US Markets 11 Jan 25

 The US market broke consolidation support and closed lower.

BDI closed at 1,048 (10 Jan)

Harpex closed at 2,052 (10 Jan)

CDFI closed at 838.75 (10 Jan)

CCFI closed at 1,560.87 (10 Jan)

The dollar index broke the previous week's high and closed higher. 

Watch out for

• CPI data by multiple countries
• US and China GDP 
• US and UK retail sales

There will be no update on COT this week due to the delayed release date due to a Federal holiday.

Dow
Daily Neutral, Weekly UT
Potential resistance around 44,014, 46,144

Potential support around 41,884, 39,754, 37,625, 35,495

S&P
Daily UT, Weekly UT

Potential resistance around 6,045

Potential support around 5,809, 5,574, 5,338, 5,103

Nasdaq
Daily UT, Weekly UT

Potential resistance around 21,431

Potential support around 20,709, 19,986, 19,264, 18,542, 17,819

Russell
Daily Neutral, Weekly UT
Potential resistance around 2,300, 2,430, 2,561, 2,691

Potential support around 2,170, 2,040, 1,910, 1,779

Key event to watch out for (SG Time, GMT+8)

13 Jan, Mon

• Japan on holiday

14 Jan, Tue

• 2100 US PPI (MoM) (Dec)

15 Jan, Wed

• 1500 UK CPI (YoY) (Dec)
• 1800 Europe Industrial Production (MoM) (Nov)
• 2130 US Core CPI (MoM) (Dec)
• 2130 US CPI (MoM) (Dec)
• 2130 US NY Empire State Manufacturing Index (Jan)
• 2330 US Crude Oil Inventories

16 Jan, Thu

• 0830 Australia Employment Change (Dec)
• 0830 Australia Unemployment Rate (Dec)
• 0900 China PBoC Loan Prime Rate
• 1500 UK GDP (MoM) (Nov)
• 1500 Germany CPI (MoM) (Dec)
• 2130 US Core Retail Sales (MoM) (Dec)
• 2130 US Retail Sales (MoM) (Dec)
• 2130 US Initial Jobless Claims
• 2130 US Philadelphia Fed Manufacturing Index (Jan)

17 Jan, Fri

• 1000 China GDP (YoY) (Q4)
• 1000 China Industrial Production (YoY) (Dec)
• 1000 China Chinese Unemployment Rate (Dec)
• 1500 UK Core Retail Sales (MoM) (Dec)
• 1500 UK Retail Sales (MoM) (Dec)
• 1800 Europe CPI (YoY) (Dec)
• 2130 US Building Permits (Dec)  
• 2130 US Housing Starts (Dec)

Dollar Index closed higher

The dollar index closed higher, tested TLU2 and 109.7 resistance, and closed below the resistance.
Resistance at TLU2, 109.7, TLU3, 112.6
Support at 106.7, 103.6, 102.3, TLU1, 100.3

COT for Dollar Index

There will be no update on COT this week due to the delayed release date due to a Federal holiday.

Weekly chart with 50 SMA