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

It has been a choppy day, without too much direction although the US$ remain under some mild downside pressure. There does not seem to be much follow-through though and in the absence of any major data, today may be a similar type of session. Ideas are rather thin on the ground right now, with WTI looking to be… Read More »

5 June: Markets choppy, with US$ still under mild pressure. RBA today.

  The week started with Asia and early Europe both being in risk-on mode, with the Aud and Kiwi being notable beneficiaries in the currency markets, while the US$ has come under pressure on all fronts, despite Friday’s strong employment data. That turned around during the course of the session, with Sterling coming under heavy selling pressure –… Read More »

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

The risk-on mode seen on Monday seems set to continue, at least in the short term, with the US$ seemingly under some pressure heading into Tuesday against the Euro, Aud$ and the Kiwi. How long this will last for is questionable, although the dailies do seem to be turning negatively against the dollar and so it may be… Read More »

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

It all looks rather clouded at the start of the week and there is no real trend that is obvious anywhere, except that WTI looks as though it is developing a sustainable move lower. EurJpy also looks heavy and selling rallies is preferred. Otherwise it all looks rather choppy on Monday and given the absence of any major… Read More »

30 May: Trend table outlook for FX, Commodities, Indices

Once again there is no green on the heat map and with safe haven demand resulting in a move away from risk-related assets due to the building tensions in Europe; we look set for further downside in the Euro and in US$Jpy, and possibly US$Chf. This will result in all the Euro crosses staying heavy as well and… Read More »

29 May: Trend table outlook for FX, Commodities, Indices

The Euro once again looks to be the centre of the action, heading into Tuesday trade, and trading it from the short side against both the US$ and on the crosses seems to be the way forward. . Elsewhere it all looks rather scrappy although there is not a lot of green on the heat map so I… Read More »