Every trading instrument I monitor is on the move, even Gold has joined the throng, BUT traders should be cautious and watch for any pause, especially on the AUD pairs. As I always warn: trends don’t travel in straight lines forever. The move on the EUR/USD will be in greater focus today given the ECB […]
Stocks slipped late on Thursday due to a ramping up of US-China trade tensions and President Trump’s clampdown on social media outlets. Friday is shaping up as important day as the S&P500 will, no doubt, try to hang in above the key 3,000 so watch to see how Trumps news announcement regarding China impacts here.
The DXY is a bit lower but there hasn’t been a lot of change since yesterday’s update. It feels like the markets are marking time whilst waiting for the next event to trigger some decent move. The S&P500 is above 3,000 BUT the big test will be to see if the index can close the […]
Risk-on sentiment kept rolling yesterday as did US$ weakness and this helped to trigger a number of trend line breakout trades based off chart patterns profiled in my weekend analysis. There were also numerous accompanying short-term breakout signals (TC signals too) that were of great value.
It has been a rather quiet start to the week given the US Memorial and UK holiday Monday. The US$ Index is little changed since my weekend update as are most of the currency charts I review. Stocks remain bid though so keep watch of that space for clues as to overall risk sentiment.