12 Apr: Trend table outlook for FX, Commodities, Indices

The US$ is generally firmer today although the ranges are limited and there is no real change in the outlook for most pairs. The most interesting moves have been in Gold and Silver, where the possibility of a head/shoulder top remains in place with good potential downside momentum for both.  If the neckline for each of these were… Read More »

11 Apr: Trend table outlook for FX, Commodities, Indices

The FX Markets have remained mixed following a day of heavy duty data although it produced little new direction and the only real directional bias in the charts seems to come from a firmer AUD$ and a slightly softer Chf. EurUsd has been stuck in a 1.1229-86 range, and the Head/Shoulder base still appears to be valid, despite… Read More »

10 Apr: Trend table outlook for FX, Commodities, Indices

The FX Markets remain mostly rangebound ahead of the heavy duty calendar coming up today, but the dovish IMF report predicting lower growth output for 2019 seems to have put a dent into risk sentiment, sending stocks and oil a little lower. EurUsd reached 1.1283 on Tuesday, and the Head/Shoulder base has a target of 1.1325 but needs… Read More »

9 Apr: Trend table outlook for FX, Commodities, Indices

Monday has got off to a mostly rangebound start, although EurUsd has made some gains in taking out last week’s high,  reaching 1.1273, and has put in a Head/Shoulder base which now has a target of 1.1325. Interim resistance is seen at 1.1285 (38.2% of 1.1447/1.1182) and at 1.1315 (50% pivot of 1.1447/1.1182). Beyond 1.1325 would look towards… Read More »

8 Apr: Trend table outlook for FX, Commodities, Indices

The US Unemployment data provided very little directionally in any of the markets and there is not an awful lot to go on at the start of the week. We therefore look likely to be fairly rangebound, possibly until the ECB Meeting on Wednesday. In the FX space, there is very little directional bias although the Kiwi does… Read More »