US CPI data came in better than expected which has raised inflation fear sending US stocks lower and the US$ higher. However, this comment on the data should be noted. The Aussie and Kiwi were the hardest hit by the US$ strength and triggered new breakouts.

 

US CPI data:

 

Data:

 

Earnings:

 

DXY daily: the US$ rallied on the back of upbeat CPI so watch revised trend lines for any new breakout:

 

Trend line breakouts:

AUD/USD 4hr: a TL b/o for 100 pips BUT watch 0.77 for any new make or break:

 

NZD/USD 4hr: a TL b/o for 90 pips BUT watch 0.72 for any new make or break:

 

USD/JPY 4hr: a new B/O for 40 pips BUT watch the 110 for any new make or break:

 

Other Markets:

S&P500 4hr: much lower BUT watch the 12-month TL for any new make or break:

 

ASX 4hr: watch 7,000 for any new make or break:

 

Gold 4hr: a bit lower BUT watch the support TL for any new make or break:

 

EUR/USD 4hr: also only a bit lower BUT watch 1.21 for any new make or break:

 

AUD/JPY 4hr: a bit lower BUT watch the 12-month TL for any new make or break:

 

GBP/USD 4hr: watch 1.40 for any new make or break:

 

GBP/JPY 4hr: watch 154 for any new make or break: