It was a bit of a choppy session for US stocks with the S&P500, DJIA and NASDAQ all recovering off their lows to close with Spinning Top daily candles. The US$ edged up on the higher than expected US PPI inflation data but this did not translate into much movement on the FX charts. There is US Retail Sales and FOMC to monitor today so watch to see how this impacts market sentiment and the US$ index.

Data:

DXY daily: higher ahead of US Retail Sales and FOMC:

Markets:

S&P500 4hr: bounced up from the 50% fib:

ASX-200 4hr: still near 7,350:

Gold 4hr: watch $1,770 for any new make or break:

EUR/USD 4hr: watch 1.13 and for any new TL b/o:

AUD/USD 4hr: watch 0.71 and for any new TL b/o:

AUD/JPY 4hr: watch 81 and for any new TL b/o:

NZD/USD 4hr: watch for any new TL b/o:

GBP/USD 4hr: watch 1.32 and for any new TL b/o:

USD/JPY 4hr: watch for any push to 114:

GBP/JPY 4hr: watch 150.50 and for any new TL b/o: