[Week 20 - 2023] Trades Recap and Trade Setups

Hey Traders,

This week was dominated by risk off sentiment as inflation worries creeps back in along with the concerns of the debt ceiling. The United States Dollar (USD) experienced an impressive move towards the upside, supporting our view that the Dollar Index is trading cheaply at the 101.00 region. However, equities movement are mixed as the S&P500 index remains strong but the Russell 2000 trades back towards the recent low, giving us a divergence.

Friday is the key highlight of next week as Powell is scheduled to speak.

Upcoming Economic Release:

Credit: ForexFactory.com Time: +8 GMT

S&P500 Futures