US stocks had a choppy session but FX didn’t buy in to any of this. FX charts are little changed from yesterday so watch to see if today’s US CPI data gets things moving.

The GBP was the best mover to start the week and this extended the recent breakout on the Cable and triggered a new breakout on the GBP/JPY. The US$ is little changed and most other instruments remain trading in fairly narrow ranges.

Last week: The noteworthy event of last week was the huge miss with the monthly US jobs report. Whilst there has been plenty of commentary about the reasons for the weaker than expected jobs report, my focus is on the technical impact of this data release and I saw this as twofold: weakness for the […]

Risk appetite was buoyed last session following the positive print of US weekly jobs data and this seems to have boosted optimism about Friday’s monthly jobs report. The US$ closed lower helping Gold and the commodity currencies.

There has been some US$ weakness to start the week. I’m reading this was due to poor US data BUT I would posit it could also be due to the daily Ichimoku Cloud acting as decent resistance just above current price action. I Tweeted yesterday to watch for any pause on the USD/JPY, given the […]