Futures are flat ahead of today’s important initial claims data and tomorrow’s PCE print. These will be among the most important data for the FOMC’s rate decision next week.

If the Fed is looking for weak jobs data, this morning’s print will be the last best chance to justify a rate cut.

continued for members…

Currencies are still on track to go nowhere, with EURUSD’s SMA200 tag coming up… …and DXY still undecided.But, keep an eye on SI, which is coming up on our 60.20 target – important Fib resistance – while GC is still having trouble breaking above 4223.

Big downturns in December are very unusual. But, there’s a lot riding on the Fed’s upcoming rate decision.

I will be on the road tomorrow and early next week. So, I’ll only post if something unexpected occurs.

GLTA