Markets seem to be trying to find their feet after the shock from recent Omicron news. President Biden’s comments that there does not seem to be any need for further restrictions helped to ease concern somewhat and resulted in a bullish close for the S&P500, DJIA and NASDAQ indices but not the Russell-2000. The US$ index is little changed which kept most Forex pairs and Gold in narrow trading ranges.

Data:

DXY daily: little changed on the day so watch the 50% Fib for any new make or break:

Markets:

S&P500 4hr: watch for any new TL b/o:

ASX-200 4hr: messy but holding above the key 7,200 level:

Gold 4hr: watch for any new TL b/o:

EUR/USD 4hr: watch 1.13 for any new b/o:

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

AUD/JPY 4hr: watch 81 for any new b/o

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

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

USD/JPY 4hr: watch 113.5 for any new b/o:

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