The US$ closed lower for the day as the BoE raised rates and this triggered a few trend line breakout moves, however, they were choppy and probably best caught as range breakout trades. The S&P500, DJIA and NASDAQ all closed lower but the Russell-2000 closed higher and this divergence is worth keeping in mind. It […]

The US$ is retreating a bit after FOMC despite the pledge to end pandemic-era bond purchases and hints of rate increases for 2022. US stocks are up on this news ahead of the market close. There are the ECB and BoE rate updates scheduled for today so traders may need to wait until after these […]

It was a bit of a choppy session for US stocks with the S&P500, DJIA and NASDAQ all recovering off their lows to close with Spinning Top daily candles. The US$ edged up on the higher than expected US PPI inflation data but this did not translate into much movement on the FX charts. There […]

US stocks closed higher on Friday as they shrugged off Omicron concern but this was not the case to start the new week. All four of the US index majors closed lower on Monday and the US$ edged higher ahead of today’s US PPI data release. The moves across the charts I monitor were rather […]

Last week: US stocks closed higher last week as concern over the impact of Omicron waned. All four of the US index majors, the S&P500, DJIA, NASDAQ and Russell-2000, closed higher for the week, despite the larger than expected print for US CPI, with the S&P500 closing at an all-time weekly high. Market participants will […]