A Blog of Commentary and Ideas from an FXstreet Premium Member by 
Welcome to Thursday, Everyone!
( My sincerest apologies for lack of my two late Updates yesterday… I was able to remedy the Motherboard of my main System since I built it in the first place… simply a loose Chip on the MoBo itself needed some Soldering… hee hee… ;-)
Macro-Data Points provided strong Impetus for the Dollar and the Yen to strengthen a bit in the Immediate-Term… with TIC Data clocking in relatively positive, NY Fed Manufacturing Survey improving, and NAHB Housing Index also relatively up to “14″ from “9″ last month.
Despite the Continuance of “Safe-Haven” Inflows into the Low-Yielders… we still have plenty of Macro- “Uncertainty” in the Larger-Economic Climate.
Bullishness in the Pound has been strong lately, and the Yen Crosses as well… so we are seeing Sentiment Shifts simply taking back the majority of Dollar and Yen Gains in the early Asian-Pacific Sectors.
Here are various Time-Cycles for all Three, so give them a Click for Commentary, and Post-Time is 2:30 GMT.
Cable Hourly:
The “Uncertainty”… and for many… simple Frustration… keeps Crude Oil to the Downside and Pegged @ the $50.00 Handle in general.
Market Noise, Deep Wicks, and Price Battles simply will not let the “Black Gold” move along to one side or the other with Conviction.
OPEC continues to reduce Forecasts for Demand, and the Dollar mild strength of late… coupled with Equity weakness ( or “Flatness”… ) has kept continued “Weight” on Price Sentiment.
May Crude Futures Hourly Contract:
The Dow Indice may be the “Bellwether” for this Indecisoin having such a “Flat” Sentiment lately.
From the Daily perspective of the recent larger Downleg, we simply do not have the Momentum to Violate or significantly Fail at the Daily 61.8% Fib @ the 8030-8080 Area.
Dow Jones Index Daily:
We will check in with Cable, especially, moving forward… as we need some solid “Catalysts” to break this Cycle of meandering about with Macro-Market Sentiment!
Join me at around 7:00 GMT for the “Currency Majors Technical Perspective” and we will see how the “Four Siblings” are fairing in the Immediate-Term Views.
