Is the US$ losing the battle? The DXY has slipped back below the contested 10-yr support trend line and the failure to hold to see out the month is obviously bearish. This US$ weakness has helped to underpin the open trend line breakout trades. News has just filtered through that the vote on the US stimulus bill has been pushed out to Thursday, US time, so caution will be needed around this information release.
Data: there is a lot of second tier data today as well as US ISM Manufacturing data.
Earnings:
DXY daily: note the move back below the contested 10-yr trend line. Watch for any move back below the Cloud:
Trend line breakouts:
ASX-200 4hr: weakness triggered with the US Presidential debate BUT watch 5,800 for any new make or break:
AUD/USD 4hr: this TL b/o is now up 120 pips BUT watch 0.72 for any new make or break:
AUD/JPY 4hr: this TL b/o is now up 130 pips BUT watch 76 for any new make or break:
GBP/USD 4hr: this TL b/o is still near 130 pips BUT watch the 7-month TL for any new make or break:
NZD/USD 4hr: this TL b/o is now up 70 pips BUT watch the 4hr 200 EMA for any new make or break:
GBP/JPY 4hr: this TL b/o is still up 150 pips BUT watch the 4hr and daily 200 EMAs for any new make or break:
USD/JPY 4hr: a new TL b/o here BUT watch the monthly 200 EMA for any new make or break:
Other markets;
S&P500 4hr: watch for any new TL b/o:
Gold 4hr: watch for any new TL b/o: