The US$ printed a bullish-reversal daily candle but remains range-bound for the time being. This has kept a number of FX pairs choppy, and on declining momentum, near key S/R levels. No such hesitation on US stocks though as the S&P500 and NASDAQ continued their march to new all time Highs.

The US$ is still in focus as it reacted to news out of Day 1 from Jackson Hole. I am no economist so I look to other, more learned, commentary on the fundamentals about the reaction of the US$ in this regard. To that end, I suggest Kathy Lien’s view is worth a read. I […]

The US$ remains range-bound ahead of this week’s Jackson Hole Symposium but stocks and some of the comm currencies are higher.

The US$ index remains range-bound but some Forex pairs have started to move. The GBP/JPY, that was profiled yesterday, has bounced off the trend line and 140 is back in focus.

The S&P500 and NASDAQ have moved to new all time highs on Monday on hope about a Covid-19 vaccine.  The S&P500 is now above 3,400 so watch for this recent Resistance level to become potential Support. The DXY and most Forex pairs I monitor are little changed though.