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

  EURUSD: 1.2451 EurUsd has had a wild ride on Wednesday, falling to 1.2275 after the stronger US CPI, before reversing sharply to reach a high of 1.2445, roughly where it is finishing the session.  Why the violent reversal? No idea. Perhaps the Retail Sales miss was to blame? There will be plenty more US data again today,… Read More »

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

  EURUSD: 1.2356 EurUsd has squeezed slowly higher on Tuesday, reaching 1.2370 and closing near the highs, with the Euro seeing some demand through the crosses as well, while waiting on today’s upcoming German/US CPI figures. 1 hour/4 hour indicators: Mixed. Turning higher? Daily Indicators: Turning lower Weekly Indicators:  Turning higher? Preferred Strategy:  The Euro has reached 1.2370,… Read More »

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

It all looks a bit thin as far as trading ideas goes today although selling near term rallies in US$Jpy may be a plan given the look of the medium/longer term momentum indicators. *Trade of the day: 2/14/2018 6:41 AM (AET) *This is a personal opinion only, based on the look of the table below, and carries no… Read More »

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

The currency markets look rather mixed in the short-term and another tight session would not really surprise in the absence of any major data, although Sterling might be whippy after the release of the CPI figure. in the longer term though, the US$ still looks underpinned against the other majors and buying dips is preferred. In the crosses,… Read More »

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

  EURUSD: 1.2288 EurUsd has been choppy on Monday and the action lay elsewhere – in the stock markets -, with the pair closing not too far from where it spent much of the session, after a range of 1.2235/1.2896, leaving the overall outlook unchanged. 1 hour/4 hour indicators: Mixed. Turning higher? Daily Indicators: Turning lower Weekly Indicators:… Read More »

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

    S&P: 2621 Preferred Strategy:  The S+P fell sharply again on Friday, to make a double bottom at 2530 ahead of a solid bounce, to finish the week at 2620, having reached a late session high of 2637. 1 hour/4 hour indicators: Turning lower Daily Indicators: Down Weekly Indicators:    Turning lower Preferred Strategy:  The long awaited correction… Read More »

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

  EURUSD: 1.2251 EurUsd was whippy on Friday but the action lay elsewhere and the pair closed not too far from the opening levels after a range of 1.2205/1.2886, leaving the overall outlook unchanged. 1 hour/4 hour indicators: Turning lower Daily Indicators: Turning lower Weekly Indicators:  Turning higher Preferred Strategy:  With the momentum indicators generally pointing lower, further… Read More »