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The S&P 500 has gone back and forth during the trading session on Monday as Europe was asleep due to the Easter Monday holiday.
The US dollar continues to go sideways and nowhere against the Japanese yen, mimicking the action in the S&P 500.
Gold markets tried to rally initially during the trading session on Monday but gave back the gains to form a shooting star.
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The Euro bounces slightly during the trading session on Friday, but of course it was a holiday so there isn’t much in the way of liquidity.
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Sign up to get the latest market updates and free signals directly to your inbox.The US dollar initially tried to rally during the day on Friday but then rolled over again as we continue to see a lot of weakness against the Mexican peso.
Obviously, the S&P 500 didn’t trade during Good Friday, but we have seen quite a bit of action over the last week that was choppy to say the least, and it’s likely that the market is simply killing time heading into the Easter weekend.
The US dollar fell a bit against the Japanese yen and then Good Friday trading, but more than that you need to pay attention to the fact that the ¥112 level is crucial.