European and US stocks sold off last session following comments from the Fed Chair Powell and with ongoing concern about the Omicron variant. It is with some surprise, then, to see the EUR/USD trading higher and above is 1.13 and the Aussie is holding above 0.71! The Aussie pairs will be in focus today with AUD GDP and watch to see how the US$ reacts to the private US jobs report and more Powell testimony.

Data:

DXY daily: lower on the day despite more taper talk BUT watch to see how the US$ reacts to the private US jobs report and more Powell testimony.

Markets:

S&P500 4hr: watch 4,550 for any new make or break:

ASX-200 4hr: watch 7,200 for any new make or break:

Gold 4hr: watch $1,770 for any new make or break:

EUR/USD 4hr: watch 1.13 for any new make or break:

AUD/USD 4hr: watch 0.71 for any new make or break:

AUD/JPY 4hr: watch 80 for any new make or break:

GBP/USD 4hr: watch 1.33 for any new make or break:

NZD/USD 4hr: watch 0.68 for any new make or break:

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

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