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

  EURUSD: 1.1791 Preferred Strategy:  EurUsd had a choppy session, rising ahead of the US data and reaching a high of 1.1859, just as it was released, before turning lower, with most of day’s gains quickly given back as US yields recovered. At the end of the session, the dollar is back at 1.1790 and with the short… Read More »

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

*Trade of the day: 11/16/2017 7:40 AM (AET)…… There seem to be a variety of opportunities today with the Euro and the Chf looking as though they may have seen a short term top, while the yen appears set to remain in demand against both the US$ and the Aud$. The Aud looks weak on almost all fronts… Read More »

16 Nov: Forecast: Stocks/ Commodities.

  S&P: 2566 Preferred Strategy: US. Stock indexes ended around 0.5% lower on Wednesday, undermined by the weak oil price, which hit energy stocks and speculation of a delay in the US tax cuts. Overall though, the 2555/60 support area continues to hold and the current consolidation could be a healthy sign for the eventual continuation of the… Read More »

15 Nov: Forecast: Stocks/ Commodities.

  S&P: 2577 Preferred Strategy: US. Stock indexes ended a little lower on Tuesday but recovered from their lows after General Electric plunged for a second straight day and a drop in the oil price hit energy stocks. Overall though, the 2560/65 support continues to hold and the current consolidation could be a healthy sign for the eventual… Read More »

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

*Trade of the day: 11/15/2017 9:03 AM (AET)…… It seems that we have quite a major change in trend today, led by the Euro – and also the Chf -, which have both made good gains against the US$ and appear set to see further upside in the sessions ahead although much will depend on the outcome of… Read More »

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

  EURUSD: 1.1792 Preferred Strategy:  EurUsd had a strong rise on the back of solid EU data, negating the Head/Shoulder formation, and will now await today’s all-important US CPI, with the result, either side of the expected 1.7%yy to decide the next directional move for the pair. The 4 hour/daily momentum indicators do suggest further gains are possible,… Read More »

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

The table is not offering much help after a mostly rangebound session although the Aud$ does look rather heavy and I suspect that a test of 0.7570 may lie ahead. The Euro looks slightly bid, at least in the short term, on the crosses but nothing to get carried away with. Strategically I still prefer to be long… Read More »

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

  EURUSD: 1.1668 Preferred Strategy:  EurUsd had a steady session on Monday although the Euro remains underpinned into the close, sitting just below the neckline of the head/shoulders formation having tested it by reaching a high of 1.1675. As before, while I prefer t be short, some caution is warranted as the momentum indicators, including the dailies, seems… Read More »