The US$ has drifted lower and broken below a recent support trend line but momentum continues to be rather mute for the time being. The index also remains below the recently broken multi-year trend line so watch for any further weakness.

Stocks have drifted higher but FX is little changed with the DXY remaining range-bound. It might be another relatively quiet day given the looming Monday holiday in the USA and Canada.

Stocks have rallied on renewed US stimulus hope but Forex remains pretty range-bound and I suspect this will remain the case until the DXY breaks out of its range-bound pattern.

News is driving the latest moves across markets. Specifically, news that President Trump has called for a closure of US stimulus talks until after the Presidential Election. This triggered flows out of stocks and into the US$, Yen and Bonds but not into Gold. Momentum remains low on most charts but there are revised trend […]

The apparent quick Covid recovery of the US President helped to boost risk sentiment with classic risk-on flows. The US$, Bonds and Yen are lower but Gold, stocks and commodity currencies are higher. It is a big day for the ASX and AUD Forex pairs given the RBA rate update and Australian Annual Budget.