The EUR/USD traded higher last session and was helped more by the US GDP miss than any commentary from the ECB update. The weekly chart’s bullish-reversal descending wedge continues to shape up as a result. The NASDAQ and S&P500 closed at new highs, following the GDP result, but Friday could be a bit rocky for US stocks given the miss with earnings for both Amazon and Apple announced after the market close.

 

Data:

 

Earnings: a relatively quiet end for the week:

 

DXY weekly: lower after the GDP miss AND note the revised trend lines:

 

Markets:

S&P500 4hr: a new high BUT watch 4,600 for any new make or break:

 

ASX-200 4hr: holding above 7,400 but choppy:

 

Gold 4hr: not making much hay with the weaker US$:

 

EUR/USD: higher after the US GDP miss.

EUR/USD 4hr: watch the wedge trend lines for any new b/o:

 

EUR/USD 30 min: note the sharp reaction to data:

 

AUD/USD 4hr: back at last week’s high so watch this for any new make or break:

 

AUD/JPY 4hr: watch 86 for any new make or break:

 

NZD/USD 4hr: back at last week’s high so watch this and 0.72 for any new make or break:

 

GBP/USD 4hr: revised TL to watch for any new b/o:

 

USD/JPY 4hr: chopping sideways:

 

GBP/JPY 4hr: watch for any new TL b/o: