There hasn’t been a lot of change since last session and I suspect traders are waiting for guidance from today’s US CPI data. The EUR/USD remains heavy and just above 1.15 but, remember, 1.13 is the line in the sand level here. There is US Retail Sales to come this week and Earnings season is […]

The main talking point for the start of the week has been Yen weakness which helped to develop great trend line breakouts across the USD/JPY, AUD/JPY and GBP/JPY. There isn’t a lot of change across other charts but I am surprised to see the EUR/USD holding up so well considering the US$ strength.

Stocks are a bit higher and the AUD a bit firmer but many charts are still in a consolidation phase ahead of today’s NFP.

Stocks recovered to close higher Wednesday and the US$ closed higher on the back of the upbeat private ADP jobs report and news out of Washington re debt-ceiling negotiations. Despite this, most charts reflect price action that looks to be in a process of digestion / consolidation ahead of the next major move. The two […]

Market sentiment improved for US trade on Tuesday but the US$ remains steady ahead of today’s private ADP NFP US jobs report and RBNZ rate update. The GBP seems to be shaking off its fuel worries as both the GBP/USD and GBP/JPY are markedly higher.