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Slow going ahead of NFP

There has not been much movement again as the end of month ticked over and as markets wait for Friday’s US monthly jobs report. The commodity currencies are holding up quite well; all things considered. The ASX-200 and AUD pairs will be in focus today with the release of Australian GDP data.

 

Data:

 

DXY daily: still doing very little ahead of Friday’s keenly awaited US monthly jobs report:

 

Trend line breakouts:

NZD/USD 4hr: a small b/o for 40 pips:

 

AUD/JPY 4hr: another subtle break higher BUT watch today with AUD GDP:

 

S&P500 4hr: holding above 4,500:

 

Other markets:

ASX-200 4hr: 7,500 still in focus as well as the 18-month support TL. Watch to see what impact today’s Australian GDP result has here as it is expected that data might reflect a new recession:

 

Gold 4hr: revised TL due to declining momentum:

 

EUR/USD 4hr: holding above 1.18:

 

AUD/USD 4hr: holding above 0.73 but on declining momentum BUT watch today with AUD GDP:

 

GBP/USD 4hr: chopping sideways on declining momentum:

 

USD/JPY 4hr: holding near 110 on low momentum:

 

GBP/JPY 4hr: holding above 151 on fairly low momentum: