I had warned yesterday to watch for any failure of the US$ to break resistance and, also, on the weekend to keep an open mind on the commodity currencies and this proved rather valuable for the last session. Tuesday’s trading displayed a risk-on shift in the lead up to the US Presidential Election with quite […]

The US$ is struggling to break up and out of the daily Cloud and this has helped to support Gold and some Forex pairs. Traders should keep an eye on which way the US$ heads following the US Presidential Election.

The US$ index traded higher again on Thursday and stocks have recovered some of the previous day’s losses after the print of better than expected US GDP data. Gold and Commodity currencies moved lower on the US$ gains. The S&P500 looks to be printing an indecision ‘inside‘ candle for the day so traders will need […]

The US$ and Gold remain range-bound and I had warned this situation might remain until after the US Presidential is decided. The NZD/USD is the only mover of note from last session but it hasn’t gone very far. I think traders would be best waiting until after next week’s election. However, shorter-term traders might like […]

US stocks have traded sharply lower to start the week on concern about the rising Covid infection rate across the the USA and Europe. The US$, Gold and most Forex pairs are little changed though.