EURUSD CHARTAnother difficult week for stock traders so far with the main indices sharply in the red. I am inclined to look at EURUSD which has been consolidating despite strong dollar moves in most other pairs.

The ECB said they would buy back up to 1 trillion euros of assets on Thursday yet the euro barely budged. This divergence was seen on Wednesday too where EURUSD barely moved despite heavy market weakness in stocks. It suggests there is some support at these oversold levels so I would not be surprised to see some gains ahead for EURUSD over the next couple of weeks. A lot of the concern over deflation seems to be priced in now.

Here’s this week’s links:

Has the stock market rally run it’s course?

Don’t be a tech sucker.

Musk teasing the market with Tesla unveiling.

Warren Buffett’s buying stocks right now.

The best part of waking up is coffee in your portfolio.

Combine indicators to identify reversals.

 


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