The US$ index traded higher again on Thursday and stocks have recovered some of the previous day’s losses after the print of better than expected US GDP data. Gold and Commodity currencies moved lower on the US$ gains. The S&P500 looks to be printing an indecision ‘inside‘ candle for the day so traders will need […]
The US$ and Gold remain range-bound and I had warned this situation might remain until after the US Presidential is decided. The NZD/USD is the only mover of note from last session but it hasn’t gone very far. I think traders would be best waiting until after next week’s election. However, shorter-term traders might like […]
US stocks have traded sharply lower to start the week on concern about the rising Covid infection rate across the the USA and Europe. The US$, Gold and most Forex pairs are little changed though.
Last week: There were only a few trend line breakouts again last week and I suspect the low-momentum and range-bound activity on the US$ index is the problem here and I’m wondering if this might remain the case until after the November 3rd US Presidential Election. Regular readers will recall that I have been warning […]
