| | Will the EURUSD, AUDUSD, S&P 500 Rally Continue Next Week? | Risk appetite staged a remarkable advance this past week; but the lack of fundamentals and volume to support the move leaves us leery of how long the run will last. With notable bullish breakouts from the EURUSD, AUDUSD and other important risk-sensitive currency pairs; the counter-trend move has shown it can extend the drive as long as speculative uncertainty either holds or retreats. However, with Europe still in the cross hairs, Q3 earnings in the US heating up and interbank liquidity a constant concern; we need to be ready should the dominant trend reengage. | Best regards, DailyFX Research Team research@dailyfx.com | | | Forex Capital Markets, L.L.C.® assumes no responsibility for errors, inaccuracies or omissions in these materials. Forex Capital Markets, L.L.C.® does not warrant the accuracy or completeness of the information, text, graphics, links or other items contained within these materials. Forex Capital Markets, L.L.C.® shall not be liable for any special, indirect, incidental, or consequential damages, including without limitation losses, lost revenues, or lost profits that may result from these materials. Opinions and estimates constitute our judgment and are subject to change without notice. Past performance is not indicative of future results. | | | |