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

It all looks rather mixed on Thursday, after a generally sideways session on Wednesday, and a cautious stance is required. The ongoing possibility of a Brexit deal sees Sterling remain underpinned against all counterparties; although the short term momentum indicators suggest that the trend may see a bit of a correction. That said, the longer term charts still… Read More »

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

The possibility of a Brexit deal has seen Sterling move sharply higher against all counterparties once again on Tuesday, and the charts suggest that there is more to come so looking to buy dips seems the way to go, although the implied volatility for Sterling is now very high so the swings are likely to be large. I… Read More »

15 Oct: Mostly quiet due to US holiday. Sterling lower. RBA Minutes/China CPI ahead. UK jobs/EU ZEW later.

It has been a fairly quiet session, being a US holiday, although the US stockmarkets were open and have moved very slightly lower, because the inconclusive US/China trade negotiations seemed to dampen sentiment after some cautious Chinese statements. Traders have now turned their attention toward the 3Q earnings season which begins later today, with expectations rather downbeat for… Read More »

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

The trend table is showing very little on Tuesday and a cautious stance is required. Once again it seems to be that it will be headlines coming from the US/China regarding the trade outcome that will provide any directional move. The China CPI and the RBA Minutes are both due in Asian trade, which may create some waves,… Read More »

14 Oct: Trend table outlook for FX, Commodities, Indices

Once again it is a sea of green at the start of the week on the back of the positive sounds coming from the US/China trade talks, on Friday, after Donald Trump agreed to suspend some of the existing trade tariffs. The US$ was generally under pressure, as the Aud$ and Kiwi continued their relief rally, while Cable… Read More »

11 Oct: Trend table outlook for FX, Commodities, Indices

Suddenly it is a sea of green today, based on the growing hopes of a US/China trade deal, and also on the positive vibes coming from the UK/EU after the meeting between the UK/Irish PMs hinting at the slight chance of a Brexit trade deal. Sterling has soared and looks as though it may have further to run… Read More »