The DXY is holding on for the time being and had its best week in some months. The US jobs data was better than expected so there was no flight to safety run into the US$. However, the weekly candle could still be viewed as a range-bound indecision style candle and it has failed to […]
What a difference a day makes! US stocks pulled back sharply on Thursday and this mood moderated enthusiasm for risk currencies like the Aussie and Kiwi. Recall I posted an article earlier this week about what to watch for with the weekly S&P500 so make sure you do your homework over coming weekends! Today brings […]
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The US$ is a bit stronger but the commodity currencies are holding up well, all things considered. Stocks continue their march higher with the S&P500 and NASDAQ touching new all time highs.
The US$ printed a bullish-reversal daily candle but remains range-bound for the time being. This has kept a number of FX pairs choppy, and on declining momentum, near key S/R levels. No such hesitation on US stocks though as the S&P500 and NASDAQ continued their march to new all time Highs.