The apparent quick Covid recovery of the US President helped to boost risk sentiment with classic risk-on flows. The US$, Bonds and Yen are lower but Gold, stocks and commodity currencies are higher. It is a big day for the ASX and AUD Forex pairs given the RBA rate update and Australian Annual Budget.

Data: watch today with the RBA rate update, AUD Budget, USD Trade Balance data and an ECB Lagarde and US Fed Chair Powell speech.

Earnings:

CSI 4hr: note the USD and Yen leading the move lower:

DXY daily: watch for any new TL and Cloud breakout:

Trend line breakouts:

S&P500 4hr: a new TL b/o but watch the $3,400 for any new make or break:

Gold 4hr: a new 4hr chart TL b/o but watch the daily chart’s Flag TL for any new make or break:

EUR/USD 4hr: a new TL b/o for 40 pips but watch 1.18 for any new make or break:

GBP/USD 4hr: a new TL b/o but watch 1.30 for any new make or break:

GBP/JPY 4hr: a new TL b/o for 70 pips:

Other markets:

ASX-200 4hr: watch the TL for any new make or break; especially with today’s RBA rate update and the Annual Budget:

AUD/USD 4hr: watch the TL for any new make or break; especially with today’s RBA rate update and the Annual Budget:

AUD/JPY 4hr: watch 76 S/R for any new make or break; especially with today’s RBA rate update and the Annual Budget:

NZD/USD 4hr: watch the revised TL for any new make or break;

USD/JPY 4hr: watch the TL for any new make or break: