US stocks have gained further on easing concern over the Omicron variant but one wonders if this will last? The US$ is little changed and that may remain the case until after Friday’s CPI or next week’s FOMC. The Aussie is staging a bit of a comeback though so watch for any mean reversion, even […]

US stocks staged a recovery on Monday following easing concern about the impact of Omicron. This situation remains rather volatile though and could easily swing back the other way so make sure to manage risk. The US$ is little changed and so the Forex charts have little changed as well. The RBA update rates today […]

The US$ is little changed which has kept most Forex moves small and trading with little momentum but US stocks carved out a recovery last session. Some better Omicron news and upbeat weekly US payroll data helping to lift market sentiment during the US session. There is the monthly US NFP  jobs report to monitor […]

The announcement of the first case of Omicron on US soil sent US stock markets lower last session. The US$ is little changed, rather surprisingly, and so there hasn’t been much change to the chart patterns across the FX pairs I monitor.

European and US stocks sold off last session following comments from the Fed Chair Powell and with ongoing concern about the Omicron variant. It is with some surprise, then, to see the EUR/USD trading higher and above is 1.13 and the Aussie is holding above 0.71! The Aussie pairs will be in focus today with […]