30 Nov: Trend table outlook for FX, Commodities, Indices

Markets have been choppy but generally without too much directional bias on Thursday, with the FOMC Minutes having little overall reaction, and with traders now mostly likely to sit on their hands while awaiting the upcoming G20 Meeting, and the Trump/Xi meeting in particular. The FX markets look mixed and probably best left alone although on the crosses,… Read More »

29 Nov: Trend table outlook for FX, Commodities, Indices

A sharp selloff in the US$, coupled with an equally  sharp spike in stocks following on from the Fed Chair, Powell’s dovish outlook, has ensured that some caution is required heading towards the FOMC Minutes, due later today. In the FX space, the Euro, Aud and Kiwi all look set for further short term gains. US$Jpy looks a… Read More »

28 Nov: Trend table outlook for FX, Commodities, Indices

The markets are rather mixed on Wednesday with the US$ generally higher and with Sterling and the Euro leading the way lower. The Jpy remains weak, underpinning the crosses, with NzdJpy looking well bid right now. As far as the dollar is concerned, further upside looks possible and if the DXY breaks good resistance at 97.70 (currently 97.35)… Read More »

27 Nov: Trend table outlook for FX, Commodities, Indices

Risk sentiment improved on Monday after news that Italy is finally showing some flexibility to adjust its 2019 budget deficit target.  US stock markets gained by about 1.5% and the action once again looks set to revolve around these on Tuesday, with the charts suggesting further short term gains. Further out, with the weeklies retaining a negative outlook,… Read More »