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

There is a fair bit of green today at the start of the Friday session with the US$ looking bid against the Jpy, Euro and Chf, offered against Sterling and fairly neutral against the Aud and Kiwi. As with yesterday, Sterling seems to be the standout currency, despite all the Brexit woes, and seems to still be a… Read More »

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

As with most of this week the heat map shows very little directional bias, particularly in the FX markets, and with a lot of blue on the chart it would appear that we are in for further rangebound conditions in the sessions ahead. Until we see some new catalyst to move the markets it does look as though… Read More »

16 Jan: Trend table outlook for FX, Commodities, Indices

As with yesterday, the heat map shows very little directional bias today, and with a lot of blue on the chart it would appear that we are in for some rangebound conditions in the sessions ahead. The result of the UK parliament vote has seen some volatility in Sterling and although I would steer clear of GbpUsd, it… Read More »

15 Jan: Trend table outlook for FX, Commodities, Indices

The heat map shows very little directional bias today, and with a lot of blue on the chart it would appear that we are in for some rangebound conditions in the sessions ahead. The only mildly positive bias is in Sterling and EurGbp (negative for Eur, positive for Sterling), which seems strange ahead of today’s Brexit vote –… Read More »

15 Jan: A quiet start to the week. Brexit vote ahead today.

The currency markets have been relatively steady on Monday and most pairs are in line with yesterday’s levels. Stocks are a little lower (-.04%-0.7%), dragged down by Monday’s uninspiring Chinese trade data, which is also the cause of WTI falling by 1.25%, as traders grow concerned about a more protracted slowdown in the event of an escalating trade… Read More »

14 Jan: Trend table outlook for FX, Commodities, Indices

The US$ is showing us very little at the start of the week after having failed to continue with its breakout move of last Thursday, and the medium term charts look rather neutral, with the possible exception of US$Jpy, which still hints at a lower dollar at some stage. At the same time the short term momentum indicators… Read More »