Good morning traders! Looking forward to this trading day.
Overnight big news were the NZ jobs figures, which showed a weaker number in the headline, whereas the unemployment number dropped. Not gonna deep digger into this, other than that kiwi is on the lows, but won't collapse further unless the US $ shows it's teeth.
Coming up today in the heavy-hitting events section are
- ADP employment report (oh boy oh boy)
- crude oil inventories
- Aussie trade balance later during the night
Charts and thoughts:
NZDUSD Still looking for a retest of these areas but i have expressed my views up in the jobs review section
WTI oil finally crapped the pants. Areas of interest marked on chart. Careful, today we get inventories data
USDCAD H4 - yaaasss, squeeze you bastard. Upper areas of interest marked on chart. Lower areas, well, maybe around 0, no?
DAX closed the gap and ripped! Well, my Tradingview shows the gap was not closed by 0.8 pts, but tomato-tomato. Testing first approximate resistance area around here.
EURJPY a notable development, finally! Now all about followthrough.
EURAUD we also got the breakout - retest and go. Did not rip as much as i wanted but was good for 50-80 pips nonetheless
Bitcoin - ugh, don't get me started. Nothing to report. Follows a very rugged daily template. Range!