It has been another choppy, sideways session in the FX markets, while stocks are higher on the back of the latest positive trade-news headlines. More of the same looks likely today as further headlines are released, and a rather cautious stance is going to be required. The outcome of the US/China trade talks will be pivotal for all… Read More »
The US$ is mixed at the start of Thursday trade, while US stock indices are higher, with tech stocks leading the way in halting the 3 day losing streak after a report that China is open to a partial trade deal with the US, which once again underpinned risk sentiment ahead of the high-level trade negotiations that are… Read More »
It has been another choppy, sideways session in the FX markets, and given the empty calendar, there is not much inspiration to be found on the trend table today, so a generally cautious stance is required. Another range trade day looks most likely in the FX space, with Cable looking a bit heavy because of the never-ending Brexit… Read More »
It has been another choppy, sideways session in the FX markets although US stocks have lost about 1.5%/2.0% and the metals have gained 1.0%/1.5% as safe haven demand increases ahead of the upcoming US/China trade talks, where hopes of any significant progress is rather low and tensions remain high. There have been some central bank speakers as well.… Read More »
It has been a choppy, sideways start to the week and there is not much inspiration to be found on the trend table today, so a generally cautious stance is required. There is some Yen weakness to be seen in the short term momentum indicators and this may continue although that depends on some positive risk headlines, so… Read More »
It has been a choppy but mostly sideways start to the week, with US stocks ending Monday a little lower and the US$ generally fairly steady, although US$Jpy has seen a run higher and the Aud$ and Sterling are trading with a slightly heavy bias. The main news of the day was a report that China has told… Read More »
Stocks have recovered from their overnight lows after another sharp selloff and the short term momentum indicators now point higher, while the longer-term charts still look heavy. Selling rallies seems to be the plan – wait for the NFP to find out. As with the stockmarkets, US$ saw a sharp move lower in US$Jpy ahead of a partial… Read More »
It has been another volatile ride on Thursday, with stocks falling heavily after data showed that the US ISM services sector activity fell to a reading of 52.6 in September, the lowest since August 2016, from 56.4 in August, amid rising concerns about tariffs, suggesting that trade tensions are spilling over to the broader economy. The fall… Read More »
It has been a very rocky session for stocks, as the indices broke below support and moved down by around 1.5%, with the S+P coming within just 7 points of the 2865 target that we mentioned yesterday. More of the same seems possible today, as all time frames are aligned lower, so once again I prefer to trade… Read More »
The action on Wednesday was in the stock markets, where the US and European indices suffered their sharpest one-day declines in nearly six weeks after the release of the US-ADP employment and manufacturing data, which suggested that the ongoing tensions seen in the US/China trade war is further hurting the U.S. economy. On top of the 10 year… Read More »