NEW YORK (Reuters) - Investors are banking on tame inflation and interest rates to support U.S. stock prices and help counter any concerns over an anticipated slowdown in corporate earnings growth next year.
This week opens with a quieter economic calendar than what we’ve seen over the past few weeks, and given some of the themes that have begun to show with a bit more prominence, this opens up the possibility for trends to avail themselves without the noise of constant near-term data on the calendar.
The corrective rally in bitcoin (BTC) could gather momentum if key resistance above $6,500 is crossed on the back of high volumes, according to technical charts.
Next trading day's important events
- USDJPY: 111.95
- EURUSD: 1.1686
- S&P 500: 2896.97
- NASDAQ: 7945.85