The market to and fro continues and I’m not the only one to notice. Check comments here and here. What is is going to take for greater clarity to emerge? Today’s US Retail Sales, the next FOMC or a DXY breakout? Both FX indices, USDX and EURX are stuck within their weekly Ichimoku Cloud, and […]
US CPI was softer than expected and this resulted in a risk-off shift into the US$ and Yen and out of stocks. The Kiwi continues to hold up relatively well though which I think is worth keeping in mind. Market top periods of ‘Distribution’ are renown for being choppy so I do wonder if this […]
There hasn’t been a whole lot of market movement but watch to see if today’s US CPI data gets things going at all. Most of the charts are little changed from the w/e update.
Last week: September and October are renown as being seasonally weak for stocks and, as if right on cue, that was the theme for last week. The end of the the northern summer doldrums period was also marked by a decent uptick with volatility. The four major US stock indices; S&P500, DJIA, NASDAQ and Russell-2000, all […]
Any hope that the ECB update might trigger some new movement and clarity has been put to rest. Most instruments are lacking direction on low momentum and the Currency Strength Indicator screen shot of the 4hr chart reflects this rather clearly. There is US CPI and Retail Sales data next week so maybe these items […]