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

After a rather steady session there is not an awful lot that is new to report. Oil had the biggest move of the day and the short term momentum indicators are pointing lower although the medium term range shows no real change. Elsewhere the commodities/stock markets both have a rather neutral look, with the exception of the ASX,… Read More »

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

Aside from the early move in the Aud$, Tuesday was a relatively steady session, with stocks the main focus – ending a 0.5%/1% higher – and taking US$Jpy along with it. The Aud$ may see some early activity again on Wednesday with the release of the Construction Work Done and the WBC Consumer Confidence  Leading Economic Index although… Read More »

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

Monday was quiet, and with little on the calendar on Tuesday coupled with little directional bias in the trend table, a similar session looks likely today. The main interest appears to lie in the Aud$, where we can expect some RBA inspired volatility, although the charts still suggest a sell on rally scenario. Otherwise the FX markets are… Read More »

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

The US$ remains underpinned at the start of the week and this looks set to continue, particularly against Sterling and the Australian/NZ dollars. In the short term they are all now rather oversold, so we may see a corrective bounce in each but this is only likely to provide a better selling opportunities as lower levels look to… Read More »

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

Stocks have seen a continuation of the bounce and rose for the third day in a row, underpinned by some decent corporate results from Cisco/Walmart. The FX markets have seen the US$ move higher against all its counterparts, with the Aud$, Gbp and Nzd$ all losing further ground. Gold was unable to overcome 1300oz and is now $10oz… Read More »