Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of August 15, 2022 here.
, which probably would not have worked well if attempted.at 4172 if it was reached. This could have worked well by going long on Wednesday’s open above that level, which would have netted a profit of 2.10% over the rest of the week.
The risk-on rally that had already been showing signs of emerging came into full bloom after the release of the US CPI data, and the week ended with the S&P 500 Index having recovered more than half its losses incurred during the calendar year of 2022.The US stock market is still in a bear market, but rose again last week, although the US yield curve remains inverted. The US has seen two successive quarters of GDP contraction but is not officially in a recession.
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