A snapshot view of yesterday’s New York - London session with technical notes.
US consumer confidence at its highest since Oct 2007, coming in well above expectations of 85.5 at 90.9
S&P House Price Index continues to grow but at a marginally slower rate of 9.3% vs 9.8% expected. This is the 6th consecutive decline of the rate of growth since the highs of Jan to suggest a cycle high is firmly in place.
UK Net lending edges lower by 0.1bn to 2.5bn but still around the highest levels since Q4 2008
FOREX:
DXY
AUD/USD Back below 94c (again) and not within a trend on D1; Intraday support at 0.936 and resistance at 0.94 and 0.941
EUR/USD Stalls just above 1.34 target and meanders around the 200 week MA;
GBP/USD Hovers above Feb trendline; Intraday bullish above 0.905
USD/CAD D1 Bullish trend very much in place, breaks to new highs and above 200 day MA; Find interim resistance at MR1; Intraday bullish above 1.084
USD/CHF Closes to a 6-month high
USD/JPY Breaks to 3-week highs and above 200 day MA; Support at 101.96 and 102
NZD/USD Clearly bearish; Intraday resistance at 0.8517 and 0.8524
COMMODITIES:
Gold Back below $1300 but remains above 50 and 200 MA; Still potential for base to build above $1287
Silver Still within a correction but we suspect that $20.30 will hold as support