Important events today:

13:30 UTC – US: secondary market home sales volume.

A mixed backdrop is forming for today. On the one hand, I expect the dollar basket index (USDX) to fall to the psychological level of 100, which implies that this currency pair’s quotes will drop to the level of 126.35. On the other hand, the Central Bank of China has been actively printing money and “injecting” it into the financial system this week, which is good for the growth of the stock markets.

The U.S. corporate reporting season is still going on and so far it has been 50/50 with some companies pleasing the market with strong quarterly results and some companies disappointing the market with poor statistics. Next week there will be much more reports, including those of the companies that define the dynamics of SP500 index, so the most interesting is still to come.

Recommendations: flat 128.25 – 129.25.