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Quiet start due to Memorial Day

It has been a rather quiet start to the week given the US Memorial and UK holiday Monday. The US$ Index is little changed since my weekend update as are most of the currency charts I review. Stocks remain bid though so keep watch of that space for clues as to overall risk sentiment.

 

Data: There is little data today but watch any impact from US Consumer Confidence and New Home Sales data.

 

Earnings:

 

DXY daily: still range bound and trading with low momentum:

 

Trend line breakouts:

ASX-200: the ASX Futures are pointing to a hold above the 5,600.

ASX-200 4hr: watch for any push to the 6,000 level:

 

ASX-200 30 min: note the move higher in overnight trade here and a great range-breakout trade opportunity:

 

Other markets:

Gold 4hr: looking a bit heavy but no momentum b/o yet. Watch for any weakness though if stocks remain bid. Some mean-reversion would not surprise here at all.