Timing Market Shift: EUR AUD & Cross rate

Main market drivers after the bell was obviously focused on Apple and Facebook delivering the goods for their investors. This was a much awaited welcome with a few market twist on the stock-split from Apple. Nevertheless, timing these market shift while the USD is still in negative territory can only work well while waiting for the next catalyst to move the tightly range bound major currency pairs.

Apple and Facebook soared on earnings news; while Amazon earnings preview, later today, Amazon, Microsoft and Starbucks will be in focus scheduled to report their quarterly results after the close of trading. Some of the Dow components like Caterpillar (CAT) and General Motors (GM) also reported better-than-expected results keeping the DJIA simply making its corrective session moves while gaining momentum for the next leg up.

However, the DOW30 (DDM) is retesting its daily high @115. & currently @114.66 (+0.16%); while the DIA is @164.89 (+0.15%) to this writing; with the DJIA @16,533.67. So far so good for now!

Timing market shift: EUR AUD & Cross rate