The US$ is lower which has helped to support Gold and some FX pairs. There are mixed messages though with stocks looking forward, in a ‘better days to come’ kind of mode, and trading higher BUT Oil is trading lower on demand worry. The daily chart of the currency strength indicator is worth consideration as there seems to be a shift in progress.

 

Data: Watch today with US Retail Sales and the BoC rate update.

 

Earnings: Earnings season ramps up again:

 

DXY daily:  weaker so watch for any push back to 98 S/R:

 

 

Currency Strength Indicator: note the shift that looks to be in progress on the daily chart. Look who is on top! Click on chart to enlarge and improve contrast view:

 

Trend line breakouts:

S&P500 4hr: chopping higher:

 

Gold: has broken above $1,700 so watch for any Ascending Triangle move:

Gold 4hr: chart from w/e analysis:

 

Gold 4hr: a $35 max move above $1,700 thus far:

 

AUD/USD 4hr: a 90 pip b/o move:

 

AUD/JPY 4hr: still at 270 pips for this b/o move:

 

USD/JPY 4hr: 100 pips for this b/o move:

 

ASX-200 4hr: watch for any push above this 5,450 region:

 

Oil 4hr: demand worry trumped production cuts for a $2 b/o move. Watch $20 for any new make or break:

 

EUR/USD 4hr: this TL b/o is limping along BUT it might be best to try and catch this on any b/o above 1.10:

 

GBP/USD 4hr: there has finally been a b/o above 1.25 and this has given up to 120 pips:

 

Other markets:

NZD/USD 4hr: watch for any TL b/o:

 

GBP/JPY 4hr: Still little momentum here even though above 135, SO, watch 136 for any TL b/o: