The US$ index closed higher for the week but has failed to breakout from the consolidation pattern it has been trading within for the last 6 weeks. There was some flight to safety movement on the back of US Covid stimulus concern but some positive Vaccine news out of Pfizer on Friday pegged those gains. […]

The US$ traded higher last session and is edging closer to the apex of the daily chart triangle begging the question about whether the breakout might be to the upside. There seems to be some flight to safety movement into the US$ with a risk-off shift as increasing Covid infections across Europe and the US […]

The US$ index is a bit weaker but still being supported within the daily Ichimoku Cloud. This has kept many Forex pairs range-bound whilst stocks, on the other hand, continue with their risk-on moves. Monday was a holiday in the USA and Canada so watch to see if the US$ gets a move on from […]

Last week: US$ weakness evolved last week and this underpinned some trend-line breakout trades. Any developing US$ weakness would help to support the risk-on style shift seen across numerous Forex pairs and Gold. There were plenty of decent-sized bullish weekly candles printed across a range of stock indices and Forex pairs and it seems that […]

The US$ has drifted lower and broken below a recent support trend line but momentum continues to be rather mute for the time being. The index also remains below the recently broken multi-year trend line so watch for any further weakness.