The release of private US jobs data last session triggered a bit of market movement and could be a window into what might be ahead for Friday’s US NFP release. The private ADP jobs report revealed fewer jobs were gained which, rather surprisingly, helped to lift the US$.  I would have thought this would weaken […]

US stocks remain supported but there has been little movement across most Forex pairs. I am wondering if this crawl might remain until Friday’s NFP?

The uncertainty seen last week with the many indecision weekly candles has featured again to start this week. There hasn’t been a lot of change and the ASX-200 and AUD pairs will be in focus today with the RBA rate update.

The US$ moved lower again last session and is shaping up to print a bearish monthly candle. This shift has helped to develop the bullish-reversal descending wedge on the EUR/USD as well as to support Gold and the commodity currencies. Watch today for any end of month flows.

FOMC is over so here is how I am seeing the charts in the wash up. The drill remains the same: watch for any new momentum-based trend line breakout.