21 Nov: Trend table outlook for FX, Commodities, Indices

Once again, the real action has been in the stockmarkets, and with all the red on the charts they appear set to test lower levels in the days ahead, so selling rallies is preferred. Note that the ASX SPI200 is sitting right on the 200 WMA (5610), a break of which could see it head sharply lower. We… Read More »

20 Nov: Trend table outlook for FX, Commodities, Indices

The US$ is mixed at the start of Tuesday trade, stronger against the Aud and Kiwi, weaker elsewhere, particularly against the Chf, which looks as though it has further downside momentum ahead of it. The other majors look a little directionless today although the Aud and Kiwi may have some short downside pressure during the session. If so,… Read More »

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

Following on from Friday’s sharp move lower the US$ looks set to remain soft, at least in the near-term, and thus selling any US$ rallies seems to be the plan today. Note that some of the 4 hour charts are showing a degree of divergence, so I would not be piling in too heavily at current levels. Target… Read More »

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

It has been another volatile session, especially for Sterling – care of Brexit deal, – and it looks as though Cable will remain in focus in coming days. Looking to trade it from the short side against both the US$ and on the crosses still seems to be the plan although standing aside altogether may also be prudent..… Read More »

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

After a highly volatile session, care of Brexit and economic data misses in both the EU and the US, the end of the day has the US$ under some pressure, which looks like it could continue over the next 24 hours so buying dips seems to be the plan against most of the majors. As with yesterday, the… Read More »