28 Apr: Forecast: FX: US$/Majors

  EURUSD: 1.0873 The Euro is a little lower today after trading a range of 1.0851/1.0932, capped by Mario Draghi’s slightly dovish outlook for the EU after the ECB left rates unchanged. Technically, there is little change to the outlook, with the initial resistance now seen at 1.0900 and 1.0930, which comes ahead of the stronger level at… Read More »

27-Apr-17: Trend table outlook for FX, Commodities, Indices

                         The US$ looks set to remain under medium term pressure against the EU majors although the short term looks a little cloudy, ahead of what could be a choppy session (BOJ, ECB – no change expected in either case) . The Aud and Kiwi also look to remain pressured to the downside against both the US$ and… Read More »

27 Apr: Forecast: FX: US$/Majors

  EURUSD: 1.0904 The Euro was again capped at 1.0950 on Wednesday, allowing the 4 hour charts to turn lower from overbought extremes as the dollar regained some of its recent lost ground. The Euro has traded to a low of 1.0855 ahead of a bounce, to currently sit in the middle of the day’s range at 1.0900.… Read More »

27 Apr: Forecast: Stock Indices, Commodities

  S&P: 2381 The S+P headed to a new trend high of 2394 on Wednesday, 6 points from the all-tim high, but has been choppy by the end of the session and is closing more or less unchanged from yesterday, currently at 2383, leaving the outlook unchanged. The hourly momentum indicators are showing some minor bearish divergence while… Read More »

26 Apr: Forecast: Stock Indices, Commodities

S&P: 2383 US stocks are up by around 1%-1.5% today, with the S+P trading up to 2388, just 12 points below the all-time high. The short term momentum indicators are positive but overbought, while the dailies remain neutral, so I would not be getting too carried away in either direction right now. Continue to trade the range while… Read More »

26 Apr: Forecast: FX: US$/Majors

EURUSD: 1.0925 The Euro has had a strong session in reaching 1.0949, and looks as though it could head higher still over the next few sessions although the 4 hour charts are now approaching overbought extremes, so some caution is warranted on the topside, particularly in view of Donald Trump’s impending tax announcement, which could see renewed strength… Read More »

26-Apr-17: Trend table outlook for FX, Commodities, Indices

                         Euro strength and Yen weakness appears to be the main game in town right now and buying the cross is probably the best result although the hourly charts are showing some bearish divergence and suggest that there may be better than current levels to buy it, for those who want to get long.  Elsewhere it all looks… Read More »