The same factors continue to drive gold lower, and with it looking to trade below major support it’s poised to continue falling.

Oil prices plunged for a third-week but held above key technical support- threat remains for major price inflection. Levels that matter on the WTI weekly technical chart.

While I would not argue with the sentiment that the top, singular scheduled event risk on deck for the coming week is the FOMC rate decision, the course of markets like the major indices and US Dollar will likely draw on something more deeply fundamental and visceral.

GBP/USD is crumbling under the strength of the U.S. dollar as markets look forward to the upcoming BoE and Fed interest rate decisions