17 Oct: Forecast: FX: US$/Majors + trade ideas

    EURUSD: 1.1795 Preferred Strategy:  EurUsd was choppy but has finished the day looking a little bit heavy, closing towards the bottom end of the day’s 1.1780/1.1820 range. The ZEW, EU CPI and the US Industrial Production will be the drivers today, but with the short term momentum indicators looking a bit soft we might expect further… Read More »

16 Oct: Forecast: FX: US$/Majors

  EURUSD: 1.1820 Preferred Strategy:  EurUsd was choppy within the tight 1.1800/75 range on Friday but ended up going nowhere, leaving the outlook a little cloudy at the start of the week. The bigger picture still seems to be building a head/shoulder top, so I do prefer an eventual run lower but in the meantime the current conditions… Read More »

16 Oct: Trend table outlook for FX, Commodities, Indices.

  S&P: 2552 Preferred Strategy: It was a 5th straight week of gains for the US markets and it looks as though there is more to come although I prefer not to be involved. For those who do, looking to buy dips seems to be the plan although note that the daily chart, below, does suggest that we… Read More »

13 Oct: Forecast: FX: US$/Majors

  EURUSD: 1.1829 Preferred Strategy:  EurUsd is steady ahead of today’s release of the US inflation figures after having tested the neckline of the head/shoulder by reaching 1.1879. A soft inflation reading today would see the dollar come under pressure and would then take out the stops above the neckline and would see the Euro head towards 1.1900/1.2000.… Read More »

12 Oct: Forecast: FX: US$/Majors

  EURUSD: 1.1863 Preferred Strategy:  The US$ remains under pressure following the FOMC Minutes, with the next directional move likely to come via tomorrow’s CPI figure. In the meantime, the momentum indicators are looking quite positive for the Euro, with the dailies are now pointing a little higher, suggesting that the downside will again be rather limited today.… Read More »