There isn’t much to report today given the Monday holiday in the USA and UK. Today is RBA rate update day so Aussie traders should watch for any impact on the ASX-200 and AUD$.

The US$ closed higher last session and looks like it could be trying for a recovery: note the look of a bullish-reversal descending wedge on the daily chart. Watch today with US GDP to see if this impacts the recovery or not. Any bullish breakout will likely drag the commodity currencies lower.

There hasn’t been a whole lot of change since my recent update other than Gold pushing back up to the key $1,900 region. Will any new breakout above $1,900 be the one to take the metal higher? Time will, no doubt, tell. The RBNZ rate update is today so watch the NZD/USD for any impact […]

US stocks started the week with a positive tone as the slide in the crypto space slowed. There has been little change across most FX pairs though so keep watch for momentum-based trend line breakouts.

Stocks continued their recovery last session but there hasn’t bee a whole lot happening across on FX given the US$ continues to hold near 89.70 support. There is a lot of data today so watch for any new momentum-based trend line breakouts.