The Australian Dollar has been caught in a four month long sideways range between 0.8000 and 0.7600 as price has bounced around on relative indecisiveness from the Federal Reserve on rate hikes. Recently price has coiled into an even tighter range between 0.7600 and 0.7800 for the last four weeks that is starting to look […]

The last week has seen EURUSD fail to make further declines after three straight very impressive US data points. Non farm payrolls, retail sales and consumer confidence have all beat expectations by a wide margin. Traders continue to scratch their heads as illiquid markets whipsaw back and forth in relatively tight ranges.  What we do […]

The S&P 500 index is approaching some very key levels of support today between 2080 and 2070. The 100 Day moving average is at 2084. The middle Bollinger band on weekly charts lies at 2072, this level has only been violated five times since 2009 and a mild correction ensued each time. A bevy of […]

Today’s sudden jump in the Euro and large decline in the USD are not based on any factual news or developments. Ten year bund yields jumped 13bps to 0.66%, but the bulk of that move occurred before the FX rout. Rumors and headlines continue to fly about the status of Greece’s talks with it’s creditors. […]