The US$ rally paused last session as did the rise with yields and the fall with bond prices. Whether this is a temporary stay or a turning point remains to be seen. Perhaps today’s US CPI data might help shed light on the next move here? This shift helped to trigger some of the wedges that were shaping up on yesterday’s charts though.

 

Data:

 

Earnings:

 

DXY daily: paused after the recent rally so watch to see how US CPI impacts here:

 

Trend line breakouts:

Gold: the bullish-reversal descending wedge that was setting up here yesterday has delivered!

Gold 4hr: yesterday’s chart:

 

Gold 4hr: today’s chart after a $15+ b/o:

 

Gold 30 min: note how short term traders could have caught this b/o:

 

S&P500 4hr: a TL b/o for 35 points so watch 3,900 for any new b/o:

 

EUR/USD 4hr: a new wedge TL b/o here so watch 1.19 for any new make or break:

 

AUD/USD 4hr: a new wedge TL b/o here so watch 0.77 for any new make or break:

 

NZD/USD 4hr: a new wedge TL b/o here so watch 0.72 for any new make or break:

 

AUD/JPY 4hr: a new TL b/o here so watch 84 for any new make or break:

 

GBP/JPY 4hr: this TL b/o is now up 100 pips BUT watch 151 for any new make or break:

 

Other markets:

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

 

GBP/USD 4hr: watch 1.39 and for any new TL b/o:

 

USD/JPY 4hr: watch 108.50 and for any new TL b/o: