Are DOGE layoffs set to resume?
Trader's Corner:
- Gold finally breaks the triangle in style
- USD continues to rise on thinning volumes
- DAX en route to 10,500
- EUR/JPY forming potential bear flag
ASIA ROUNDUP:
- The AUD leading Index is at 0.5%, it's lowest since Jan 09. Construction work was at a 2-month high and beat expectations of -0.3% to see +0.3%. The RBA may take this as a sign that the lower interest rates are beginning to help in the correct areas. The AUD/JPY remained subdued, trading withinn yesterday's range whilst remaining below 94.53 resistance.
- The Kiwi Dollar saw the larger moves during Asia following dwindling business confidence, selling off against all major crosses. The NZD business confidence sees a 3rd consecutive decline from the 20-year high to sit at a 5-month low, as the interest rate rises begin to take effect. The AUD/NZD traded to a 7-day high and remains above the monthly pivot.
- The Nikkei 225 remained flat following yesterday's 7-week highs as investors booked profits and traded well within yesterday’s range.
UP NEXT: 
- German unemployment has been decreasing for 5 consecutive months, so a reading above 0 (rising unemployment) would cause more of a stir to the markets and be Euro negative.
- Eurozone data arrives 5 minutes later to show economic, consumer and business sentiment which would be monitored by the ECB in regards to any stimulus decisions next month.
TECHNICAL ANALYSIS:
WIT: Bullish breakout pending?
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The red line represents a breakout line which would confirm a double bottom (not fully pictured). We can see how price is currently trading within a tight bullish channel and found support above the Weekly and Monthly Pivots. As long as we remain above 103.50 then a bullish breakout is favoured. However, a break below 103.50 and the bullish channel would confirm a change in near-term trend and for price to recycle lower towards 102.60.
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