The US stock majors continue to stutter under their all-time Highs but US Treasury yields and the US$ have marched higher which has put pressure on Gold and some FX pairs. Interestingly, the Aussie and Kiwi are holding up relatively well.

The US$ has edged higher to start this shortened trading week but, apart from a dip with Gold, there hasn’t been a whole lot of change to the chart ideas issued in my weekend update. The weekly wedges are still intact of the EUR/USD, AUD/USD, NZD/USD and GBP/USD.

This is just a quick chart update with some questions for you all to ponder. The SNB rate update is later today so watch for any impact from this event.

There was a risk-off shift last session that started early with the commodity currencies moving lower during the Asian session. The US$ and Yen are stronger and Gold is now looking like it is going to head lower. Stocks are a bit lower BUT the NASDAQ is still within the Flag and the S&P500 is […]

The US$ is little moved to start the week and, as such, the charts of most FX pairs are not much changed, the exception being some of the Yen pairs. There were some early wobbles as the Turkish Lira dropped but things then steadied somewhat and US Stocks closed a bit higher as Yields declined, […]