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

With the US stockmarkets making their 4th consecutive all-time high it has been a risk-on session although the US$ has again finished the day on a mixed note.. The Jpy is under heavy pressure as the need for a safe-haven diminishes, while at the same time, it is being used as a cheap funding currency to buy other… Read More »

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

The markets look as though they could be reaching some kind of turning point here, with the charts generally showing quite a mixed outlook and with little definitive trend. While the longer term charts still show the possibility of further USS$ weakness,  – with the same applying to the metals,  – the short-term charts hint that we may… Read More »

28 Aug: Trend table outlook for FX, Commodities, Indices

The US$ is lower again on Tuesday and still looks heavy, particularly against the Euro, Kiwi and Aud$ but also against the Chf and Cable, while more mixed against the Yen. It also looks very heavy against the CNH. After reaching all time highs against the Nasdaq and the S+P, stocks look very positive and buying dips seems… Read More »

27 Aug: Trend table outlook for FX, Commodities, Indices

  The US$ is lower on Monday and looks heavy, particularly against the Euro, Kiwi and Aud$, while more mixed against the Yen, Chf and Cable. It also looks very heavy against the CNH. Stocks look very positive and buying dips seems to be the plan here, while the metals saw a good rally on Friday and looks… Read More »

24 Aug: Trend table outlook for FX, Commodities, Indices

The US$ has made a bit of a comeback on Thursday with the Aud under particular pressure because of the political shambles in Canberra. More of the same seems possible although with Jackson Hole and the US/China trade talks coming up any move will come via the headlines coming from either of these two functions. On that basis,… Read More »

23 Aug: FOMC Minutes fail to inspire the US$, despite hints of another hike. ECB Minutes ahead. Jackson Hole, Friday.

  The US$ remains under pressure against all its major counterparts on Thursday following the Fed Minutes which in themselves provided little surprise, with many participants seeing  another rate hike likely to be coming  ‘soon’. Traders had clearly priced this in and were looking for something more definitive from the Fed, and have kept the pressure on the… Read More »