Short

S&P 500 MOVING BEARISH?

As we can see there is a strong indication for bears to take over this market next week ( maybe till the NFP comes out) otherwise we see no reason for buyers to push the price up higher, technically speaking.

on the fundamental side, we will need to keep an eye out for the following news
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NOTE: THIS NEWS IS IN CENTRAL AFRICAN TIME
MONDAY
13:45
USD S&P Global Manufacturing PMI(Jul)
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14:00
USD ISM Manufacturing Employment Index(Jul)
USD ISM Manufacturing New Orders Index(Jul)
USD ISM Manufacturing PMI(Jul)
USD ISM Manufacturing Prices Paid(Jul)
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TUESDAY
USD Fed's Evans speech
22:45
USD Fed's Bullard speech
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WEDNESDAY
13:45
USD S&P Global Composite PMI(Jul)
USD S&P Global Services PMI(Jul)
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14:00
USD Factory Orders (MoM)(Jun)
USD ISM Services Employment Index(Jul)
USD ISM Services New Orders Index(Jul)
USD ISM Services PMI(Jul)
USD ISM Services Prices Paid(Jul)
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THRUSDAY
12:30
USD Goods and Services Trade Balance(Jun)
USD Initial Jobless Claims(Jul 29)
USD Initial Jobless Claims 4-week average(Jul 29)
16:00

USD Fed's Mester speech
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FRIDAY
12:30

USD Average Hourly Earnings (YoY)(Jul)
USD Average Hourly Earnings (MoM)(Jul)
USD Nonfarm Payrolls(Jul) NB!!!
USD Underemployment Rate(Jul)
USD Unemployment Rate(Jul)

LUNGU_FX

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