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

  EURUSD: 1.1641 Preferred Strategy:  EurUsd has had very choppy Thursday, impacted by rumours of a delay to the US tax bill and by volatility in the bond market, but at the end of the day has finished just below session highs of 1.1650, still below the head/shoulder neckline. Some caution is warranted by those who are short… Read More »

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

It looks set to be a rather uninspiring session on Thursday after a fairly rangebound session and ahead of tomorrow’s US Veterans Day holiday. I don’t really see too much to trade from although the Yen crosses (EurJpy/AudJpy) may grind a little higher. The Kiwi looks the best bet although that may have already made its move following… Read More »

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

  EURUSD: 1.1596 Preferred Strategy:  EurUsd has had another tight session hugging 1.1600 and it could be the same again today although the China Oct inflation data could impact risk sentiment in Asia, while Trump headlines from China might create some waves. Otherwise there is little to drive markets again for the coming session. In the short term,… Read More »

8 Nov: Forecast: Stocks/ Commodities.

  S&P: 2583 Preferred Strategy: The S+P made a new high on Tuesday but then reversed to close a little lower, and from the look of the short-term momentum indicators are we may have a little more downside ahead, with a possible test of 2560/70 ahead. While a test of 2600 should not be ruled out, the longer-term… Read More »

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

  EURUSD: 1.1588 Preferred Strategy:  EurUsd has had another heavy session as it resumed the slow drift lower which commenced after the last ECB meeting. In the short term, the Euro has recovered from a low of 1.1553, and with the 1 and 4 hour momentum indicators looking mildly positive a squeeze back towards 1.1600+ would not really… Read More »