By Chris Becker
King Dollar and risk returned last night as an absent data calendar and benign moves in the Asian session translated into low volatility. US and European stocks moved up quietly on the former’s solid earnings season, while King Dollar knocked back the majors and reversed the gold bugs hopes of a new rally.
The S&P500 extended its record high with momentum now in overbought trending territory on the four hourly chart signalling a continued uptrend in the week ahead:
