US stocks closed higher on Friday as they shrugged off Omicron concern but this was not the case to start the new week. All four of the US index majors closed lower on Monday and the US$ edged higher ahead of today’s US PPI data release. The moves across the charts I monitor were rather minor and best caught by range breakout traders.

Data:

DXY daily: a bit higher BUT still range-bound.

Markets:

S&P500 4hr: lower on the day but a messy chart.

ASX-200 4hr: still near 7,350:

Gold 4hr: looking bullish:

EUR/USD 4hr: little changed but not too surprising ahead of ECB and FOMC updates:

AUD/USD 4hr: a bit weaker so watch for any push to 0.71:

AUD/JPY 4hr: a bit weaker so watch 81:

NZD/USD:

NZD/USD 4hr: a bit weaker so watch for any push to 0.67:

NZD/USD 415 min: a small move but a range breakout would have worked ok:

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

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

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