Earnings and Optimism drove the US index majors of the S&P500, DJIA and NASDAQ to new closing highs following the Inauguration of President Biden. Netflix gapped higher after earnings due to increased subscriber numbers. The US$ index remains range-bound but watch to see f the two Central Bank updates get the US$ moving at all.
Data: watch today with AUD Employment data and the BoJ and ECB rate updates.
Earnings: watch for any further impact from Earnings:
Stocks above the 200 MA: still a bit of room to move higher here until the previous peak is reached:
DXY daily: no b/o yet:
NFLX daily: gapped higher after earnings report:
Trend line breakouts:
ASX-200 4hr: the wedge b/o triggered so watch for any push to the pre-GFC High of 6,851.50 followed by the 2020 High of 6,893.70.
SPX 4hr: there has been a 100 point bounce off the weekend focus level of 3,750:
Gold 4hr: a $23 b/o above $1,850:
USD/JPY 4hr: a small TL b/o:
GBP/JPY 4hr: this TL b/o reached 130 pips but note the revised trend lines on second chart:
GBP/JPY 4hr: revised TLs
Other markets:
EUR/USD 4hr: failed at the 200 EMA so TL revised:
AUD/USD 4hr: watch for any new TL b/o:
AUD/JPY 4hr: watch for any new TL b/o:
GBP/USD 4hr: watch for any new TL b/o:
NZD/USD 4hr: watch for any new TL b/o:
