Last week: It was another relatively slow week for trend line breakout opportunities and I suspect that the wait for Friday’s NFP may have been the reason. The US monthly jobs report was better than expected and this helped to lift the US$ and US yields triggering some sharp movement on Gold and the commodity […]

Last week: Traders and investors shrugged off any concern they had about inflation and the expanding impact of the Delta strain of Covid and bought last week’s dip resulting in the print of impressive new all-time Highs for many stock indices. The S&P500, DJIA, NASDAQ, and even the Aussie XJO, all closed with impressive weekly […]

Last week: There were new all-time closing highs again for the S&P500, DJIA and NASDAQ despite some mid-week jitters. The DXY faded towards the end of the week to close lower which helped to support commodities and commodity currencies. It is worth noting the emerging divergence with the risk-sensitive Russell-2000 index and the Emerging Markets […]

Last week: There were a number of small trend line breakout trades last week and new all-time closing highs again for the S&P500, DJIA and NASDAQ following NFP and ahead of the 4th July holiday weekend. The US jobs report was somewhat mixed with the biggest jobs gain since August 2020 but yet the headline […]

Last week:  I had warned last week to watch the descending wedges setting up across many Forex pairs for potential mean-reversion activity. This proved to be sage advice as many of these wedges triggered and delivered significant gains: the AUD/JPY for 160 pips, the GBP/USD for 190 pips, the Kiwi for 110 pips and the […]