3 Sept: Trend table outlook for FX, Commodities, Indices

Given the US holiday it has been a fairly rangebound session although Sterling headed lower and looks heavy heading into Tuesday trade. Otherwise there is little to go on today and it may be that we see mostly sideways trade although RBA Meeting may produce some action for the Aud$. Elsewhere in the FX markets, UsdCnh looks bid… Read More »

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

Friday saw a selloff in the Euro, which appears to have further downside early in the coming week both against the US$ and also on the crosses, so I prefer to stay short.  Elsewhere in the FX markets, the Aud$ and the Kiwi may have put in a near term base ahead of tomorrow’s RBA meeting/Wednesday’s Q2 GDP… Read More »

30 Aug: Easing trade tensions underpin both the US$/stocks. EU CPI in focus today

Both the US$ and stocks rallied on Thursday, underpinned by indications that China has expressed hope on trade negotiations, easing concerns that rising tensions could stoke a recession after a Chinese official confirmed that China is working with the US to schedule talks in September. A Chinese ministry spokesperson said that the discussions should focus on preventing an… Read More »

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

Both the US$ and stocks are firm today as trade tensions ease and this looks as though it could continue into the weekend although any headline suggesting otherwise would see a quick reversal in risk sentiment. The EU CPI will be the main event of the day and if it fails to match expectations- as with the German… Read More »

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

The FX markets have been mostly steady on Wednesday, with the exception of Sterling which gyrated on the latest Brexit news, but ended the day in mid-range. The heat map is not showing a great deal of directional bias today although the Australian CAPEX figures may provide some interest in the Aud$, which still looks heavy, and then… Read More »

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

The FX markets have been mostly steady on Tuesday although Sterling squeezed higher and looks as though it may have further upside ahead of it, as per the momentum indicators on the daily EurGbp and Gbp Aud charts below. The main interest of the day was in the metals, where Silver made a new 2 year high ad… Read More »