Greetings Everyone!
We look ahead to Thursday with the BoE and ECB Interest Rate Decisions ahead of Non-Farm Payrolls, and we continue to see plenty of Volatile Price Action moving forward.
With Japan fully back “Online” with their Exchanges, Yen Movement remains rather “Choppy”… as does the Dollar… considering our Risk-Averse/Risk-Appetite Climates.
We look to the Dow and S&P 500 Closes as a “Measure of Sentiment” concerning the “Leading and Lagging Principle” with Equities relating to Currencies of Late… as well as Cable being a superlative Example of IntraDay Volatility.
While we still can say we have the Larger Macro-Ranges in Place… Price Behavior is surely taking advantage here with plenty of “Give and Take” as we work into more of the Asian Session.
Here are Larger Wide Views of the Dow and S&P Contracts for some Clarity as they still look for Bullish Sentiment Mid-Term as Prices approach Key Levels… and then we will pull the Hourly Cable… as The Queen has been having a “Field Day” with throwing the Dollar all over the Playing Field!
Give the Captures a Click, as always, for Commentary… and Post-Time is 00:00 GMT… ( 5 p.m. for me here out West…)
The Daily Dow sees the 8550’s as the next Resistance, which will be easily achieved if Equity Futures are bidding higher in After-Market Activity.
The Weekly S&P 500 gives even greater “Clues” to continue with Mid-Term Upside Corrections from the Massive Downtrending Activity.
The Queen simply ignores All of Us, and rolls on with Violation of our earlier Ellipsed IntraDay Range as She finds new Support @ 1.5075 in the Near-Term… with an Hourly Double-Top Formation clearly in Sight, but only if She Holds and begins to Correct… otherwise the 1.5200 Figure will be easily Accessible.
I will see all of You right around 7:00 GMT for the “Currency Majors” Report, to be immediately followed by an Update here as well!
I am trying some slight “Schedule” Adjustments, so hopefully they are beneficial to Everyone in a Timely Manner!
As always… your Comments and Questions and Thoughts are always Welcome!….
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