Data & Trump help US$.

The US$ recovery has continued with some decent durable goods data and hope vested in the Trump tax reform plan. I’m certainly no accountant but I can’t see how tax cuts and increased spending without increasing debt adds up???  Thus, keep a close eye on this recent US$ recovery effort.

Data: watch today with speeches from the BoJ Gov Kuroda and BoE Gov Carney and for impact from USD GDP and Weekly Unemployment Claims.

NB: this will be the last full update for a month as I leave for holidays tomorrow morning.

NASDAQ: I gave some presentations a couple of years ago expressing my bullish sentiment on the NASDAQ index and the gain from stocks I profiled has been over 80%. Check out this post for a summary of this performance. 

USDX daily: price has recovered over the weekly 200 EMA so watch to see if this holds:

USDX weekly: any hold above the weekly 200 EMA would have me looking for a push back to the weekly 61.8% fib, near 100 S/R:

EURX weekly: looking heavy but watch to see how the Flag fares by week end:

TC Signals: there have been a few decent TC signals during the last session:

Gold 15 min: for 1.5 R but too big a Stop for my liking:

EUR/USD 15 min: for 3 R! Note the small Stop needed!

USD/JPY 15 min: just 1.5 R before reversing:

Trend line breakouts: there have been two new breakouts and continuation with some others:

Gold 4hr: a new move for 100 pips; to go with the TC signal noted above. Watch the $1,280 for any new make or break:

USD/JPY 4hr: an 80 pip breakout but price has now pulled back to the weekly trend line:

EUR/USD 4hr: now at 150 pips:

AUD/USD 4hr: now at 80 pips. Watch the 0.78 level:

USD/CNH 4hr: The exotics are sure enjoying this USD move. This is now at 500 pips:

USD/TRY 4hr: now at 670 pips:

Other Forex: watch for any new trend line breakouts:

EUR/JPY 4hr: revised trend lines and the 133 level here:

AUD/JPY 4hr: watch the 89 level as well:

NZD/USD 4hr: revised trend lines here too after the RBNZ update. Watch 0.72:

GBP/USD 4hr: watch the 1.35 level too:

GBP/JPY4hr: watch the 150 level too:

GBP/AUD 4hr: watch the 1.75 level too:

GBP/NZD 4hr:

EUR/AUD 4hr: watch the 1.50 level too:

EUR/NZD 4hr:

AUD/NZD 4hr:

Silver 4hr:

Oil: watch to see how Oil negotiates this major bear trend line:

Oil 4hr:

Oil 15 min: