Futures Update

ES futures haven't done anything that is interesting enough that  would even bother to post it, the same applies for NQ futures despite any movement off the lows of the day.

The EUR/USD has a 1 min and 5 min negative divergence, they are along the lines of continuing the divergences that were in place earlier today, they don't seem to have changed much as a result of the policy statement. While the pair has moved up a bit here, the negative divergence that is developing continues to, I'll keep an eye on it and see if anything changes.

Euro futures on their own in the 1 min timeframe have improved a little, they are basically in line with the move up in the Euro, the $USDX futures saw a steep drop/print at 12:30 exactly of $79.40 from the $80 range, I know it doesn't sound like much, but it's a fast steep drop, it only lasted about a minute, there's some 1 min positive reaction there and this may change as the charts have more time to catch up, but the US Dollar Index futures have very nice positive divergences that are leading in the 5 min and 15 min timeframes, whether they stay in place or not will be very interesting. QE is inflationary and should be throwing negative signals on the $US dollar, so if this positive hold up it will be significant as this is also market negative.

Since starting to write this, the ES and NQ futures are not standing out as positive, but they are more in line with the move in price, more so in NASDAQ futures than S&P futures.