6 Dec: Forecast: Stocks/ Commodities.

  S&P: 2628 The S&P has rejected an early squeeze up to 2648 and is closing on its lows at 2627 weighed down by Tech Stocks 1 hour/4 hour indicators: Turning lower? Daily Indicators: Up – Possible topping formation. Weekly Indicators:  Up Preferred Strategy:  Despite the increasing risks of staying long, the long term uptrend currently remains intact… Read More »

6 Dec: Forecast: FX: US$/Majors + trade ideas

  EURUSD: 1.1825 €/Usd is a bit lower today, with the dollar buoyed by enthusiasm for the US tax bill being passed. The pair is currently sitting just above the 100 DMA which may provide support today although the short term momentum indicators hint at lower levels ahead. 1 hour/4 hour indicators: Turning lower Daily Indicators: Possible topping… Read More »

5 Dec: Forecast: Stocks/ Commodities.

  S&P: 2638 The S&P gapped higher on Monday’s open, making a new all-time high before reversing lower to finish at around 2640. 1 hour/4 hour indicators: Turning lower? Daily Indicators: Up Weekly Indicators:  Up Preferred Strategy:  The shorter term indicators are pointing lower and a move towards 2600 would not now surprise. Further out, despite the increasing… Read More »

5 Dec: Trend table outlook for FX, Commodities, Indices.

After a day of consolidation it may be a similar session ahead as we approach Friday’s NFP reading. The Aud could be busy given the heavy data schedule although there is little clue in the charts as to any possible direction against the dollar.  The medium term uptrend of both GbpAud and Eur Aud looks as though it… Read More »

5 Dec: Forecast: FX: US$/Majors + trade ideas

  EURUSD: 1.1852 After gapping lower at the open, €/Usd had a choppy session in a tight range, with more of the same looking likely. The PMIs will be the major focus today. 1 hour/4 hour indicators: Neutral Daily Indicators: Possible topping formation Weekly Indicators:  Neutral Preferred Strategy:  The short term momentum indicators look pretty neutral and another… Read More »

4 Dec: Forecast: Stocks/ Commodities.

    S&P: 2643 The S&P had a wild ride on Friday (2604/50), but recovered from the spike low to finish not too far from the all-time highs. 1 hour/4 hour indicators: Turning lower? Daily Indicators: Up Weekly Indicators:  Up Preferred Strategy:  Despite the increasing risks of staying long, there seems to be no real reason to change… Read More »

4 Dec: A wild ride Friday, with the US$ opening higher on Monday after the Senate passed Trump’stax bill, Saturday.

  The US$ and stockmarkets were both under pressure but recovered from their lows on Friday after reports that the former national security adviser to Donald Trump, Michael Flynn will testify against the President and/or Trump’s family. As some of the details and accusations grew clearer, the selling relented and the markets returned towards levels that had previously… Read More »

4 Dec: Forecast: FX: US$/Majors + trade ideas

  EURUSD: 1.1898 €/Usd had a choppy session on Friday with most of the volatility seen after the Flynn/White House story. US Politics and the EU Sentix Investor Confidence Survey/US Factory Orders will provide the direction today. The passing of the US tax bill on Saturday may provide some early support for the dollar. 1 hour/4 hour indicators:… Read More »