US stocks up, FX choppy

US stocks have cheered some second-tier housing data that, whilst coming in below expectation, has reached its highest level since 2005. The US$ is a little higher with this, and the Fed’s interest rate agenda, in mind but the Euro is holding up quite well for the time being too. Thus, there has been a bit of sideways action on many FX pairs.

USDX 4hr: a little higher but still triangle bound:

USDX4

EURX 4hr: a bit weaker but with a bit of a Bull Flag look to it:

EURX4

S&P500: above the Cloud but the bearish cross is still open for now:

S&PdailyCloud

Silver 4hr: a bit higher:

Silver4hr

Gold 4hr: trading fairly flat under the 4hr 200 EMA:

Gold4hr

Forex: no new TC signals as yet. There is AUD Monetary Policy Meeting Minutes, GBP CPI, US Building Permits and NZD GDT Price index data to watch out for during the next 24hrs:

E/U 4hr: a bit weaker BUT also with a bit of a Bull Flag look to it:

EU4

E/J 4hr: ditto:

EJ4

A/U 4hr: choppy above 0.735 but is still under the recent trend line. There is AUD Monetary Policy Meeting Minutes to watch out for this morning:

AU4

Cable: this looked last night like it might try for a breakout but this effort failed. Watch tonight when GBP CPI data is released and see if this can trigger any breakout, up or down:

G/U 4hr: respected the trend line:

GU4

G/U daily: no new TC signal or breakout on the daily either:

GUdaily

Kiwi 4hr: a bit higher but watch for any reaction to NZD GDT Price index data:

Kiwi4

U/J 4hr: chopping along just above the 124 level:

UJ4

GBP/JPY: tried for a bullish breakout last night but failed.

GJ4hr

Loonie: chopping along just above the 1.30 level:

Loonie4hr

GBP/AUD 4hr: a bit weaker but still above the 2.07 S/R level:

GA4

GBP/NZD: a bit weaker too and within a triangle of sorts whilst still under the major monthly-chart bear trend line:

GN4hr

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