Good morning all and welcome to the new TC members! We’ve had a few weeks of good moves but I warned on the weekend that Friday’s looming NFP might keep the US$ range-bound. Stocks remained bid on Monday and the NASDAQ closed at a record high: news of Microsoft eyeing Tik Tok seeming to help […]

The Federal Reserve have kept rates steady and the markets have responded in a ‘just keep going’ mode. The US$ is weaker and the risk-on bias remains in play ahead of Friday’s end of month.

The US$ slide has paused ahead of today’s FOMC and the index is currently shaping up with an indecision Spinning Top daily candle. Gold has pushed a bit higher but most other instruments are little changed in the wait for the US rate update and comments from the US Fed Chair as well as for […]

This is just a quick update. Gold has reached up near $1,900 and this is major S/R zone for the metal so watch for any potential pause / consolidation here.

Markets have started the week in risk-on mode on the back of positive news about Covid vaccine development. The US$ has weakened which helped to trigger some currency pair breakout moves. There could be more to come so keep watch for any further momentum breakouts.