17-Feb-17: Trend table outlook for FX, Commodities, Indices

Further short term US$ weakness seems to lie ahead although in the absence of any data it may end up being a choppy session without doing too much. As we thought yesterday, although the Aud did make new trend highs, it has since been unable to carry on and now looks a little heavy ahead of the Friday… Read More »

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

The US$ seems to be under some short term pressure, so for the next few hours, at least, trading from the short side is preferred, although the dailies are still dollar supportive so buying dips also seems a plan. US stocks seem on a one way ride to the moon, so best left alone ahead of any nasty… Read More »

15-Feb-17: Trend table outlook for FX, Commodities, Indices

The US$ looks set to remain underpinned against the majors, with the Yen looking as though it will remain under particular pressure, and with AudJpy also looking to have legs. EurJpy looks less sure given the heavy tone of the Euro itself. Elsewhere, US stocks seem to know no top, but as I said before I prefer to… Read More »

14-Feb-17: Trend table outlook for FX, Commodities, Indices

There seem to be a few short term opportunities around today, with the US$ seemingly underpinned against the Euro, Chf and also the Aud, although that remains within its recent range. The crosses seem to hint at Sterling having some legs against both the Euro and the Aud, while AudNzd seems to have some short term downside within… Read More »

Where next for the Dollar Index (DXY)?

  The DXY has recovered from the 2nd Feb low of 99.23 to currently sit at 100.85, and from the look of the daily charts it could be building the momentum for a run back above 101.00, where the next significant resistance levels would be at 102.05 (61.8% of 103.83/99.23), at the 11 Jan high (102.95) and at… Read More »