Reversal Day?

We have an interesting day on our hands today after another sharp dump last evening in early Asian trading. Prices began to recover in London and then, once we got the flash PMIs for April, they surged higher and are now back into the green on the day. This leaves open the possibility of a nice reversal candle for the daily chart.

So welcome to Tuesday. As mentioned above, it was a not so welcome beginning last evening in Asia/China after another surge of selling took the PMs down to new lows for the week....

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Key Economic Events Week of 7/22

7/23 9:45 ET July Flash PMIs
7/23 10:00 ET Existing Home Sales
7/24 10:00 ET New Home Sales
7/25 8:30 ET Q2 GDP first guess
7/25 8:30 ET Durable Goods
7/25 1:30 ET Comex option expiry
7/26 8:30 ET PCE and Core PCE
7/26 8:30 ET Personal Inc and Spend

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