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Forex: yet to join the risk-on party

The US$ index is a bit weaker but still being supported within the daily Ichimoku Cloud. This has kept many Forex pairs range-bound whilst stocks, on the other hand, continue with their risk-on moves. Monday was a holiday in the USA and Canada so watch to see if the US$ gets a move on from here.

 

Data: watch for impact from GBP Employment and US CPI data.

 

Earnings: Earnings starts up this week:

 

DXY daily: still range-bound:

 

Trend line breakouts:

S&P500 4hr: a 40 point b/o above 3,500:

 

ASX-200 4hr: a 90 point b/o above 6.100:

 

USD/JPY 4hr: a small b/o so watch the monthly 200 EMA for any new make or break:

 

GBP/USD 4hr: still going and up 120 pips:

 

Other Markets:

Gold 4hr: watch revised trend lines for any new momentum breakout:

 

EUR/USD 4hr: watch trend lines for any new momentum breakout:

 

AUD/USD 4hr: watch revised trend lines for any new momentum breakout:

 

AUD/JPY 4hr: watch revised trend lines for any new momentum breakout:

 

NZD/USD 4hr: watch revised trend lines for any new momentum breakout:

 

GBP/JPY 4hr: watch revised trend lines for any new momentum breakout: