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

  EURUSD: 1.1898 EurUsd has sharply reversed from the 1.1960 session highs, currently sitting near the low of 1.1895, and from the look of the short term momentum indicators it maybe that we are headed for a further test of the downside. The daily techs are also warning the Euro longs, with an inverted hammer formation hinting at… Read More »

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

*Trade of the day: 11/27/2017 6:57 AM (AET)…… Monday appears to suggest further Euro strength ahead, both against the US$ and also on the crosses, so playing the single currency from the long side is preferred. Elsewhere the currency markets look rather more neutral at the start of the week and some range trading on Monday would not… Read More »

27 Nov: Forecast: Stocks/ Commodities.

  S&P: 2601 Preferred Strategy: The S+P traded to new all-time high on Friday, reaching 2602 and closing above 2600 for the first time. Trying to pick the top in US stocks is a fruitless exercise and until we see some confirmation of a reversal I prefer not to be involved at these lofty levels.  At this stage… Read More »

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

    EURUSD: 1.1932 EurUsd soared higher on Friday in taking advantage of the solid data from the EU and it finished near session highs of 1.1943 in thin conditions after having taken out the important 1.1880 resistance. The Euro looks solid again on Monday, with both the 4 hour/daily momentum indicators pointing higher, and above Friday’s high… Read More »

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

Further medium term US$ weakness looks possible although heading into the weekend we may be in for a fairly rangebound session, with not too much data on tap and with little interest likely from the US. Yen strength in particular appears to be a likely theme in the days ahead and  some covering of existing short Yen positions… Read More »

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

    EURUSD: 1.1852 EurUsd is firm again today, after the solid EU PMI readings  although the range has been tight because of the US holiday. The 4 hour/daily momentum indicators are still pointing higher, and further gains look possible so buying dips is currently favoured.  Further out though, the weeklies do still point lower so I would… Read More »

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

The action was all around the US$ today and having been sold off sharply, the momentum indicators seem to point to further weakness in the days ahead although today being  a US holiday it may be a rangebound session for most products. The dollar does look heavy though and this has allowed Gold to rally sharply, which again… Read More »

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

  EURUSD: 1.1820 EurUsd is higher today, after some soggy US data and a mildly dovish outlook of the FOMC Minutes, and is closing the day at near the 1.1826 high. The momentum indicators are aligning higher, and further gains look possible, so buying dips is currently favoured although the weeklies do point lower so in the bigger… Read More »