The continued rise in US Treasury yields helped keep the recent stock rally in check in spite of up-beat US Retail Sales data.  The US$ is a bit stronger but still range-bound for the time being. This current environment has been unhelpful for Gold and this has been one of the better trend line breakout […]

The holiday Monday in the US has kept markets relatively quiet and the US$ remains range-bound. There was a risk-on tone during the Asian session though with a weaker Yen and the ASX-200 closing higher and this has helped to trigger some trend line breakouts.

There hasn’t been a whole lot movement again and it feels to me like the something is brewing. Just what…I’m not sure but momentum is declining across a number of instruments suggesting it might be best to wait for any new momentum breakout. The DJIA closed at a record high but the daily candle here, […]

The market were given a soothing hand from some intervention to nip the level of speculative trading that contributed to Wednesday’s sell-off. Added to that was the fact that the US$ stalled at resistance and this helped to peg some of the Forex moves that looked to be getting underway. The failure of the US$ […]

There hasn’t been a lot of change with the charts I monitor and it seems that most instruments are simmering in the lead up to today’s FOMC. US Earnings also remain in focus as big tech names report this week.