20 Feb: Trend table outlook for FX, Commodities, Indices.

There really is not an awful lot to trade from today following the US holiday, in what has been a mostly choppy, sideways session and with little data to come on Tuesday, aside from the German/EU ZEW Economic Sentiment Survey, it could be a similar story today, so a fairly nimble stance seems to be in order. I… Read More »

19 Feb: Forecast: Commodities/Stock Indices + trade ideas

  S&P: 2736 Preferred Strategy:  The S+P had a good week and made another recovery high in the wake of the previous week’s selloff, reaching 2754, before giving back a few of the day’s gains to finish the week at 2735 1 hour/4 hour indicators: Neutral Daily Indicators: Turning higher Weekly Indicators:    Turning lower Preferred Strategy:  The charts… Read More »

19 Feb: Forecast: FX: US$/Majors + trade ideas

  EURUSD: 1.2410   EurUsd reached as high as 1.2455 in Asia (100 MMA) on Friday but then reversed through the rest of the session, and in closing near 1.2400 it made a bearish key-day reversal. The Euro looks heavy but today’s China/US holidays will diminish interest and it may be fairly quiet. 1 hour/4 hour indicators: Turning… Read More »

19 Feb: Trend table outlook for FX, Commodities, Indices.

The dollar eventually turned up from its lows on Friday, with the DXY ending up by around 0.6%, and in the short term it appears that the dollar could make further minor gains, although in the absence of the US today, and any major data, it could end up being a quiet session. Buying dollar dips does look… Read More »

16 Feb: Forecast: FX: US$/Majors + trade ideas

  EURUSD: 1.2504 EurUsd has spent most of the session in a choppy 50 point range and is finishing the day at the highs of 1.2510, and appear set to take on the 2018 high of 1.2538. The dollar remains under heavy pressure following the mixed US data and it looks set to find little reprieve heading into… Read More »

16 Feb: Trend table outlook for FX, Commodities, Indices.

It is not a pretty picture for the US$ heading into Friday, ant looks set to remain under pressure on all fronts, so selling into any near term strength, if we see any, seems to be the plan. At the same time, stocks look increasingly constructive, and the commodities also appear to be set to take advantage of… Read More »

15 Feb: Trend table outlook for FX, Commodities, Indices.

Markets are obviously not worried about the likelihood of higher interest rates in the US following today’s CPI release, with stocks and commodities all looking pretty positive . On the other hand, the dollar looks as though it is set to come under further near term pressure, and trading it from the short side seems to be the… Read More »