The market to and fro continues and I’m not the only one to notice. Check comments here and here. What is is going to take for greater clarity to emerge? Today’s US Retail Sales, the next FOMC or a DXY breakout? Both FX indices, USDX and EURX are stuck within their weekly Ichimoku Cloud, and essentially within their respective daily Clouds, so this range bound activity is not surprising. AUD Employment data and NZD GDP are released during the Asian session today so watch to see how these impact the AUD and NZD pairs. After that, watch for any broader impact from US Retail Sales.

NB: tomorrow’s update will be released later in the day as I have some medical appointments in my morning.

Data:

DXY: still range bound.

DXY weekly: low momentum:

DXY daily: edging back into the Cloud:

Markets:

S&P500 4hr: the 18-month TL remains a strong magnet:

ASX-200 4hr: bullish momentum building here:

Gold 4hr: watch for any revised TL b/o:

EUR/USD 4hr: watch for any revised TL b/o:

AUD/USD 4hr: watch for any revised TL b/o; especially with today’s Employment data:

AUD/JPY 4hr: watch for any reaction at 80; especially with today’s Employment data:

NZD/USD 4hr: still holding up relatively well so watch for any new TL b/o; especially with today’s NZD GDP data:

GBP/USD 4hr: watch for any new reaction at the 18-month TL:

USD/JPY 4hr: lower so watch 109:

GBP/JPY 4hr: watch for any revised TL b/o: