The US$ remains weaker despite higher yields, strong economic data and upbeat earnings and I am not the only one noticing this phenomenon. Kathy Lien made comments today along the same wavelength. The S&P500 has made its first daily close above 4,700 and Gold looks ready to take on a multi-month bear trend line.

NB: there won’t be any update on Friday of this week.

Data: US PPI is a key item today.

DXY daily: watch for any impact from today’s US PPI data:

Trend line breakouts:

GBP/USD: a small b/o move above 1.35.

GBP/USD 4hr: chart from w/e update:

GBP/USD 4hr: chart today after small move higher:

Other markets:

S&P500 4hr: watch 4,700 for any new make or break:

ASX-200 4hr: watch 7,500 for any new make or break:

Gold 4hr: watch the multi-month bear TL for any new make or break:

EUR/USD 4hr: watch 1.16 for any new make or break:

AUD/USD 4hr: watch the daily 200 EMA for any new make or break:

AUD/JPY 4hr: watch 84 for any new make or break:

NZD/USD 4hr: watch the 8-month bear TL for any new make or break:

USD/JPY 4hr: watch for developing weakness:

GBP/JPY 4hr: holding above 153: