23 July: Trend table outlook for FX, Commodities, Indices

It has been a quiet session on Monday and much the same looks likely for Tuesday, as I suspect we are going to be in consolidation mode now, while waiting on Thursday’s ECB Meeting and then next week’s FOMC decision. EurUsd: The Euro has had a quiet start to the week, confined to a tight range while waiting… Read More »

22 July: Trend table outlook for FX, Commodities, Indices

Friday generally reversed the moves seen on Thursday as traders wound back the hopes of a 50bp rate cut from next week’s FOMC Meeting, which had been inspired by the dovish comments from the NY Fed President, Williams. A WSJ article inspired Friday’s reversal and most assets returned to where they had begun Thursday trade, and at the… Read More »

19 July: Trend table outlook for FX, Commodities, Indices

EurUsd:  The Euro is sharply higher on Friday following the dovish comments from the Fed, which undermined the US$ across the board, and appears to have the legs to head higher in the near term. Right ahead, the nearby resistance lies at 1.1282/85 (15/11 July highs) and then at 1.1300 ahead 1.1320/27 (200 DMA/ 61.8% of 1.1411/1.1192) .Above… Read More »

18 July: Trend table outlook for FX, Commodities, Indices

While the FX markets are pretty much unchanged, the real action has been in oil, silver and gold, which all looks as though they could continue their current directional bias – up for the metals, down for WTI. The US stock indices also look increasingly heavy. In the FX crosses, the momentum indicators are not strong but the… Read More »

17 July: Trend table outlook for FX, Commodities, Indices

It has been a busy session and has provided some directional movement which may have some follow-through in the coming session. In particular, Sterling looks very heavy on all fronts, although I am avoiding Cable right now because of Brexit, while in the short term at least, the US$ looks set to remain underpinned against the majors. Stocks… Read More »