Stocks recovered to close higher Wednesday and the US$ closed higher on the back of the upbeat private ADP jobs report and news out of Washington re debt-ceiling negotiations. Despite this, most charts reflect price action that looks to be in a process of digestion / consolidation ahead of the next major move. The two […]
Market sentiment improved for US trade on Tuesday but the US$ remains steady ahead of today’s private ADP NFP US jobs report and RBNZ rate update. The GBP seems to be shaking off its fuel worries as both the GBP/USD and GBP/JPY are markedly higher.
Last week: September lived up to its reputation for been a challenging month for stocks with many global stock indices, including Copper and EEM, printing bearish monthly candles. Friday was the first trading day for October and optimism, fueled by news of Merck’s new oral Covid drug that’s said to reduce hospitalisations by half, helped […]
September sure lived up to its reputation for being problematic for stocks and we still have October to come! The monthly charts for many instruments are rather ugly and will be included in my weekend update. There is a fair bit of data still to come for the last day of the week but I […]