US stocks traded at new highs last session but pulled back following the release of US CPI data. The higher than expected CPI result dampened the mood set by the positive start to the US Earnings season. Today brings the RBNZ and BoC rate update, as well as US PPI data, so watch these for any further impact on risk sentiment.

Data:

Earnings: some big players on for today:

DXY weekly: higher after CPI so watch for any new TL b/o:

Trend line breakout:

USD/JPY 4hr: a move higher but watch the 11-week TL for any new make or break:

Other markets:

S&P500 4hr: stalled under 4,400:

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

Gold 4hr: chopping sideways on low momentum so the trend lines have been revised. Watch for any new TL b/o:

EUR/USD 4hr: lower after US CPI so the trend lines have been revised here too BUT there is still the look of a wedge here. Watch for any new TL b/o:

AUD/USD 4hr: lower after US CPI. Watch for any new TL b/o:

AUD/JPY 4hr: chopping sideways on low momentum so the trend lines have been revised. Watch for any new TL b/o:

NZD/USD 4hr: lower after US CPI so the trend lines have been revised. Watch for any new TL b/o; especially with today’s RBNZ rate update:

GBP/USD 4hr: lower after US CPI so the trend lines have been revised. Watch for any new TL b/o:

USD/JPY 4hr: chopping sideways on low momentum so the trend lines have been revised. Watch for any new TL b/o: