2 May: Trend table outlook for FX, Commodities, Indices

The Statement from the FOMC Meeting and Powell’s Press Conference dampened any chance of a future rate cut and seems to have put a risk-off mood right across the board, with plenty of red on the heat map. The short term momentum indicators suggest that there could be more to come in the session ahead, although more likely,… Read More »

1 May: Trend table outlook for FX, Commodities, Indices

Tuesday saw the Euro make some gains after some decent EU data, while US stocks staged a late rally to reach all-time highs. Elsewhere most FX pairs, as well as the metals, were fairly stable, while WTI was choppy day but ended fairly flat. All eyes are now on the FOMC result, due late in the US session… Read More »

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

Monday has been a fairly quiet and rangebound session and as with yesterday, a generally cautious stance is possibly wise ahead of the FOMC Meeting, due early Thursday in Asia, although ahead of that today’s China PMIs and EU Q1 GDP may create some waves. In the meantime most of the FX pairs and Stocks are pretty much… Read More »

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

Friday’s US data has provided a mixed picture to start the week and a generally cautious stance is possible wise ahead of the FOMC Meeting, late Wednesday; early Thursday in Asia. The main interest once again lay in oil, where the market had obviously got itself long and now looks as though it may have put in a… Read More »

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

Ahead of today’s upcoming US GDP figure the US$ remains well underpinned although the strong US durable goods orders was unable to provide any real momentum and the DXY is off the new trend high of 98.32, currently at 98.16. Elsewhere, the markets have been mostly choppy/sideways on Thursday, although WTI reversed from its new trend high, seen… Read More »