The US$ closed lower for the day as the BoE raised rates and this triggered a few trend line breakout moves, however, they were choppy and probably best caught as range breakout trades. The S&P500, DJIA and NASDAQ all closed lower but the Russell-2000 closed higher and this divergence is worth keeping in mind. It is a relatively quiet end to the week, with just the BoJ update today, and next week may be similar in the lead up to Christmas.

Data:

DXY daily: revised TL to watch for any new b/o:

Trend line breakouts:

Gold: a new b/o here:

Gold 4hr: up $15 BUT watch $1,800 for any new b/o:

Gold 30 min: a range b/o would have worked ok here:

EUR/USD 4hr: up 60 pips BUT watch the 4hr 200 EMA for any new b/o:

AUD/USD 4hr: up 60 pips BUT watch 0.72 for any new b/o:

AUD/JPY 4hr: up 100 pips BUT watch 82 for any new b/o:

NZD/USD 4hr: up 60 pips BUT watch 0.68 for any new b/o:

GBP/USD 4hr: up 100 pips BUT watch the weekly and 4hr 200 EMAs for any new b/o:

GBP/JPY 4hr: up 90 pips BUT watch the triangle TL for any new b/o:

Other markets:

S&P500 4hr: watch 4,700 for any new b/o:

ASX-200 4hr: watch TL for any new b/o:

USD/JPY 4hr: watch TL for any new b/o: