22Nov: Trend table outlook for FX, Commodities, Indices.

With the exception of the Aud and Kiwi, it looks like being a fairly neutral session for the most part, although Janet Yellen is speaking shortly and the US Durable Goods Orders and FOMC Minutes will be released later in the day. Right now though, I cannot see a lot to go on although I mildly prefer to… Read More »

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

  EURUSD: 1.1739 EurUsd had a quiet session, within 1.1712/57, leaving the outlook unchanged and it looks as though it will be politics and risk sentiment that will continue to guide the action, with the FOMC Minutes and the Durable Goods Orders being the main economic focus of the coming session. Note that Janet Yellen will be speaking… Read More »

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

*Trade of the day: 11/21/2017 9:10 AM (AET)…… The US$ generally looks underpinned today against all the majors although the commodity currencies currently look a little more neutral while working up the appetite to continue their longer term move lower.  Further out, the US$/majors are giving mixed signals, so while I think the dollar could continue to move… Read More »

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

    EURUSD: 1.1730 EurUsd had a choppy range of 1.1721/1.1807 care of the German political standoff, leaving Angela Merkel with the possibility of facing new elections. Focus will again be on Germany today, to see what the next direction will be, and that is likely to weigh on the downside although with the momentum indicators looking mixed… Read More »

20 Nov: Weekly outlook for the US$ index (DXY).

The Dollar Index appears to be in the process of breaking down, at least for the coming week, with the head/shoulder neckline now negated and the momentum indicators hinting at lower levels ahead. Currently at 93.65, we are sitting right on the 200 DMA and this may act as near term support above Friday’s low of 93.51.  Below… Read More »

20 Nov: Forecast: Stocks/ Commodities.

  S&P: 2577 Preferred Strategy: US Stocks traded a little lower on Friday, with the S+P falling 10 points to 2575, but leaving the outlook unchanged. More choppy trade looks possibly on Monday and the 2555/65 area continues to provide decent support although given the building negative look of the longer term momentum indicators, I think we may… Read More »