The US stock majors continue to stutter under their all-time Highs but US Treasury yields and the US$ have marched higher which has put pressure on Gold and some FX pairs. Interestingly, the Aussie and Kiwi are holding up relatively well.
Data: a bit to watch today with AUD Building Approvals, CNY data, EUR CPI and US private jobs data, ADP NFP:
DXY daily: higher again so keep watch for any push to test the previously broken 10-yr support TL:
TNX: 10 Yr Treasury Yields continue to march higher which is helping the US$. Watch for any push to 1.85 as this is the weekly chart’s 50% Fib and a recent reaction zone:
TNX daily: the Bull Flag looks to be playing out:
TNX weekly: watch for any push to the 50% and 61.8% fib levels:
Trend line breakouts:
Gold 4hr: this is weaker with the stronger US$ so watch $1,670 for any support::
EUR/USD: weaker with the stronger US$ as well.
E/U 4hr: a TL b/o for 50 pips:
E/U 30 min: note how this would have been a decent one to stalk for Asian b/o traders:
E/U 4hr: revised TL to monitor with 1.17 S/R now in focus::
USD/JPY 4hr: a small TL b/o but watch for any push to 111:
Other markets:
S&P500 4hr: choppy but watch for any new TL b/o:
ASX-200 4hr: ditto:
AUD/USD 4hr: a bit weaker with the stronger US$ but holding up relatively well:
AUD/JPY 4hr: ditto
NZD/USD 4hr: ditto:
GBP/JPY 4hr: ditto