Category Archives: Daily Outlook

19 Dec: US$ mixed. Aud, Kiwi lower. Liquidity becoming thin, but a heavy US data schedule this week.

Markets were relatively mixed on Friday following the gyrations seen on Thursday after the FOMC announcement, with the notable exceptions of the Aud and the Kiwi both of which collapsed by around 1% against the dollar and also made considerable losses on the crosses. There was no particular reason for the move although commodities in […]

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19 Dec: Happy Christmas! A new website is on its way!!

FX Charts would like to thank you for your support during 2016. Another year is almost done but as we look forward, I suspect that 2017 is going to be a very active one in the financial markets, with some sizable moves coupled with some strong trends that have the potential to provide some great trading opportunities.

2017 will be a big year for FX Charts too. We are changing our website in January, which will be accessible via a new address (fxcharts.net), although the current URL (www.fxchartsdaily.com) can still be used and will automatically send you to the new site. In addition to the daily outlook, the updated website will also contain a members area which will allow access to a daily trending guide to 18 different currencies/commodities/indices. There will also be a forum/chat room, where members can post and discuss their own market related ideas and theories, as well as a host of educational and trading tools to assist you along your way to being a more successful trader.

The new site is already up and running and we have started adding some interesting content, ready for the new year. If you are already a subscriber to FXCharts you will be able to log in to the new site soon, so look out for an announcement on fxcharts.net to let you know when these logins are available. Just use the forgotten password link on the login page to have a new password emailed to you. If you are not already a subscriber you will be able to register at fxcharts.net, just wait for the announcement.

We will be taking a short break over the Christmas/New Year period, and the last report of 2016 will be on Thursday 23 rd December. A limited daily service will be available from Tuesday, 3rd Jan 2017, and full service will resume on Monday 10 th Jan

We’d like to wish you and your families the very happiest of times for this period and look forward to working with you again during 2017.

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16 Dec:US$, bond yields climb on Fed rate outlook, with more to come in 2017. EU CPI today.

Following the buying spree after yesterday’s FOMC decision, the dollar and bond yields are both higher at the end of Thursday’s session today after another bunch of solid US economic data. The headline US CPI rose to 1.7% yy in November, while the Core CPI was unchanged at 2.1% yy, both in line with expectation. […]

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15 Dec: Fed hikes by 25 bp; projects 3 more in 2017. BOE, SNB meetings today. Australian jobs data coming up.

So, the FOMC have voted and unanimously elected to raise rates by 25 points, as expected, and although the Statement is not overly hawkish the dot plot of rate hikes was a surprise, suggesting 3 hikes in 2017 instead of the 2 that had previously been thought likely. The dollar spiked immediately higher on the […]

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14 Dec: Markets mostly on hold ahead of today’s FOMC result. DJI approaching 20,000!

Markets have been a little choppy on Tuesday but by the end of the session most products have traded pretty much sideways while awaiting the outcome of today’s FOMC Meeting. The main interest has been in the stock markets, which have again made a new all time high, with the DJI pulling up just 45 points […]

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13 Dec: US$ softer on pre-FOMC position squaring. China Retail Sales, German/UK CPI, ZEW in focus today.

The dollar has generally traded on a softer note against the other majors on Monday as markets prepare for the FOMC meeting on Wednesday. The Yen has also been weak, placed under some pressure by the surging oil price which gapped higher following the weekend agreement by non –OPEC countries to cut production. Elsewhere, US […]

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12 Dec: Euro under pressure post-ECB. Stocks at all time highs – again. FOMC this week’s focus.

The Euro remained under pressure heading into the weekend as traders continued to disseminate the outcome of last Thursday’s ECB Meeting, with Mario Draghi’s dovish comments that the ECB would be active in the market for a long time to come not helping the cause. Also placing pressure on the downside were the ECB’s projected […]

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9 Dec: Euro lower after ECB decision. Stocks at new highs – again. China CPI in focus today.

The Euro has been volatile on Thursday and is now broadly weaker against all the other majors after the ECB announced that it will extend its asset purchase program to December 2017, from the current expiry date of March. At the same time the size of programme will be tapered from EUR 80b a month […]

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8 Dec: US stocks soar to new all-time highs. Currency markets mostly steady ahead of today’s ECB meeting.

The dollar is mixed on Wednesday, with the Euro treading water ahead of the upcoming ECB Meeting. Sterling was the big mover of the day, falling sharply on worse than expected Manufacturing/Industrial Production data and not helped by the cautious outlook over Brexit, with the High Court Appeal still being heard. Stocks broke new ground,in heading to new-all time highs, overcoming a selloff

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7 Dec: US$, stocks firm but rangebound. WTI lower. markets looking towards ECB, tomorrow, FOMC next week.

It has been a relatively stable session on Tuesday with stocks and commodities both trading flat while the US$ has recovered mildly as traders cautiously wait on the ECB meeting on Thursday and then on the FOMC meeting, due next week. The ECB are expected to keep policy on hold although there is a chance […]

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