Last week: The first full week of trading after the announcement of the Biden/Harris US Election win was skewed towards risk-on with flows into stocks and copper, out of the safety-haven Gold and with a lower VIX. Monday’s announcement from Pfizer about positive Covid vaccine news helped to support this momentum. The S&P500, DJIA and […]
The Kiwi continues to lead the charge of all the currencies and this, as well as the S&P500 were the only real b/o moves last session. The US$ is approaching significant resistance again so watch this region for any new make or break.
There hasn’t been a lot of change since yesterday’s update apart from support for GBP pairs on the back of upbeat jobs data. Most charts show consolidation activity on low or declining momentum.
One of my followers asked me to review the EUR/ZAR and ZAR/JPY Forex pairs. Neither of these exotic currency pairs are part of my usual stable and both reflect that the South African Rand has been under pressure for a long time. However, as with all trends, they don’t run in straight lines forever so […]
Last week: The major news to emerge out of last week was the announcement by numerous news outlets of a US Election victory for the Biden / Harris team. President Trump has yet to concede defeat in the election and this uncertainty will need to be factored into trading in coming sessions. US$ weakness triggered […]