I saw a Tweet yesterday where someone moaned that they can’t believe the VIX isn’t at 100. It’s hard to believe there hasn’t been more volatility in the wake of events in US politics over the last 24 hours. Despite all of the turmoil, US stocks are higher, Gold and the Yen are lower and the US$ index is little moved. The DXY remains in focus though as US Treasuries look to move higher, especially with today’s NFP.
NB: I have been unwell the last few days and remain a bit off-colour so updates will be brief and few over coming days.
Data: watch for any impact from today’s US NFP.
DXY daily: note the 3-candle pattern of a bullish-reversal Morning Star:
VIX weekly: a bit of volatility but not as much as I’d expect given recent US events:
TNX weekly: note the breakout underway here:
Trend line breakouts:
USD/JPY 4hr: note the recovery / bounce off 103 support:
GBP/JPY 4hr: a TL b/o for 100 pips BUT watch 141 for any new make or break:
AUD/JPY 4hr: a TL b/o above 79.5 for 100 pips BUT watch 80.50 for any new make or break:
Other markets:
S&P500 4hr: marching higher so watch 3,800 for any new make or break:
ASX-200 4hr: also higher so watch 6,700 for any new make or break:
Gold 4hr: watch $1,900 for any new make or break:
EUR/USD 4hr: watch 1.23 for any new make or break:
AUD/USD 4hr: watch the triangle TL for any new b/o:
NZD/USD 4hr: watch trend lines and 0.73 for any new make or break:
GBP/USD 4hr: watch trend lines for any new b/o: