|UPDATED DXY CHART BELOW|
Fairly quiet overnight session so far, not much in the name of currency games or ES ramping... 1181 appears to be the support tonight, with a clean downtrend being tested and retested from 1193 down to 1181.. Currently the descending triangle you see above failed to the upside, though this has happened 2 other times during this downtrend the past 24 yours.
The dollar is still the boss as the carry trade is wiggling a bit, perhaps this wiggling of the trade means we are in store for some volatility. 1186 on the upside is a level to watch for resistance, watch the 77 level in the DXY and 77.20 in the dollar futures DXZ0.
Gold will be moving around as well tomorrow with the dollar shuffling, i think when multiple asset classes are
moving in a logical and predictive correlation many trading opportunities present themselves.
Tomorrows calendar via Briefing.com actual consensus prior
|Oct 26||09:00||Case-Shiller 20-city Index||Aug||2.0%||2.1%||3.18%|
|Oct 26||10:00||Consumer Confidence||Oct||48.0||49.0||48.5|
|Oct 26||10:00||FHFA Home Price Index||Aug||NA||NA||-0.5%|