SF I like that dxy trgt, my measured trgt 104,80/85
looks like there was a sly pause in enthusiasm for the usd
I would be happy to see dlrchf to 9074 ish or so
There is no way Dxy is holding below 104.40 today, more likely to close around 104.75.
AdvanceDecline ratio is at a dead stop with Trump speaking at present.
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NAS100 4 HOUR CHARTT – 18000?
NAS100 continues to retrace where, similar to US500, pivotal levels are probably more important than technical levels.
In this regard, 18000 is such a level in case the downside picks up further steam.
AudUsd and AudCad should hold near the lows and Gold as well with what I am seeing at present, should be more visible around the bottom of the hour.
USD catching a bid on the risk off mood. EURUSD is back to 1.0850. Another day another whipsaw.
Among other things in our metrics..Puts are stronger than calls for Loonie so preference is the sell side up around current levels in futures and thebid on UsdChf spot.
Tnx (cgi) should hold 44.60 area at least for the day.
US500 DAILY CHART – 5200 TARGETED?
AS i POSTed THE PAST FEW DAYS IF THE DOWNSIDE PICKS UP STEAM 5200 WOULD BE A TARGET. sO DAR, IT HAS CIOME CLOSE BUT YET TO TEST THIS LEVEL.
As noted below, a Chicago PMI miss has been the catalyst for the drop in equities.
See if the dollar reacts to the risk off mood.
things now appear to be turning pro-usd
lets see if it lasts or if nigel jubbs is having bit of fun
Stocks took a hit after a downside miss in Chicago PMI
See our Economic Calendar
earlier euro and gbp were prancing uP in tandem which is no guarantee of further prancing in tandem
lets see what post 10:30 ish brings
Rates are liking the bid here on UsdChf near the figure.
UsdChf is reaching at these levels for the offers.
DLRCHF 9017 – I am biased looking for signal to buy usd. fwiw Pivot 1 S at 9010
Euro is running out of time.
EURGBP 30 MINUTE CHART – MONTH END?
As I posted earlier,
As I noted, month-end flows can be a factor, especially in EURGBP, which is firmer.
Note, I have seen month-end flows reverse during the day so keep an eye on your charts
To suggest an order the other way, .8515 would need to be broken.
In any case, keep an eye on this cross as the 4 PM London fix approaches.
GBPUSD, meanwhile, has regained a bid after EURGBP came oiff its high.
EURO 1.0869 ahead of 10am – mini bullish atm, 1.0890/95 Res
after 10 / 10:30ish … new game