11 Dec: Forecast: Stocks/ Commodities.

  S&P: 2651 The S&P is turned higher on Friday, and with the momentum indicators now generally aligned to the topside, another run towards the all-time high at 2664 may be on the cards. 1 hour/4 hour indicators: Up Daily Indicators: Turning higher Weekly Indicators:  Up Preferred Strategy:  Despite the increasing risks of staying long, the long term… Read More »

11 Dec: Forecast: FX: US$/Majors + trade ideas

Friday’s NFP report showed 228k growth in jobs in November, above expectation of 200k, while the previous month’s figure was revised down to 244k from 261k. The headline unemployment rate was unchanged at 4.1%, as expected, but the main focus was on the average hourly earnings, which only rose 0.2% mm, below expectation of 0.3% mm, causing a… Read More »

8 Dec: Trend table outlook for FX, Commodities, Indices.

The US$ seems to be picking up speed to head higher on all fronts, with the exception of Cable, and staying long into the NFP would seem to be the way forward. Sterling has a mind of its own and will be entirely dependent on Brexit headlines, but again, I prefer to be long – preferably against the… Read More »

8 Dec: Forecast: FX: US$/Majors + trade ideas

  EURUSD: 1.1773 €/Usd is lower at the ends of Thursday’s session as the dollar remains strong amid optimism that the U.S. tax reform bill will pass by the end of the year. Finishing near the lows of 1.7770, we will now await the release of the NFP later today. The Euro also looks set to stay under… Read More »

7 Dec: Trend table outlook for FX, Commodities, Indices.

A fairly mixed outlook today, although short term US$ strength looks to be in order (against Eur, Chf Aud) but I would not be getting too carried away ahead of Friday’s US jobs data.  Elsewhere the clearest signals appear to be in oil, where WTI looks increasingly heavy. Keep an eye on Gold, which is doing nothing and… Read More »

7 Dec: Forecast: Stocks/ Commodities.

  S&P: 2629 The S&P is pretty much unchanged again today after having recovered from a dip to 2620 1 hour/4 hour indicators: Neutral Daily Indicators: Up – Possible topping formation. Weekly Indicators:  Up Preferred Strategy:  Despite the increasing risks of staying long, the long term uptrend currently remains intact although the short term momentum indicators and the… Read More »

7 Dec: Forecast: FX: US$/Majors + trade ideas

  EURUSD: 1.1792 €/Usd is a little lower having traded a 1.1780/1.1847 range and is currently sitting right on the 100 DMA which may act as a magnate today although the short term momentum indicators hint at lower levels ahead. 1 hour/4 hour indicators: Turning lower Daily Indicators: Possible topping formation Weekly Indicators:  Neutral Preferred Strategy:  The short… Read More »

6 Dec: Trend table outlook for FX, Commodities, Indices.

The US$ looks to be picking up a little speed today, although ahead of Friday’s US jobs data it may not move too far from the current levels. I prefer to be long dollars against the Euro and the Chf and like to sell the Aud$ into strength. On the crosses, Sterling looks set to head higher in… Read More »