Stocks slipped late on Thursday due to a ramping up of US-China trade tensions and President Trump’s clampdown on social media outlets. Friday is shaping up as important day as the S&P500 will, no doubt, try to hang in above the key 3,000 so watch to see how Trumps news announcement regarding China impacts here.

Data: Watch today for any impact from the Trump announcement regarding China and the huge batch of second tier data:

Earnings:

DXY daily: US$ weakness continues despite some market sentiment jitters. Watch for any push to the 61.8% Fib near 98 and for any new make or break:

Trend line breakouts:

EUR/USD: this pair is enjoying the US$ weakness!

EUR/USD 4hr: this TL b/o has given up to 90 pips but now watch 1.11 for any new make or break:

EUR/USD 30 min: recall this Cloud b/o and TC signal triggered earlier in the week. Note how staying with this trade whilst it held above the Cloud would have been a good strategy. There are so many ways to skin the proverbial trading cat!

S&P500 4hr: above 3,000 BUT note the declining momentum:

ASX-200 4hr: this might struggle to hit the key 6,000 this week, or at all! Time will tell:

Other Markets:

Gold 4hr: revised trend lines to monitor for any new b/o:

AUD/USD 4hr: still stuck above 0.66 but under 0.67. Note the declining momentum so watch the ADX to confirm any new trend line breakout:

AUD/JPY 4hr: revised trend lines here to watch for any new b/o:

Most other charts as per yesterday’s update.