2-Mar-17: Trend table outlook for FX, Commodities, Indices

US Stocks continue to present the clearest details although I am wary of being involved at these levels. The currently markets are mixed and further choppy trade looks likely although speculation of a March US rate hike will most likely underpin the dollar against the other majors, while Sterling looks increasingly under pressure on all fronts due to… Read More »

2 Mar: Forecast: FX US$/Majors

  EURUSD: 1.0546 The Euro is more or less unchanged after a choppy session, confined to a range of 1.0513/88, in which it took out some minor support in the 1.0540/50 area but was unable to carry on to test the 1.0490/1.0500 area. This leaves the outlook unchanged. The momentum indicators remain pretty much neutral and a nimble… Read More »

2 Mar: Forecast: Stocks, Commodities

  S+P: 2394 Stock Markets liked the tone of Donald Trump’s words yesterday and have soared to new all time highs, with the S+P climbing to 2400. Banks stocks led the way today, liking the increasing idea of a March rate hike; although at these levels you would have thought that much of the “good news” is now… Read More »

1 Mar: Forecast: Stocks, Commodities

  S+P: 2362 Retail and Technology stocks eased back a little on Tuesday ahead of today’s Donald Trump address that everyone is waiting for, taking the S+P a little lower but with little damage done, and leaving the outlook unchanged. Technically, the dailies still point higher – although they may now be in the process of rolling over… Read More »

1 Mar: Forecast: FX US$/Majors

  EURUSD: 1.0596 The Euro has traded in choppy fashion today, again reaching the resistance seen near 1.0630 before falling back to sit back below, leaving the outlook unchanged and rather neutral ahead of Donald Trump’s speech to Congress later in the session. A failure to live up to market expectations could see a nasty selloff in the… Read More »

1-Mar-17: Trend table outlook for FX, Commodities, Indices

A cautious stance required ahead of Donald Trump’s address to Congress. US$Jpy looks bid in the near term but it has already rallied 100 pips from the day’s low. Stocks look a little heavy and if Donald Trump fails to please the markets, they could have a nasty accident but I would not wish to be short ahead… Read More »

28 Feb: Markets mixed, waiting on Trumps address to Congress, tomorrow.

   There has been plenty going on today, with the dollar again seeing mixed results as traders remain cautious ahead of the highly anticipated address to Congress by US president Donald Trump, due tomorrow. In terms of data, the US Durable Goods Orders grew 1.8% in January, below expectations of 1.9% while Ex-transport orders dropped -0.2% versus expectation… Read More »

28 Feb: Forecast: Stocks, Commodities

  S+P: 2368 Another day, another all time high on hopes of a major announcement to come tomorrow, from Donald Trump. Technically, the dailies still point higher, so the ongoing drift to new all time highs could well continue this week as we head slowly towards 2400. On the downside, support will be seen at today’s session low… Read More »