The risk-on bias from earlier in the week seems to have fizzled. US Retail Sales was better than expected but the increasing US Covid infections and disappointing Unemployment data, along with some Earnings jitters, made for some indecision. Netflix has fallen after market close on its earnings miss so tech will be a space to watch in coming sessions with US earnings season starting to ramp up. Low momentum remains a constant theme though so keep an eye on the ADX across charts for clues with any future breakouts or moves.

Data: Watch today with EUR CPI and US Housing Starts, Building Permits and UoM Consumer Sentiment data:

Earnings:

DXY daily: an engulfing style candle on Thursday so watch to see if the index continues to recover:

Trend line breakouts:

Gold 4hr: back below $1,800 so watch for any further weakness:

USD/JPY 4hr: a bit of breakout here so watch the 4hr 200 EMA for further clues:

EUR/USD 4hr:  watch the 1.14 level and weekly 200 EMA for any new breakout:

Other Markets:

S&P500 4hr: still consolidating on declining momentum so watch for any new momentum breakout:

ASX-200 4hr: also still consolidating on declining momentum so watch for any new momentum breakout:

AUD/USD 4hr: watch 0.70 and for any new Flag breakout:

AUD/JPY 4hr: watch 75 and for any new trend line breakout:

NZD/USD 4hr: watch for any new trend line breakout:

GBP/USD 4hr: revised trend lines here due to declining momentum so watch for any new breakout: