A rather subdued night really, I get the sense that the nerves are tightening and investors are waiting for the FOMC announcement. Commodities did move a bit, oil down 1%, gold -1.3% and copper down 0.4%. Asian stock markets had tumbled across the boards and the UK Footsie also fell 1.7% but the Americans are in the green. So a mixed bag to the start of the week.
DATA HIGHLIGHTS TODAY – AU Business confidence. UK GDP. US Durable goods & Business confidence.
AUDUSD – An inside bullish bar gives us, again, nothing much to work with today.
EURUSD – A LLLH and test bar. It also is not giving any clear signals of direction
GBPUSD – A LLLH but bullish bar. Would like to get long but just not ready to yet.
NZDUSD – Yep, starting to reverse off the lower side of the range….
USDCAD – Another LHLL but also a buyer bar, even bullish, waiting to see momentum collapse in this.
USDJPY – I think we may have found a bottom to this run. Lets see it tomorrow.
GOLD – Still making its way north but not convincingly.
BITCOIN (from Mt.Gox exchange) – Falling back to lower band of range of 950, last at 979.