This article was prompted by a tweet I saw this morning posted by Linda Raschke. where she raised the issue of Growth versus Value and whether there might be some shift evolving in their relationship to each other. This concept intrigued me and got me exploring charts for some further clues about this relationship, and, […]

The US$ remains range-bound and this has kept many FX pairs similarly affected. US stocks edged a bit higher but on low momentum.

Last week: It was primarily a week of indecision for the Forex pairs I monitor but the US stock index majors closed strongly such that the S&P500 is now just 42.24 points off its all-time High. Friday’s better than expected NFP result would no doubt have helped US stocks. The numerous indecision weekly FX candles […]

There are two main takeaways point to note for the week: Firstly, US NFP employment data was better than expected suggesting the economy is progressing at some pace, despite the impact from Covid-19. Secondly, Democrats and Republicans have failed to make a deal on the US relief package for Covid-19. It is no surprise then […]

There has been little change ahead of today’s NFP announcement. I had suspected the US$ might chop sideways in the lead up to the July jobs report and that is what this week has pretty much delivered. Keep an eye on the DXY for any new breakout: up or down!