A positive, “risk on” tone across global equity markets this week has been reinforced by US equity averages again moving to new 2019 highs at yesterday’s moth-end.
This has been assisted by the further shift to a more dovish stance by the FOMC of the Federal Reserve on Wednesday.
Of particular note has been the S&P 500 push this week above a key resistance level from December 2019 (see details below), which has shifted the intermediate-term outlook to bullish.
Today’s US Employment report, which contains the significant Average Earnings data will be much watched.
See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/equities-stay-firm-into-us-employment-report/