Nasdaq 100 Major resistance is now at 1812.50.
S&P 500 Major resistance is at 1112.38.
DOW 30 Major resistance is now at 10502.
Important News of the Day:
At 11:30 GMT the British Consumer Price Index will be released. The consensus among economists is for a reading of 1.8%. Anything higher could counter-intuitively strengthen the Pound due to increased expectation for a BoE rate hike.
At 12:00 GMT the German ZEW Economic Sentiment will be released. GoForex traders should be prepared for a swift drop in the EUR pairs if the number comes out weaker than the 50.1 expected.
At 15:30 GMT the United States will release its month over month PPI numbers. GoForex traders be aware that any reading at or above 1% will fuel the turnaround in the Dollar and likely send Gold and Silver retracing higher.