Daily Update

Another day of consolidation and S&P closed almost unchanged. However, VIX dropped by almost 2%. Short term cycles are up and looking for a catalyst to uptrend - for this to materialize S&P futures need to hold above hourly trend level.

US Dollar Index futures closed higher at 96.81 with up trending hourly cycle.

US Dollar Index Futures - 04/11/2019

US jobless claims came lower at 196K. PPI came higher at 0.6% m/m and 2% y/y. Excluding food and energy, PPI was 0.3% m/m and 2.4% y/y. Yesterday, CPI came higher at 0.4% m/m and 1.9% y/y - excluding food and energy it was 0.1% m/m and 2.0% y/y.