20 Mar: Markets on hold, waiting for the Fed, later today. UK CPI also due.

  Tuesday has been mostly very quiet while waiting on today’s FOMC decision and we should probably expect much the same for most of Wednesday. The US$ remains under mild downside pressure (DXY; 96.37), as do US stocks, which headed mildly lower late in the day after a news headline appeared, suggesting that China is “walking back” any… Read More »

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

Once again, there is a lot of blue on the heat-map at the end of Tuesday trade, in what was again a quiet session as traders wait on today’s FOMC Meeting. The technical levels therefore remain pretty much unchanged ahead of Wednesday and it seems set to be very quiet until the Fed announcement, early tomorrow Australia/NZ time..… Read More »

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

Once again, there is a lot of blue on the heat-map at the end of Monday trade in what was a fairly quiet session. This reiterates the indecision that currently dominates traders thoughts, and which seems set to continue until the FOMC Meeting on Wednesday (early Thursday for Asia). This indecision would suggest that range trading will again… Read More »

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

There is a lot of blue on the heat-map on Monday, indicating the indecision that currently runs through the markets in general, and I suspect that it may remain that way until the FOMC Meeting on Wednesday (early Thursday for Asia). This would then suggest that range trading is generally the theme until then and the technical levels… Read More »

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

It has been a pretty non-descript session, mostly confined to tight ranges but going nowhere fast. Cable was again the exception, trading in choppy fashion but ending towards the day’s lows and it looks heavy on the charts at the start of Friday trade. Selling rallies against either the US$ or on the crosses currently looks to be… Read More »