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

Following the mostly choppy, but rather directionless Friday session, and ahead of today’s US holiday, the shorter-term charts generally suggest another choppy but neutral session on Monday. This would possibly suggest a good day for those who like to play the trading range rather looking for a trend to jump on as the table is providing no short-term… Read More »

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

The US$ still seems to be in “sell the rally” mode, while Sterling weakness seems broad based both against the dollar and on the crosses. Stocks are neutral while commodities are looking mixed so a cautious stance is required.   EURUSD USDJPY GBPUSD USDCHF AUDUSD NZDUSD 1 Hour Turning Lower Turning Higher Down Turning Higher Turning Lower Turning… Read More »

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

The commodity bloc seems to have some short-term upside momentum that could possibly carry the Aud and Kiwi to higher levels although selling into strength remains favoured for the longer term downtrend. WTI nicely held the neckline of the H/S formation today and has rallied 3%. Further short term gains seem possible. Yen strength looks set to continue,… Read More »

11 Jan: Markets steady ahead of Trump News Conference, later today

  It has been a reasonably steady session, with some early US$ weakness which has since been largely recovered, to leave most pairs pretty much where they were this time yesterday. Stocks are slightly stronger following a decent day for commodities although oil remains under some pressure. There is little data due today that is likely to move… Read More »

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

The table is not giving much of a clue today after a choppy but mostly sideways session although we may see some Yen strength and the same in Cable, suggesting shorts in both EurYen and EurGbp may be worth looking at. WTI still looks heavy, but hat aside we may be in for another sideways session, at least… Read More »

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

Things still look mostly rather mixed and a cautious stance is required. The US$ looks a little heavy against the EU majors, the Yen and the commodity bloc, while Sterling also appears to be gathering increased downside momentum. If the dollar does lose some ground, the metals may make further gains although WTI does appear to be under… Read More »