Dow Jones Holds Near Seven-Month Highs: Levels to Know

Talking Points:

– US equities continue to hold on to recent gains, and the Dow Jones Industrial Average is holding near seven-month highs. The index has made little ground so far in September, and RSI has begun to show divergence – indicating that a deeper pullback may be nearing.

– Stocks have held up quite well through a variety of negative headlines and potential factors of pressure, highlighting just how strong that push has been on the bid. As global equities have put in a fairly strong showing so far this week, with both the DAX and FTSE recovering while the Nikkei has embarked on a vivid topside breakout – the potential for further gains remains in the Dow.

– DailyFX Forecasts on a variety of currencies such as the US Dollar or the Euro are available from the DailyFX Trading Guides page. If you’re looking to improve your trading approach, check out Traits of Successful Traders. And if you’re looking for an introductory primer to the Forex market, check out our New to FX

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