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

The US$ looks a little more perky on Friday, particularly against the Euro following the dovish outlook from Mario Draghi at the ECB Press Conference. Trading it (Euro) from the short side seems to be the way to go, and I suspect that given the hawkish Fed outlook we can expect further downside momentum in the days ahead.… Read More »

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

Following the Fed hike the markets have so far gone nowhere and look completely uninspiring, at least from a technical point of view, with nothing to suggest any directional move. At some stage the markets should wake up and see that from an interest rate differential  the US$ should head higher although now is apparently not the time.… Read More »

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

Once again, the markets generally look rather indecisive at the start of Wednesday trade and it could remain so for much of the session, at least until we see the result of the FOMC Meeting. The currencies are offering very little indeed, except that the Aud and the Euro both look a little heavy, as are the crosses,… Read More »

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

The markets generally look rather indecisive at the start of Tuesday trade and it could remain so for a while, at least until we see some kind of reaction to the Trump/Kim meeting, beyond which, traders will have one eye on Wednesday’s FOMC Meeting. The currencies are offering very little indeed, as are the crosses, so I would… Read More »

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

The beginning of the week looks to be pretty choppy and it may we that we are in for a few sessions of rangebound price action, although there could be some volatile directional movement once the Trump/Kim meeting is done, while traders will also have one eye on Wednesday’s FOMC Meeting. The currencies are offering very little indeed,… Read More »

8 June: US$, stocks mixed, with all eyes on the upcoming G7 meeting.

  The dollar slid in Asia and early European trade on Thursday, continuing its bearish bias from the previous day, weighed down by the ongoing possibility of a full-blown trade war with China, Europe, Canada and Mexico, not helped by the Mexico announcement that  it will impose a  $3 billion in tariffs on US imports in response to the latter’s triggering… Read More »

7 June: US trade deficit falls to a 7 month low. EU Q1 GDP ahead.

  It was mostly a fairly quiet session although the ECB’s Praet provided clearer outlook on the ECB’s view towards inflation which was then backed up by Hansson and BuBa’s Weidmann who reiterated the same mantra, which had the effect of pushing the Euro higher. At around the same time stories began to emerge of further Brexit strains,… Read More »

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

The US$ looks set to remain under some mild downside pressure against the EU majors and the Aud$, while at the same time enjoying a ride above 110.00 against the Yen –  as long as risk sentiment remains positive. Buying the  X/Jpy therefore looks appropriate, with both EurJpy and AudJpy seemingly set for further gains in the next… Read More »