US PRE-MARKET MOVERS: CDNS, WELL, JNJ, UHS, UPS, CNC, RCL, PNR, KO, SHW, GLW, CORZ, HON
ES flat NQ -0.8% RTY flat

AUDUSD DAILY: Adios .7000?
On the verge of breaking a 9 day pivot pattern around .7000, which sends a bearish signal but only confirmed by a firm break of .6962, the bottom of the 9-day range.
Catalyst: MARKET ANALYSIS: AUD weaker after RBA’s Bullock fails to convince market of immediate tightening Newsquawk.com

Forex Market Snapshot
A bit oif a disconnect with softer oil prices (and dip in US yields) while the dollar maintains a generally firm tone but so far with limited follow through.
EUREUSD: Back to about unchanged after holding a test of 1.1361 suppoprt
USDJPY: Filled its opening week gap to 163.85
GBPUSD: Focus still on 1.3300 (bearish below) after breaking down through it yesterday (low 1.3284)
AUDUSD: The underperformer and so far breaking a 9-day pivot around .7000 (bearish) but only confirmed by a break of .6962 (tested, holding so far).


COMING UP: Data: Spanish Retail Sales (Jun), US ADP Employment Change Weekly, Goods Trade Balance Advance (Jun), Retail Inventories Ex Autos Advance (Jun), Wholesale Inventories Advance (Jun), Consumer Confidence, Atlanta Fed GDP (Q2). S
Speakers: RBA’s Bullock. Supply: Australia, UK, Italy, Netherlands,
US. Earnings: PayPal, Boeing, UPS, Ford, EssilorLuxottica, Kering, Air Liquide, Eni, Mercedes-Benz, Barclays, GSK, Unilever.
Newsquawk US Market Wrap: Stocks mixed while crude tumbles to pause in US/Iran strikes
SNAPSHOT: Equities mixed, Treasuries up, Crude down, Dollar flat, Gold up

NAS100 DAILY: Watch 28K
Clinging to hope with a bounce back to 28K after breaking below it as rotation seems to be weighing on the NAS
28K is clearly pivotal with only today’s 27775 low blocking a void of 1000 points on the downside.
So watch trade around 28K as it will dictate whether momentum builds further to the downside.

This caused a brief blip in risk but stocks now lower than prior as markets have learned not to overreact to headlines unless it suits the trend.’

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