There has been little change to most charts to start the week due to the Monday US holiday and things may remain a bit quiet until after the Inauguration.
Last week: There were no trend line breakout trades of any substance last week and the raft of indecision-style weekly candles that were just printed would help to explain this. The uncertainty surrounding recent US political events (Capitol riots and the US President Impeachment) clearly impacted market sentiment last week. This week brings the US […]
It’s been a messy start to the week with choppiness across many FX pairs. I think that caution is needed here as this may reflect a turn in tide with sentiment and with the trend for the US$. US$ weakness has been the dominant theme since March last year so a relief rally would not […]
Last week: The markets were clearly forward-looking and not phased by the terrible events that played out at the US Capitol building last week. Neither this, nor the dire situation with US Covid-related deaths passing 4,000 in one day, halted the risk-on moves. The four major US stock indices, the S&P500, NASDAQ, DJIA and Russell-2000, closed […]
I saw a Tweet yesterday where someone moaned that they can’t believe the VIX isn’t at 100. It’s hard to believe there hasn’t been more volatility in the wake of events in US politics over the last 24 hours. Despite all of the turmoil, US stocks are higher, Gold and the Yen are lower and […]