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US$ hanging in there

The US$ remains range-bound and this has kept many FX pairs similarly affected. US stocks edged a bit higher but on low momentum.

 

Data: Watch today with AUD NAB Business Confidence, GBP Employment, EUR ZEW Economic Sentiment and USD PPI data.

 

Earnings:

 

DXY 4 hr: price action remains near the recently broken 10-year bear trend line. Note the revised trend lines and the low momentum:

 

S&P500 4hr: a little higher on the day:

 

ASX-200 4hr: this has made a TL b/o BUT watch 6,100 for any new make or break:

 

Gold 4hr: range-bound on declining momentum:

 

GBP/USD 4hr: still range bound but watch for an breakout with today’s GBP Employment data:

 

Most other charts similar as to weekend analysis.