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

The US$ seems set to continue its rise against the EU majors and the commodity bloc currencies so tradin from the long side is preferred. Oil also looks good while stocks and the metals seem set to remain pressured by the prospect of the stronger dollar. The crosses are probably best left alone right now as there is… Read More »

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

It has been a fairly benign session although WTI took a swift move higher following the inventory data release and looks as though it could continue to squeeze back towards the 72.80 trend high. In the currency markets, the US$ could see further short term strength against the EU majors although the medium term charts suggest that there… Read More »

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

A fair bit of blue on the heat map leans towards the indecisive nature of the markets while the trade concerns remain in focus. Stock markets do look increasingly heavy though and selling rallies in the US indices, trading from the short side still seems to be the way to go. The same may apply to the ASX… Read More »

25 June: Trend table outlook for FX, Commodities, Indices

The US$ ended the week under some mild downside pressure and it looks as though this could continue early in the coming week, particularly against the Euro which looks relatively firm, with the dailies suggesting some bullish divergence, with a test of 1.1700 now looking possible. Further out though, the weeklies still look heavy so longer-term traders may… Read More »

20 June: Trend table outlook for FX, Commodities, Indices

US$ strength seems set to remain the main theme in coming sessions, with the Aud and the Kiwi looking particularly vulnerable, although the short term bullish divergence seen on the hourly charts may provide a better level in which to get short of each currency. The Yen and the Chf also look a little better bid today and… Read More »

19 June: Trend table outlook for FX, Commodities, Indices

While the overall view of a stronger US$ in the days ahead remains unchanged, I suspect we are on for some consolidation, and maybe a downside bias for the coming session in order to allow the short-term momentum indicators the chance to unwind. If so, buying dollars on dips is preferred. Elsewhere, the ASX looks set to remain… Read More »