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

Markets have shown limited reaction to the Fed decision to cut rates by 25bp but the US$ is a little firmer and this seems as though it could continue, with US$Jpy and US$Chf both looking constructive, while the Aud and the Kiwi both look heavy. The Euro and Sterling look mixed in the short term although the cross,… Read More »

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

Markets have been choppy and, with the exception of WTI, mostly without too much direction on Tuesday although the US$ is generally a little weaker, albeit within the previously defined range against all the major pairs. Today will be all about the FOMC, and ahead of that I doubt that we see too much action so there are… Read More »

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

There is plenty going on ahead of tomorrow’s FOMC Meeting, with the obvious interest being in the oil price, where the medium term indicators seem to suggest still higher levels ahead for WTI. The metals have also been volatile on Monday, but at the end of the session the price action has been inconclusive and mixed, so I… Read More »

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

Sterling was the centre of attention on Friday and the charts suggest that it has further to run to the topside in the days ahead so looking to buy dips either against the US$ or on the crosses currently seems to be the plan. The Euro also looks slightly better bid in the medium term, while US$Jpy and… Read More »

13 Sept: Trend table outlook for FX, Commodities, Indices

It was all about the Euro on Thursday, following the ECB announcement, although at the end of the session the charts for EurUsd look pretty confused, so I suspect further choppy trade near current levels are now likely heading into the weekend unless the US Michigan Consumer Sentiment Index/Retail Sales spring a surprise. The Eur/Xs look slightly more… Read More »