Risk appetite received a boost on Monday with more upbeat Covid vaccine news. This underpinned stocks in their continued drift higher and resulted in Yen and Gold weakness but the US$ remains range-bound. This shift triggered some decent trend line and range-breakout trades on Gold and the Yen pairs.

Data: There isn’t a lot of scheduled data BUT watch for Covid vaccine and US Election news that might impact risk sentiment.

Earnings:

DXY daily: an indecision daily candle BUT keep watch for any new TL b/o:

Trend line breakouts:

Gold: weaker and I suspect this is due to traders seeking out assets with yield.

Gold 4hr: chart from my w/e analysis:

Gold 4hr: a great TL b/o for up to $35

Gold 30 min: this TL b/o gave a great range b/o trade opportunity as well for $30 and 3R:

GBP/JPY: Yen weakness helped trigger this great b/o.

GBP/JPY 4hr: the 4hr chart from my w/e analysis:

GBP/JPY 4hr: a great TL b/o trade for 120 pips:

GBP/JPY 15 min: this TL b/o started in the Asian session and could have given 90 pips for a 3 R trade:

USD/JPY 4hr: a great TL b/o trade for 80 pips BUT watch for any push to 105 S/R:

Other markets:

ASX-200 4hr: continues to move higher:

SXP500 4hr: keep watch for any Bull Flag activity:

EUR/USD 4hr: very choppy BUT check out the ADX! Still under 20 so use this as a guide:

AUD/USD 4hr: choppy near 0.73 on low momentum:

AUD/JPY 4hr: drifting higher as stocks remain supported:

NZD/USD 4hr: also choppy on low momentum:

GBP/USD 4hr: holding above 1.33 for now: