Oil prices plunged for a third-week but held above key technical support- threat remains for major price inflection. Levels that matter on the WTI weekly technical chart....
While I would not argue with the sentiment that the top, singular scheduled event risk on deck for the coming week is the FOMC rate decision, the course of markets like the major indices and US Dollar will likely draw on something more deeply fundamental and visceral....
U.S. consumer sentiment extended its recovery in September, likely bolstered by falling gas prices, but the improvement is failing to boost risk appetite ahead of the Fed decision next week....
The Euro is facing a range of central bank headwinds next week with the FOMC rate decision the most significant. Parity may soon turn into stiff resistance for EUR/USD....