Back in 2007 the S&P500 peaked, pulled back and then made a V-shaped recovery to a new High before the great decline that was to become know as the Global Financial Crisis (GFC). The index today, against a backdrop of Covid-19, recently peaked at a new High, pulled back and has made a V-shaped recovery […]
Last week: Technical analysis continues to offer one of the easiest paths to trading success. Trading in this market can pose a challenge for many; especially as some stock indices trade at all-time Highs against a backdrop of Covid-19 ravaged economies; having conviction with any trading decision can be problematic. However, watching for momentum-based trend […]
The DXY is still looking heavy on longer term charts despite shaping up in a shorter term bullish-reversal descending wedge. The Jackson Hole Symposium did not get the US$ breaking out of this developing 4hr chart wedge but next week brings NFP so watch to see how this news impacts the US$. Also note that […]
The US$ is still in focus as it reacted to news out of Day 1 from Jackson Hole. I am no economist so I look to other, more learned, commentary on the fundamentals about the reaction of the US$ in this regard. To that end, I suggest Kathy Lien’s view is worth a read. I […]
The US$ remains range-bound ahead of this week’s Jackson Hole Symposium but stocks and some of the comm currencies are higher.