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News in focus….. again.

US stocks closed higher on stimulus hope and the US$ is a bit weaker. There has been a bit of movement on a few Forex pairs but otherwise there isn't a whole of change just yet. I maintain that there still needs to be a decisive breakout on the DXY before decent trending markets return.

 

Data: there is not a lot on the calendar today but watch for impact from US stimulus updates and US Earnings.

 

Earnings:

 

CSI daily: watch for any new breakout:

 

DXY daily: a bit weaker but still not much momentum. Watch for any new decisive breakout:

 

Trend line breakouts:

EUR/USD

EUR/USD 4hr: a new TL b/o for 45 pips:

 

EUR/USD 15 min: there was a decent enough trade here if waiting for a range-breakout:

 

Markets:

S&P500 4hr: low momentum here so caution needed; especially with news expected regarding US stimulus:

 

ASX-200 4hr: not much momentum here either and the 6,200 remains a big level to monitor for the weekly close:

 

Gold 4hr: not much happening here yet:

 

AUD/USD 4hr: weaker here BUT caution needed if the US$ weakens. Revised trend lines to monitor:

 

AUD/JPY 4hr: weaker here BUT caution needed if stocks remain supported. Revised trend lines to monitor:

 

NZD/USD 4hr: weaker here BUT caution needed here too if the US$ weakens. Revised trend lines to monitor:

 

Other charts: are little changed from previous reports.