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

The US$ did suffer a minor setback following the soft NFP reading on Friday, but while the daily DXY charts still point higher I still prefer to buy it on dips against most of the majors for the medium term trade , albeit that in the short term the Euro, Aud and Kiwi may be able to move… Read More »

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

It has been the turn of the Euro to lead the way on Thursday following the ECB’s decision to go into full on dovish mode by substantially downgrading the 2019/20 economic growth outlook, while also announcing that a new round of TLTRO is set to commence, quarterly from September 2019 through March 2021, aimed at preserving favourable bank… Read More »

7 Mar: Trend table outlook for FX, Commodities, Indices

The Aud$ has been the centre of attraction again on Wednesday and it seems that this could continue again today, looking weak against both the US$ and also on the crosses against the Euro and also Gbp. Trading the Aud from the short side is favoured and I think it is possible that we could be headed towards… Read More »

6 Mar: Trend table outlook for FX, Commodities, Indices

The US$ is again firm at the start of Wednesday trade and, in the short term at least, it appears set to remain that way against the Eur and the Chf although the other currencies look a little less certain. With the daily DXY charts turning higher, buying dips in the dollar is preferred and I suspect that… Read More »

5 Mar: Trend table outlook for FX, Commodities, Indices

The US$ is firmer at the start of Tuesday trade and in the short term at least it appears set to remain that way against the EU majors, but at the same time it looks a little toppish against the Jpy. The Aud looks heavy to me still although it has had a choppy/rangebound session against the US$,… Read More »

4 Mar: Trend table outlook for FX, Commodities, Indices

There seems to be plenty of opportunity at the start of the week and, as with last week, selling the commodity currencies and the metals still seems to be the way to go. The Aud in particular looks very heavy and a more sustained test of 0.7000 may lie ahead. Note that the Aud$/Usd is resting on the… Read More »