Last week: October ended up being a strong month for US stocks with the four stock index majors, the S&P500, DJIA, NASDAQ and Russell-2000, all closing higher and with the first three closing at new all-time highs and, essentially, with bullish-engulfing style monthly candles. The S&P500 and AUD/JPY both carved out particular achievements; the S&P500 with […]
The EUR/USD traded higher last session and was helped more by the US GDP miss than any commentary from the ECB update. The weekly chart’s bullish-reversal descending wedge continues to shape up as a result. The NASDAQ and S&P500 closed at new highs, following the GDP result, but Friday could be a bit rocky for […]
There are two central bank updates today but the ECB will be the one more keenly watched. The EUR/USD remains near 1.16 and this is the level to watch for any new make or break. There are also some huge US names reporting on Thursday with Apple and Amazon reporting after market close.
The S&P500 is now up knocking at the key 4,600 level as a big week of US tech earnings continues. Recall that the 4,600 is the whole-number level ahead of the 200% Fibonacci extension of the Covid swing Low move and there will be lots of people monitoring this for any new make or break. […]
US stocks are edging higher ahead of a big week of tech earnings. The US$ is a bit higher to start the week which has pressured the EUR/USD but not much else. The charts are little changed but keep watch for momentum based trend line breakouts.