Last week: I’d mentioned last week my surprise with the paradoxical moves across stock markets and this theme continues. Hence the heading for this week’s article Mind the Gap: that being the gap between what is happening on Wall St versus what is happening on Main Street. I’m on the lookout for any new alignment […]
The US$ index closed with a bullish weekly candle and above the psychological 100 level but there’s not a whole lot to be excited about here given the low level of momentum. This conflicting technical picture of the US$ index was reflected in last night’s batch of US data which revealed dismal Retail Sales but […]
I’d mentioned yesterday to watch Gold for any new trade opportunity and that has delivered nicely. So, what is on today’s trade idea menu?
Trading at the moment is more like a Treasure Hunt. There are opportunities around but they have to be scoured for and sought out carefully! One such example might present today with Gold and, also, with the ASX-200 and AUD currency pairs ahead of today’s Australian Employment data update amidst Covid-19.
News and price action aligned today with US stocks trading lower as Dr Fauci warned of ‘suffering and death‘ if the the US opened too soon and US CPI data disappointed. The US$ is back near 100 S/R keeping many FX pairs in range-bound patterns. Watch today to see how the RBNZ update might impact […]