The S&P500 crept to a new closing high despite the US pause with some vaccine roll out. The US$ index and Treasury Yields closed lower for the day which has helped support the Bull Flags on some FX pairs. Keep an eye on US Earnings to see how market sentiment unfolds from here.
There has been little change since the weekend update so keep monitoring for and new momentum-based trend line breakouts. Watch to see if today’s US CPI data or the start of Earnings season gets things moving at all.
Last week: Sentiment shifted by the end of the week to one of optimism and this was underpinned by the impressive vaccine roll out in the USA, Friday’s stellar North American jobs report and expectations vested in the next batch of US earnings. The S&P500, DJIA and NASDAQ all closed higher for the week with […]
The S&P500 just notched another all time High as Yields and the US$ drift lower. US$ weakness helped to lift Gold and some commodity currencies and the Kiwi looks like it might be worth a closer watch.
