7 Mar: Trend table outlook for FX, Commodities, Indices.

By | March 7, 2018

Risk sentiment seems set to improve further in coming sessions which means that the yen will remain under pressure as a funding currency. It looks heavy against both the US$ and on the crosses so buying dips still seems to be the plan. In other currency pairs, it looks rather messy but the Aud$ does look as though it may want to make another run higher against the US$ and the Jpy. Elsewhere, Gold and Silver look underpinned, at least in the short term.

Stocks and WTI both look choppy in the near term but may have some downside pressure ahead of them in the days ahead.

*Trade of the day: 3/7/2018 8:27 AM (AET)            

*This is a personal opinion only, based on the look of the table below, and carries no guarantee of success.

Buy US$Jpy @ 105.80. SL @ 105.20, TP @ 106.90

Buy EurJpy @ 131.00. SL @ 130.40, TP @ 132.80