Matt Simpson, CFTe, MSTA
CityIndex
Following the Dovish comments from the FOMC minutes Dollar came the worst, seeing US Equities rally for a 2nd consecutive day
FOREX:
AUDUSD 0.940 capped as resistance and A$ awaits today's employment figures to see if it can hold on to 5-month highs; Currently trading just above daily pivot to suggest swing low in place for intraday traders
EURUSD Broke above 0.13825 resistance and seemingly back in line with the bullish trend
GBPUSD House sales rise to record high to see bullish momentum continue and now trading just shy of Feb highs
USDCAD Broke below 1.091 support; below 1.091 targets 1.080
USDCHF 3rd consecutive bearish close and at 2-week low
USDJPY Bullish Harami formed on Daily to suggest weakness to the bearish move; Currently trading above 102 early Asia
NZDUSD At 2.5yr high with increasingly bullish momentum
INDICES:
NASDAQ at 4-day high and closed at the high of the day to suggest continued gains
S&P Firmly rejected 1830 support and increasingly bullish
DJI Morning Star Reversal confirms swing low
COMMODITIES:
Gold Holds above $1300 and rallied following FOMC minutes; Closed with potential Hanging Man to suggest near-term weakness to bullish move; Also broke out of bearish wedge highlighted yesterday and retesting broken trendline
Silver back below $20 with potential bearish flag forming, or a basing pattern if we close convincingly above $20
WTI looks increasingly bullish after capitalising on USD weakens and target $104
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