The US$ is lower for the week as the markets wait for the result of the US Presidential Election. A Democrat win is now widely expected and the prospect of a divided Congress is supporting risk assets and thereby putting pressure on the US$. The FX Indices are now aligned for risk-on BUT caution is […]

There has been a lot of US Election-related volatility but the US$ index has failed to break above the daily Cloud. Stocks have marched higher but Gold and most of the Forex pairs I monitor are little changed in net position from my previous update. There are rates updates today from the BoE and FOMC […]

I had warned yesterday to watch for any failure of the US$ to break resistance and, also, on the weekend to keep an open mind on the commodity currencies and this proved rather valuable for the last session. Tuesday’s trading displayed a risk-on shift in the lead up to the US Presidential Election with quite […]

The US$ is struggling to break up and out of the daily Cloud and this has helped to support Gold and some Forex pairs. Traders should keep an eye on which way the US$ heads following the US Presidential Election.

Last week: The expected rise in volatility came through last week following the risk-off shift as Covid cases continued to rise across the USA and Europe. New Covid-related lock-downs measures have been announced for England, France and Germany with Belgium also following suit. The US$ and Yen gained with the flight to safety shift but […]