The US$ rally paused last session as did the rise with yields and the fall with bond prices. Whether this is a temporary stay or a turning point remains to be seen. Perhaps today’s US CPI data might help shed light on the next move here? This shift helped to trigger some of the wedges […]

Last week: The rise with US bond yields and the US$ continued to dominate market commentary last week and this kept pressure on US tech stocks with the NASDAQ under-performing other US stock indices for the week.The stronger US$ also hampered some commodities and commodity currencies and the Emerging markets ETF, EEM, also closed lower […]

The US$ Index has finally broken up and out of the wedge and daily Cloud and this has triggered some trend line breakout moves. Watch to see how today’s NFP impacts the US$ and for any new weekly chart wedge breakout. The Fed Chair, Jerome Powell, failed to soothe stock traders but there has still […]

Yields remain in focus and are being noted as the reason for the tech rout last session. I listened to a Ryan Detrick podcast yesterday where this very topic was discussed so maybe give this a listen. The US$ remains range-bound but the S&P500 is down near the 12-month support TL so watch this for […]

I always emphasise to keep an open mind and to trade what you see and not what you think and Monday’s market start further proves this point. It all looked rather ominous at the end of last week but positive risk appetite was back in play with US stocks closing higher and there have already […]