Dollar Gets Its Last Chance This Week to Mount a Reversal Via Inflation

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Nasdaq, AMC, USDJPY, Dollar and USDCAD Talking Points:

  • While the S&P 500 joined the Nasdaq 100 in marked an increasingly extreme level of inactivity, there remains a heighted speculative appetite for assets like AMC
  • A surprise tumble from the Japanese Yen, pushing pairs like USDJPY and EURJPY through technical boundaries, will need assistance to translate into momentum
  • Top event risk to end the week is the Fed’s favorite inflation indicator, the PCE deflator, which can tap into fear for ‘risk’ assets or confidence for the Dollar

Seasonal Liquidity Lures Markets Into a Early Holiday Trade…With a Few Outliers

Most of the benchmark risk assets are comfortable with slipping into the warm and still waters of pre-holiday weekend trade, but there remain certain outliers and event risk that traders would do well to track closely. On the data side, Friday’s US PCE deflator…

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