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Sideways

The US$ and Gold remain range-bound and I had warned this situation might remain until after the US Presidential is decided. The NZD/USD is the only mover of note from last session but it hasn’t gone very far. I think traders would be best waiting until after next week’s election. However, shorter-term traders might like to keep an eye on the AUD/USD wirth today’s CPI data release and in the wake of the RBA Governor suggestion the Australian Covid-induced recession is over!

 

Data: Watch today with AUD CPI data and the BoC rate update.

 

Earnings: some big names report on Wednesday.

 

CSI daily: no breakout yet:

 

DXY daily: nor here:

 

Markets:

S&P500 4hr: choppy near 3,400:

 

ASX-200 4hr: watch for any support from the 6,000 region:

 

Gold 4hr: still range-bound on low momentum:

 

NZD/USD 4hr: watch 0.67 and the weekly 200 EMA for any new make or break:

 

AUD/USD 4hr: watch trend lines for any new breakout; especially with today’s AUD CPI data:

 

Other charts: little changed from recent posts.