Volatility and swings continue as the theme for these markets with the SPX up 3.2% on Monday and down 1.0% Tuesday. The SPX remains below the key weekly 61.8% Fib and this will be in focus until the end of the week. The US$ remains below 100 and this has kept Monday’s breakout trades supported […]

I’d mentioned yesterday to watch Gold for any new trade opportunity and that has delivered nicely. So, what is on today’s trade idea menu?

Trading at the moment is more like a Treasure Hunt. There are opportunities around but they have to be scoured for and sought out carefully! One such example might present today with Gold and, also, with the ASX-200 and AUD currency pairs ahead of today’s Australian Employment data update amidst Covid-19.

News and price action aligned today with US stocks trading lower as Dr Fauci warned of ‘suffering and death‘ if the the US opened too soon and US CPI data disappointed. The US$ is back near 100 S/R keeping many FX pairs in range-bound patterns. Watch today to see how the RBNZ update might impact […]

There was a risk-on shift last session as some positive US labour/wages data and US earnings results overshadowed the dismal weekly Unemployment report. Flows were into stocks and out of the US$ with the NASDAQ now in positive territory for the year and one has to wonder whether all the negative Covid-19 news is already […]