With the empty calendar our attention should be shifted somewhere else but it is very hard to find a main market story in the past three days. In this environment, stocks performed a major reversal yesterday ending the loosing streak. Today we do have a correction of those movements but it is relatively flat and definitely not dangerous. Notable fact on Wednesday is also a weaker USD, again.
Cable is currently in a 'now or never' situation. We are on a very important support here and a bearish breakout can be lethal. If buyers think about a trend continuation they have to act now.
SP500 used the hammer from Monday, which bounced of the long-term up trendline and went significantly higher. Positive sentiment is back.
Gold failed to break the neckline, which technically reopens a way for the second test of the 1300 USD/oz.
NZDUSD is having a strong bearish setup on a weekly chart, where we do have a double top on the 50% Fibo retracement. It is also supported by the Head and Shoulder on the H4. Sell signal will be triggered once the price will break the neckline on the 0.722