Lawrence's Comment
Recap
Dow consolidated around Y-0 until FOMC announcement. After announcement Dow rushed to 100% absolute range expansion target and stalled from there. Closed the week above Y-0 and near midpoint.
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EURUSD Apr 28 to May 02 Outlook
Lawrence’s Comment
Euro held its support and drifted higher since. Another tight range week. Closed the week above Y-0 and midpoint.
Outlook
2nd tight range week in a row gives us breakout mode. There is no direction until euro clears Y+1 or B-1 decisively. Wait and see.
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