDT.
Finally, the USD has seen a double bottom formation, which may suggest a trend reversal. The GBP is showing a similar pattern. If the dollar continues strength to the upside, that may present a shorting opportunity for the EUR or the GBP. As always, if you’re in the markets, make sure you have a plan which starts with risk management.