The announcement of the first case of Omicron on US soil sent US stock markets lower last session. The US$ is little changed, rather surprisingly, and so there hasn’t been much change to the chart patterns across the FX pairs I monitor.
European and US stocks sold off last session following comments from the Fed Chair Powell and with ongoing concern about the Omicron variant. It is with some surprise, then, to see the EUR/USD trading higher and above is 1.13 and the Aussie is holding above 0.71! The Aussie pairs will be in focus today with […]
Markets seem to be trying to find their feet after the shock from recent Omicron news. President Biden’s comments that there does not seem to be any need for further restrictions helped to ease concern somewhat and resulted in a bullish close for the S&P500, DJIA and NASDAQ indices but not the Russell-2000. The US$ […]
I saw a reference to Abercrombie and Fitch (NYSE: ANF) in the media over the weekend and this prompted me to have a look at how the stock was currently charting. The article suggests that the company has been making an effort to reposition itself in an attempt to reclaim market share and the chart […]
Last week: Markets were relatively quiet to start the week, with the lower-volume trading associated with Thanksgiving week, but were well and truly rattled on Friday following concerning news about the fast-rising Omicron; a Covid variant that has emerged out of Southern Africa. This news sent global stocks markedly lower resulting in bearish weekly candles […]