S&P 500, Dollar and GBPUSD Breakout Pressure Builds, But Beware an AUDUSD Outcome
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S&P 500, Dollar, GBPUSD and AUDUSD Talking Points:
• The recovery rally for the S&P 500 and other risk-leaning assets through the end of this past week didn’t carry over to Monday with the market stalling just off records
• Over the weekend, former Fed Chair and current Treasury Secretary Janet Yellen remarked that slightly higher rates would be ‘good’ – but neither Dollar nor yields caught
• Historical ranges for the likes of the S&P 500, Dollar, British Pound and Australian Dollar crosses are extreme restricted; but are there breakouts ahead?
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