Tuesday, April 9, 2019

Daily Update

The anticipated consolidation in S&P continues - futures closed lower at 2882. As per short term cycles, it is likely the consolidation would be over tomorrow.

Weakness in US Dollar continues with futures dropping as low as 96.46 before recovering to close at 96.63. Tomorrow is an important make or break day.

US Dollar Index Futures Hourly Chart - 04/09/2019

JOLTS report for February came negative today with a sharp slow down in jobs growth and job openings down by -7.1% m/m.