Stocks are a bit higher and the AUD a bit firmer but many charts are still in a consolidation phase ahead of today’s NFP.
Stocks recovered to close higher Wednesday and the US$ closed higher on the back of the upbeat private ADP jobs report and news out of Washington re debt-ceiling negotiations. Despite this, most charts reflect price action that looks to be in a process of digestion / consolidation ahead of the next major move. The two […]
Last week: September lived up to its reputation for been a challenging month for stocks with many global stock indices, including Copper and EEM, printing bearish monthly candles. Friday was the first trading day for October and optimism, fueled by news of Merck’s new oral Covid drug that’s said to reduce hospitalisations by half, helped […]