24-Jan-17: Trend table outlook for FX, Commodities, Indices

The dollar still looks to remain under pressure although the short-term charts do hint that there may be better slightly levels to sell it than the current NY close. Cable in particular looks healthy, and it would seem that it is also going to benefit on the cross, where EurGbp may be in the process of forming a… Read More »

US$/Majors – A longer term technical outlook.

Given that Donald Trump now has the reins in the White House, I thought it might be an idea to look at some possible “bigger picture” trades for the US$, which may be worth watching. Over coming days we will look at the crosses and then at the stock and commodity markets. Starting with the Dollar Index (DXY). Currently… Read More »

23-Jan-17: Trend table outlook for FX, Commodities, Indices

  The dollar looks as though it may stay under some pressure in comings sessions with the momentum indicators seemingly higher to take the counterparts a bit higher. This appears most clearly in the EU majors where the Euro, Chf and Sterling all appear to have some positive momentum. The Yen, Aud and Kiwi look less clear. The… Read More »

20 Jan: Markets mixed, nervous ahead of Trump’s inauguration.

   The dollar is mixed on Thursday, mostly underpinned after another set of firm US data before a late selloff that sees it back towards its opening levels. Earlier in the day, the ECB had kept monetary policy unchanged, leaving the refinancing rate at 0.00% and the deposit rate at -0.4%, as was widely expected. There was also… Read More »

20-Jan-17: Trend table outlook for FX, Commodities, Indices

There really is not a lot to go on today, and we are clutching at straws in looking for inspiration ahead of the Trump inauguration. It may be a session for the day traders, looking to make a few pips here and there but the charts are all rather mixed, suggesting a cautious stance is required heading into… Read More »

19 Jan: US$ higher after upbeat Yellen comments. ECB ahead today.

  The dollar managed to halt its decline and regained a little ground today, especially late in the session when it accelerated higher following some upbeat comments from Janet Yellen, who said that with the US at near to full employment and inflation approaching the required targets, we can expect further rate hikes in coming months but the… Read More »

19-Jan-17: Trend table outlook for FX, Commodities, Indices

The late session rally in the dollar following the comments from Janet Yellen has ensured that all the short-term momentum indicators are now pointing towards further dollar strength in what looks likely to be a volatile run in to Donald Trump’s inauguration on Friday. At the same time, the longer-term chart still hint at potential further weakness in… Read More »

18-Jan-17: Trend table outlook for FX, Commodities, Indices

It is beginning to look as though the US$ may be in for a tough few sessions, with most of the major counterparts picking up steam. The dollar’s weakness appears to be flowing through to the metals, where Gold and Silver both appear to have the legs for further gains. Yen, and possibly even Sterling strength could lie… Read More »