26 Apr: Forecast: Stock Indices, Commodities

S&P: 2383 US stocks are up by around 1%-1.5% today, with the S+P trading up to 2388, just 12 points below the all-time high. The short term momentum indicators are positive but overbought, while the dailies remain neutral, so I would not be getting too carried away in either direction right now. Continue to trade the range while… Read More »

26 Apr: Forecast: FX: US$/Majors

EURUSD: 1.0925 The Euro has had a strong session in reaching 1.0949, and looks as though it could head higher still over the next few sessions although the 4 hour charts are now approaching overbought extremes, so some caution is warranted on the topside, particularly in view of Donald Trump’s impending tax announcement, which could see renewed strength… Read More »

26-Apr-17: Trend table outlook for FX, Commodities, Indices

                         Euro strength and Yen weakness appears to be the main game in town right now and buying the cross is probably the best result although the hourly charts are showing some bearish divergence and suggest that there may be better than current levels to buy it, for those who want to get long.  Elsewhere it all looks… Read More »

24-Apr-17: Trend table outlook for FX, Commodities, Indices

  The Euro charts have all taken a leap higher at the Monday open and point towards the possibility of further gains on all fronts, although in many cases there are now chart gaps that will require filling in. Asia, as usual, won’t know what to do with it and is likely to chop around near current levels,… Read More »

21-Apr-17: Trend table outlook for FX, Commodities, Indices

                         It all looks a bit mixed ahead of the weekend, and with the French election results due right on the Asian open on Monday a fairly cautious stance is required. The Euro looks a little heavy today and some position squaring, possibly taking it a little lower, would not really surprise although I don’t think we see… Read More »

20 Apr: Markets stabilise following yesterday’s Sterling led moves. WTI lower.

  Today will be a shortened report due to some IT issues. It has been a largely rangebound session on Wednesday as markets stabilise following the previous day’s Sterling-led volatility. Cable has actually given back some of its prior gains, which was somewhat expected, allowing the short term charts to unwind their overbought condition. The other major mover… Read More »