Last week: The week started with some warning signals, alerted in updates here and here, and these proved to be accurate predictors for what was to come. The first was some Yen strength and this was closely followed by similar Flight to Safety moves into the US$ and Gold; with all three preceding the large […]

Last week: The divergence between Main Street and Wall Street continued last week and was further fueled by the better than expected US NFP jobs report on Friday. The NASDAQ closed at an all-time High whilst Covid-19 still ravages economies and civil unrest spreads around the globe. This divergence reinforces a point I keep laboring: […]

One of my subscribers asked me to review the GBP/AUD so this post is in response to this request and details what I am currently seeing on this currency pair. As always, I approach technical analysis from a top down perspective and start with a look at the monthly chart before drilling down to the […]

Last week: The S&P500 has risen to all of the recent set challenges and accomplished them, seemingly, against great odds. The Index can be considered a gauge of broader risk sentiment and the monthly close above a recent 61.8% Fibonacci and the psychological 3,000 level are rather bullish signals. All of this coming against a […]

Last week: US stock indices closed higher again last week despite the continued economic challenge faced with Covid-19. I often hear and see the phrase ‘never fight the Fed‘ and this seems increasingly relevant at the moment. I’ve noted my surprise over the last few weeks with these paradoxical moves across stock markets amid the […]