It is important to remember the economy shrank at a 0.6 percent rate in the first quarter. That puts the average at 1.6 percent for the first half of the year.

The GBP/USD weekly forecast has turned bearish after the price significantly declined last week, reaching 7-week lows near 1.3320.

While the stock market ignores risks from a potential government shutdown, wavering market breadth tells a different story. Moreover, gold and silver continue to rally as the lonely parts of the market that care about risks.