1

Profit taking at end of month

Monday saw some profit taking across stock markets as the US$ index continues to hold above 91.75 support and Gold holds above $1,770. Watch for any potential sideways activity until Friday's US jobs data report.

 

Data: Watch today with the RBA rate update, a batch of EUR second tier data and Fed Chair Powell speech as well as US ISM Manufacturing PMI data.

 

Earnings:

 

DXY daily: note how price action held at the 91.75 level. Keep watch for any bullish-reversal Descending Wedge activity:

 

Markets:

S&P500 4hr: watch revised trend lines for any new breakout:

 

ASX-200 4hr: watch revised trend lines for any new breakout:

 

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

 

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

 

AUD/USD 4hr: watch the Bull Flag trend lines for any new breakout; especially with today's RBA rate update:

 

AUD/JPY 4hr: watch trend lines for any new breakout; especially with today's RBA rate update:

 

GBP/USD 4hr: watch the 1.33 level for any new breakout:

 

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

 

USD/JPY 4hr: watch for any push to 105:

 

GBP/JPY 4hr: watch 139 for any new make or break: