15 May: Forecast: FX: US$/Majors + trade ideas

    EURUSD: 1.1927 EurUsd is back at 1.1935; pretty much where it began the day after a range bound session. Today will be a busy one with regards the calendar,  with the focus to be on  the German/EU Preliminary Q1 GDP (exp +0.4% qq both for German/EU), the ZEW and the  US Retail Sales (exp RS-Ex Auto… Read More »

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

Stocks are mixed, ending the day around their opening levels, while the US$ has is mildly firmer, grinding higher through a quiet Monday session, with the ongoing meltdown in Emerging Markets, particularly the ARS and TRY in focus and infecting the  rest of the EM FX and high-beta sector, with the MXN, BRL and the Kiwi under pressure… Read More »

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

Friday was a choppy but mostly uneventful session, with stocks up marginally (0.2%/0.3%) and the US$ still under some mild downside pressure but closing pretty near the levels where it started the week against most pairs. WTI settled lower, but remains above 70.00 pb after posting a weekly gain as sentiment remained positive despite signs of an increase… Read More »

14 May: Forecast: FX: US$/Majors + trade ideas

    EURUSD: 1.1939 The US$ remained under some downside pressure on Friday, with the Euro reaching a high of 1.1967 after US import prices missed on the downside, before settling at 1.1940, near the 200 HMA. The EU/German Q1 GDP, May ZEW and the US Apr Retail Sales are early week data risks 1 hour/4 hour indicators:… Read More »

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

The US$ has run out of steam – at least for the time being – after the under-performance of the US inflation data.  The momentum indicators look somewhat mixed on Friday, and in the absence of any major data today it would seem set to be a day of consolidation. Buying into US$ weakness does still seem to… Read More »

10 May: Trend table outlook for FX, Commodities, Indices

The US$ has eased back a little today, while stocks are higher (DJI/S+P + 0.8%/0.9%) after some slightly softer data, easing concerns over a high US CPI figure later in the coming session, but also driven higher by the energy sector which was underpinned by the US decision to exit the Iran nuclear deal. The US PPI rose… Read More »