The S&P500 and the US$ index have yet to take any new direction from FOMC and seem to need time to digest the implications of the Fed Chair Powell statement. There are two rate updates today from the BoJ and BoE, as well as Aussie Employment data, so watch to see if any of these […]
The risk-off shift with US stocks has continued into the new week. There has finally been a bullish breakout for the US$ and the Yen caught some flight to safety movement as well. Gold remains range-bound for now though but the GBP is weaker on renewed Brexit concern.
It has been a slow start to the week due to the US holiday Monday. The US$ is a bit stronger but still range-bound so watch for any new momentum trend line breakout here to support other Forex moves.
What a difference a day makes! US stocks pulled back sharply on Thursday and this mood moderated enthusiasm for risk currencies like the Aussie and Kiwi. Recall I posted an article earlier this week about what to watch for with the weekly S&P500 so make sure you do your homework over coming weekends! Today brings […]
The US$ is a bit stronger but the commodity currencies are holding up well, all things considered. Stocks continue their march higher with the S&P500 and NASDAQ touching new all time highs.