Gold continued its drop at Monday market open on concern about the potential US tapering of stimulus. Most other instruments are little changed though in the wait for Wednesday’s CPI data.

Last week: It was another relatively slow week for trend line breakout opportunities and I suspect that the wait for Friday’s NFP may have been the reason. The US monthly jobs report was better than expected and this helped to lift the US$ and US yields triggering some sharp movement on Gold and the commodity […]

The S&P500 has hit another all-time high and the Yen has edged a bit lower which helped to trigger a couple of new breakouts. However, much of the Forex landscape remains fairly subdued ahead of Friday’s key US jobs report and there are revised trend lines to monitor for this event.

The release of private US jobs data last session triggered a bit of market movement and could be a window into what might be ahead for Friday’s US NFP release. The private ADP jobs report revealed fewer jobs were gained which, rather surprisingly, helped to lift the US$.  I would have thought this would weaken […]

US stocks remain supported but there has been little movement across most Forex pairs. I am wondering if this crawl might remain until Friday’s NFP?