Tue 13th May (9.15 pm): Weaker than expected EUR data has depressed the E/J and thus no new signal. The A/J and G/J signals are now struggling too. I’ll be watching the E/J now for any new break back below the 140.

I’ve closed my G/J trade for a 25 pip loss.

Tue 13th May (4.45 pm)

EURX: this may continue to bounce up off the support trend line. This would dove tail in with any continuing ‘risk on’ across stocks.

I have to go to a trading meeting shortly and will miss my 7 pm candle. The E/J signal might form up by then though so I’ll update as soon as I get back.

There is key USD retail sales data released later tonight. This is being watched closely by many traders as a good print here may give the USD a boost.

There is also the Australian Annual Budget. I do suspect that the surprise response here might be one that is more muted than initially thought.

There is also NZD data early tomorrow morning. Keep an eye on the AUD/NZD for any break above the 1.09, or rejection for that matter!

Tue 13th May (3.45 pm)

Chinese data was a bit weaker than expected and this has slowed the AUD pairs.

Tue 13th May (2.40 pm)

Indices: the USDX continues to drift higher but the EURX is holding above support too:

USDX daily:

EURX daily:

EURX weekly:

TC Signals: As per my earlier posts, there are two open TC signals: A/J and GBP/JPY. The E/J is trying to form a new TC signal too.

A/J: I would still prefer to see a close and hold above the 96 level here first:

GBP/JPY: I have taken this one though: