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

The US$ looks to be pretty mixed at the start of the week, possibly signalling some interesting plays on the crosses, where the Commodity bloc currencies currently seem to be back in favour – at least for  the short term. Safe haven demand appears set to produce further near term Yen and Chf strength as well, while around… Read More »

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

  EURUSD: 1.1899 EurUsd is higher on Friday after having bounced off the rising trend support but has been unable to hold on to its highs at 1.1931 and is closing back below 1.1900. Further choppy trade above 1.1800 looks likely. 1 hour/4 hour indicators: Mixed Daily Indicators: Up Weekly Indicators:  Neutral Preferred Strategy:  The dailies remain constructive… Read More »

30Nov: Forecast: FX: US$/Majors + trade ideas

  EURUSD: 1.1853 EurUsd is unchanged on Thursday after having bounced off rising-trend support, and a similar session looks possible today although a big day of data may produce plenty of volatility. OPEC, EU CPI, US Personal Consumption/Expenditure in focus. 1 hour/4 hour indicators: Mixed Daily Indicators: Up – Possible topping formation. Weekly Indicators:  Neutral Preferred Strategy:  Another… Read More »

29 Nov: Trend table outlook for FX, Commodities, Indices.

The US$ seems to be a little better bid across the board today, at least in the short term although the longer term indicators still look rather mixed. In the crosses, Sterling looks as though it has the legs to head higher and I think we can see a move to new trend highs in GbpAud. Stocks look… Read More »

29 Nov: Forecast: FX: US$/Majors + trade ideas

  EURUSD: 1.1844 EurUsd has drifted lower, accelerating late in the day as it came under pressure from the move in EurGbp on the back of the Brexit headlines. Currently sitting towards the 1.1825 session low, the short term momentum indicators hint at further losses to come, although the dailies still look constructive. If we do head lower,… Read More »

28 Nov: Trend table outlook for FX, Commodities, Indices.

Having recovered from early session weakness, the US$ now looks as though it could see a continuation of the current short-term strength, particularly against the Euro, Chf and Aud although less so against the other majors. The Aud$ looks to be under some pressure, with a surprising selloff in the AudNzd cross. It also appears to be under… Read More »