There are plenty of traders surprised by how well the AUD/USD is holding up at the moment. The Aussie is actually testing a longer-term breakout level and continues to hold up well despite the current variety of challenging global conditions. For those of you who are not used to, or keen on, trading Forex contracts […]
Last week: Most trading instruments closed with small weekly candles, and there were many indecision candles again, reflecting a lack of confidence with the current risk-on market sentiment. As if the worsening global Covid-19 situation isn’t enough there is also increasing China trade tension among the range of geopolitical issues to navigate. The NASDAQ was a […]
I mentioned two weeks ago to watch out for any follow-through with the risk-on shift with the FX Indices and this proved to be wise. The EUR/USD gave the best move last week. The FX Indices remain similarly aligned so watch for any more of the same. The bullish Cup’ n’ Handle on the EURX […]
The risk-on bias from earlier in the week seems to have fizzled. US Retail Sales was better than expected but the increasing US Covid infections and disappointing Unemployment data, along with some Earnings jitters, made for some indecision. Netflix has fallen after market close on its earnings miss so tech will be a space to […]
US stocks gapped higher on Goldman Sachs earnings but key resistance still lies ahead for many instruments ahead of a day with lots of high-impact data.