Is it time to short the GB Pound or the EURO?

Although we have more than 1,100 companies reporting earnings this week, we’re not seeing a lot of big names.

We’re continue to follow key reports which may give us some visibility into inflation. First, on Tuesday, we have the Producer Price Index at 8:30am EDT, followed by the Consumer Price Index on Wednesday 8:30 EDT.

Finally, the USD has seen a double bottom formation, which may suggest a trend reversal. The GBP is showing a similar pattern. If the dollar continues strength to the upside, that may present a shorting opportunity for the EUR or the GBP.

As always, if you’re in the markets, make sure you have a plan which starts with risk management.

[kevinyoung]

This uptick in the market could hit a huge wall when the media decides to start talking again about the debt ceiling that occurs again the first week of Dec!

[hassancohmdan]

Me as a European buying dollar stocks IQ +999

[genelongobardi]

Well done as always Merlin and OTA! "Must Know" for sure.

[ocaptainnc]

As always, the charts will tell us whether we should go long or short... News can be deceptive.

[Kgetit]

Yay! I’m the first one! Love the new background!

[mikechevalier]

Great way to gain more information. Thanks OTA!!

[danshoff]

Awesome insights from Merlin as always!

[evanmorisset]

Thank you as always Merlin. I always have the MMMKs in my Pre-Market Routine on Mondays!

[gaylenegalliford]

Watch for the reports coming out this week.