Please note that as from January 2022 I am taking a break from my regular posting of educational articles. I plan to travel a bit, assuming no Covid curve-balls, and will only be posting articles when I see a chart that captures my interest.
Last week: US stocks closed lower for the week due to concern over Omicron and the Fed but it seems that Covid, once again, is dominating headlines in the lead up to Christmas; as the screen shot of the CNBC page below reveals. All four of the US index majors, the S&P500, DJIA, NASDAQ and […]
The US$ closed lower for the day as the BoE raised rates and this triggered a few trend line breakout moves, however, they were choppy and probably best caught as range breakout trades. The S&P500, DJIA and NASDAQ all closed lower but the Russell-2000 closed higher and this divergence is worth keeping in mind. It […]
The US$ is retreating a bit after FOMC despite the pledge to end pandemic-era bond purchases and hints of rate increases for 2022. US stocks are up on this news ahead of the market close. There are the ECB and BoE rate updates scheduled for today so traders may need to wait until after these […]
It was a bit of a choppy session for US stocks with the S&P500, DJIA and NASDAQ all recovering off their lows to close with Spinning Top daily candles. The US$ edged up on the higher than expected US PPI inflation data but this did not translate into much movement on the FX charts. There […]