13 Dec: Forecast: Stocks/ Commodities.

  S&P: 2668 The S&P is trading at new all-time highs on Wednesday, and with the momentum indicators now generally aligned to the topside, a continuation towards 2700 may be on the cards. 1 hour/4 hour indicators: Up Daily Indicators: Turning higher Weekly Indicators:  Up Preferred Strategy:  Despite the increasing risks of staying long, the long term uptrend… Read More »

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

  EURUSD: 1.1746 €/Usd has traded a mostly heavy session after the softer ZEW,/stronger US PPI undermined the Euro although the dollar then gave back some of its gains after headlines came through that Senator Rand Paul feels unable to vote for raising the US budget deficit. We now await the upcoming US CPI and the FOMC/ ECB… Read More »

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

Currency markets generally look set to remain rather choppy ahead of the upcoming central bank meetings although Sterling looks heavy and the Kiwi appears set for further gains, so trading that cross from the short side may be a plan. Stocks look positive still, while WTI may be about to have a retest of the recent trend highs,… Read More »

12 Dec: Forecast: Stocks/ Commodities.

  S&P: 2661 The S&P is trading higher Tuesday, and with the momentum indicators now generally aligned to the topside, another run towards the all-time high at 2664 may be on the cards. 1 hour/4 hour indicators: Up Daily Indicators: Turning higher Weekly Indicators:  Up Preferred Strategy:  Despite the increasing risks of staying long, the long term uptrend… Read More »

12Dec: Forecast: FX: US$/Majors + trade ideas

  EURUSD: 1.1766 €/Usd has traded a little higher in a tight session for much of Monday (1.1763/1.1811) before giving up the gains late in the day, while waiting on the upcoming FOMC/ ECB meetings, with much of the action coming through the crosses, where EurJpy and EurGbp were prominent drivers. As before,  the 4 hour/daily momentum indicators… Read More »

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

It looks as though the US$ could be choppy but may have some mild upside this week, although the outcome of the FOMC/ECB will largely decide the direction.  Elsewhere stocks look underpinned, and on the crosses, the Yen looks set to stay under some pressure. For those who want some excitement in their lives….Bitcoin futures open in 20… Read More »

11 Dec: Forecast: Stocks/ Commodities.

  S&P: 2651 The S&P is turned higher on Friday, and with the momentum indicators now generally aligned to the topside, another run towards the all-time high at 2664 may be on the cards. 1 hour/4 hour indicators: Up Daily Indicators: Turning higher Weekly Indicators:  Up Preferred Strategy:  Despite the increasing risks of staying long, the long term… Read More »

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

Friday’s NFP report showed 228k growth in jobs in November, above expectation of 200k, while the previous month’s figure was revised down to 244k from 261k. The headline unemployment rate was unchanged at 4.1%, as expected, but the main focus was on the average hourly earnings, which only rose 0.2% mm, below expectation of 0.3% mm, causing a… Read More »