The US$ index closed a bit lower and this has helped to keep Gold and commodity currencies supported. The ECB decision triggered some spike movement on the EUR/USD but there has not been any wedge breakout as yet. US stocks are drifting higher ahead of next week’s earning release for some of the big tech companies: Microsoft, Alphabet, Apple, Facebook and Amazon.
Server update: I am now able to load images within my articles BUT this is taking an extraordinarily long time. I am still trying to get some resolution from the hosting company but continued issues may mean I will need to send out my w/e update via PDF again.
Data:
Earnings:
CSI 4hr: currencies seem to be mean-reverting on the 4hr chart:
DXY weekly: not doing much as momentum remains low:
Markets:
S&P500 4hr: drifting higher so watch for any new TL b/o:
ASX-200 4hr: also drifting higher so watch for any new TL b/o:
Gold 4hr: watch for any new TL b/o:
EUR/USD 4hr: The ECB indicated they were in no hurry to raise rates and this seems to have kept the EUR/USD range-bound BUT keep watch for any new TL b/o:
AUD/USD 4hr: watch 0.74 and for any new TL b/o:
AUD/JPY 4hr: watch for any new TL b/o:
GBP/USD 4hr: watch 1.38 and for any new TL b/o:
NZD/USD 4hr: watch 0.70 and for any new TL b/o:
USD/JPY 4hr: watch 110 and for any new TL b/o:
GBP/JPY 4hr: watch 152 and for any new TL b/o: