The US$ has edged higher to start the week but stocks are little changed ahead of a week of US retail earnings and today’s US$ Retail Sales data. There is also a meeting between President Biden and President Xi Jinping worth monitoring for any potential impact on market sentiment. 

 

Data:

 

Earnings:

 

DXY daily: holding above 95:

 

Trend line breakout:

EUR/USD: heading towards 1.13: recall this is the daily chart’s 61.8% Fib level!

EUR/USD 4hr: a TL b/o for 30 pips BUT watch 1.13 for any new make or break:

 

EUR/USD 30 min: note how the weakness evolved in the early US session:

 

Other markets:

S&P500 4hr: low momentum at the moment. Watch for any new TL b/o:

 

ASX-200 4hr: low momentum at the moment here too. Watch for any new TL b/o:

 

Gold 4hr: also low momentum at the moment. Watch for any new TL b/o:

 

AUD/USD 4hr:  Watch the weekly 200 EMA for any new make or break:

 

AUD/JPY 4hr:  Watch 84 for any new make or break:

 

NZD/USD 4hr:  Watch for any new TL b/o:

 

GBP/USD 4hr:  Watch for any new TL b/o:

 

USD/JPY 4hr:  Watch 114 AND for any new TL b/o:

 

GBP/JPY 4hr: Watch 153 for any new make or break: