17 Nov: Trend table outlook for FX, Commodities, Indices.

By | November 17, 2017

*Trade of the day: 11/17/2017 8:02 AM (AET)……

After a pretty much sideways session there seems to be little opportunity for any directional move heading into the weekend, and in the absence of any major data I would be hesitant to become too involved. US$Chf does seem underpinned but it will take its lead from the Euro which looks rather mixed heading into Friday. In the longer term the Aud looks set to remain under pressure, with both EurAud and GbpAud looking to have the potential for medium term gains. Stocks look positive in the short term, less so in the medium term.

Mostly I would stand aside, although buying US$Chf may be a short term trade.

Buy US$Chf @ 0.9910. SL @ 0.9970, TP @ 1.0000