US$ weakness has continued and so has stock strength so much so that the S&P500 is closing in on its all time higher, circa 3,400, that was set back in February this year. USD-based FX pairs have been buoyed on this US$ weakness and the Cable remains near the weekly 200 EMA ahead of today’s […]
Gold was the main groover last session with a great trend line and range breakout move. The US$ is a bit lower again but caution is needed here as momentum continues to decline ahead of Friday’s NFP.
Good morning all and welcome to the new TC members! We’ve had a few weeks of good moves but I warned on the weekend that Friday’s looming NFP might keep the US$ range-bound. Stocks remained bid on Monday and the NASDAQ closed at a record high: news of Microsoft eyeing Tik Tok seeming to help […]
Last week: The US$ weakness I had warned about three weeks back continued last week and this helped to support / develop trend line breakout moves on Gold, the EUR/USD, AUD/USD and GBP/USD. The run on the EUR/USD since my first alert has reached up to 500 pips so I hope some of you headed […]
The slide on the US$ continued last week but the Index will close the month near a potential support zone from a multi-year trend line. Traders will need to watch this region in coming sessions in case the index uses this support to take a pause, or to even try and carve out a pullback. […]