Category Archives: Uncategorized

20 April: Carney sends Cable into a tailspin. US$/Yields firm, stocks lower. Japan CPI today. Otherwise quiet calendar.

  It has been a hectic day in the markets, with something for everyone. US stocks fell for the first time in four days, by around 0.5%, as technology shares came under pressure from trade and earnings concerns, while also under pressure from higher rates as Treasuries hit the lowest since February amid inflation worries. US 10 year… Read More »

20 Nov: Weekly outlook for the US$ index (DXY).

The Dollar Index appears to be in the process of breaking down, at least for the coming week, with the head/shoulder neckline now negated and the momentum indicators hinting at lower levels ahead. Currently at 93.65, we are sitting right on the 200 DMA and this may act as near term support above Friday’s low of 93.51.  Below… Read More »

20 Nov: Forecast: Stocks/ Commodities.

  S&P: 2577 Preferred Strategy: US Stocks traded a little lower on Friday, with the S+P falling 10 points to 2575, but leaving the outlook unchanged. More choppy trade looks possibly on Monday and the 2555/65 area continues to provide decent support although given the building negative look of the longer term momentum indicators, I think we may… Read More »

20 Nov: Forecast: FX: US$/Majors + trade ideas

  EURUSD: 1.1797 Preferred Strategy:  EurUsd had a range of 1.1764/1820 on Friday, ending in the middle, and looking to maintain a fairly neutral stance on Monday. With a fairly limited calendar this week it looks as though it will be politics and risk sentiment that will guide the action, although the FOMC Minutes may provide something directional… Read More »

17 Nov: Forecast: Stocks/ Commodities.

  S&P: 2586 Preferred Strategy: US Stocks headed higher following the tax bill vote with the S+P now back at 2587, just below the all-time high of 2594. The 2555/65 support area continues to hold and has today allowed a decent bounce, with the 4 hour charts looking positive. As we said before, while a test of 2600… Read More »

17 Nov: Forecast: FX: US$/Majors + trade ideas

  EURUSD: 1.1765 Preferred Strategy:  EurUsd had a quiet session on Thursday in drifting from 1.1800 to 1.1855, and is sitting near the bottom end of the range following the US HoR vote on tax reform. At the end of the session, the short term momentum indicators look a little heavy and we might see a further decline… Read More »