US stocks closed higher on Friday as they shrugged off Omicron concern but this was not the case to start the new week. All four of the US index majors closed lower on Monday and the US$ edged higher ahead of today’s US PPI data release. The moves across the charts I monitor were rather […]
Last week: US stocks closed higher last week as concern over the impact of Omicron waned. All four of the US index majors, the S&P500, DJIA, NASDAQ and Russell-2000, closed higher for the week, despite the larger than expected print for US CPI, with the S&P500 closing at an all-time weekly high. Market participants will […]
US stocks closed higher again on further easing of concern over Omicron. The US$ is little changed but the main trading point to note is the relative strength with the commodity currencies. The Aussie and Kiwi are both looking rather supported.
US stocks have gained further on easing concern over the Omicron variant but one wonders if this will last? The US$ is little changed and that may remain the case until after Friday’s CPI or next week’s FOMC. The Aussie is staging a bit of a comeback though so watch for any mean reversion, even […]
US stocks staged a recovery on Monday following easing concern about the impact of Omicron. This situation remains rather volatile though and could easily swing back the other way so make sure to manage risk. The US$ is little changed and so the Forex charts have little changed as well. The RBA update rates today […]