What’s happening at FX Charts

Welcome to the new FX Charts This site will be ready for use in January 1. This is the new FX Charts. We’ve made a few changes and we want your feedback to help us continue to make improvements. The site has a new cleaner look and feel. We’ve taken away the clutter to concentrate on the information.… Read More »

24 Dec: US$, stocks rangebound against Europeans, firmer against commodity bloc currencies.

The US$ has been mixed again on Thursday, rangebound against the EU majors (although firm gains Cable), while remaining firm against the commodity bloc currencies. In terms of data the US initial jobless claims rose to 274k above expectation of 255k while the Durable Goods Orders fell by -4.6% mm in November, slightly better than expectation of -4.7%. The Q3 GDP was finalised at 3.5% annualised (exp 3.3%) while the GDP price index at 1.4%, as expected. Oil was higher, after an early dip, on the back of the solid US data, while the metals were heavy due to the prospects of a higher dollar.
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This is the last, and limited, update until 3 January when we will be operating on a reduced service until Monday 9 Jan. From 3 Jan though, we will be on a new web address, www.fxcharts.net with a revamped website and plenty of new ideas to assist you with your trading. Until then, have a safe and happy Christmas.

The post 24 Dec: US$, stocks rangebound against Europeans, firmer against commodity bloc currencies. appeared first on FX Charts Daily.

22 Dec: Markets trading sideways ahead of a busy US data schedule.

Stock markets have traded sideways and the US$ is mixed on Wednesday, giving back some of the recent gains against the EU majors as traders took profits ahead of Christmas, while firmer against the commodity bloc, which remain heavy, near trend lows. Metals have also traded sideways while WTI is a little lower after U.S. […]

The post 22 Dec: Markets trading sideways ahead of a busy US data schedule. appeared first on FX Charts Daily.

22-Dec: Trend table outlook for FX, Commodities,Indices

It has been a sideways session with diminishing interest as we head towards the holiday. More of the same looks likely, at least until the US session when a heavy data schedule could produce some volatility. Given the timing, staying square or positioning for the holiday period would seem to be the plan. This will be the last… Read More »

21 Dec: US$ firm, with the Euro falling to a 14 year low. Stocks close to all time highs.

The US$ remains firm on Wednesday, underpinned by safe haven flows after the probable terrorist attack in Germany and in a nervous reaction to the assassination  of the Russian ambassador to Turkey. The dollar also continued to be supported by the upbeat comments from Janet Yellen at the end of the previous session on the […]

The post 21 Dec: US$ firm, with the Euro falling to a 14 year low. Stocks close to all time highs. appeared first on FX Charts Daily.

21-Dec: Trend table outlook for FX, Commodities,Indices

After a session of general consolidation, as we head towards the Christmas break, the theme still seems to be one of an expectation of medium term dollar strength. This applies particularly to the trends seen against the Euro, Chf, Aud and Nzd. However in the short term, the charts do hint that we could see a possible squeeze… Read More »

20-Dec-16: Trend table outlook for FX, Commodities,Indices

As we approach the holiday the markets have become choppy, and with little data due today (BOJ Interest Rate Decision/RBA Minutes being the exceptions) it may be another rangebound session ahead, with the main theme being one of ongoing US$ strength. Elsewhere, the Aud and the Kiwi both look weak and further declines seem possible. Stocks may be… Read More »

20-Dec-16: Trend table outlook for FX, Commodities,Indices

As we approach the holiday the markets have become choppy, and with little data due today (BOJ Interest Rate Decision/RBA Minutes being the exceptions) it may be another rangebound session ahead, with the main theme being one of ongoing US$ strength. Elsewhere, the Aud and the Kiwi both look weak and further declines seem possible. Stocks may be… Read More »

20 Dec: Yellen underpins the dollar with upbeat comments of jobs/wages growth. BOJ today.

Markets have been mixed and have traded mostly sideways on Monday, with the US$ picking up a little ground late in the session after Janet Yellen said, at a university graduation speech, that she sees a strong job market and wage growth picking up a little in coming months. Otherwise it was generally fairly quiet, […]

The post 20 Dec: Yellen underpins the dollar with upbeat comments of jobs/wages growth. BOJ today. appeared first on FX Charts Daily.

19-Dec-16: Trend table outlook for FX, Commodities,Indices

Markets look a bit mixed on Monday although the medium term US$ strength looks set to continue in the days/weeks ahead. The shorter term indicators though do suggest some consolidation and the chance of a minor bounce in the counterpart currencies, in which case this might prove to be a new US$ buying opportunity. The Aud and the… Read More »