1 Aug: Forecast: FX: US$/Majors

  EURUSD: 1.1837 24 Hour: Prefer to buy dips Medium Term: Mildly Bullish The Euro has finished at session and 2 ½ year highs on Monday, with the dollar under general pressure, spiking higher and triggering stops once 1.1800 was taken out. This all means that the Euro will finish the month at trend highs –a rather bullish… Read More »

1 Aug: Forecast: Stock Indices, Commodities

  S&P: 2468 24 Hour: Neutral Medium Term: Neutral No change in view. The S+P traded a tight 2465/75 range on Monday. As before, with the daily momentum indicators still pointing higher, further gains would seem possible in the days ahead, although the short term charts are flat on Tuesday so another rangebound session could lie ahead and… Read More »

31 July: Forecast: Stock Indices, Commodities

  S&P: 2470 24 Hour: Neutral Medium Term: Neutral Although the DJI made a new all-time high on Friday, the S+P was unable to keep up and stayed within the range below last week’s 2480 high. As before, with the daily momentum indicators still pointing higher, further gains would seem possible in the days ahead although the short… Read More »

31 July: Forecast: FX: US$/Majors

  EURUSD: 1.1749 24 Hour: Prefer to sell rallies  – SL above 1.1800 Medium Term: Mildly Bullish The Euro was driven mostly by the crosses on Friday, especially by demand in EurChf, although it remained well bid against the dollar as well, following the release of the US GDP data. Technically, the Euro pulled up short of last… Read More »

31-Jul-17: Trend table outlook for FX, Commodities, Indices.

The US$ generally looks to be under pressure again at the start of the week, pointing lower against all the other majors with the exception of the Chf, which looks to be under ongoing headwinds of its own, so playing the Swiss crosses from the short side may again be the plan over the next few days. Gold… Read More »

28-Jul-17: Trend table outlook for FX, Commodities, Indices.

The US$ has made a minor recovery ahead of today’s GDP data and the short term momentum indicators suggest that we may see further gains heading into the weekend. The longer term charts at this stage still hint at further dollar weakness down the track although the dailies are now reaching oversold conditions and a decent GDP today… Read More »

28 July: Forecast: FX: US$/Majors

  EURUSD: 1.1677 24 Hour: Prefer to sell rallies Medium Term: Mildly Bullish EurUsd, having reached a new 2 ½ year high at 1.1776 in Asia, has since spent the rest of the session correcting lower, finishing the day near the lows of 1.1650. Having headed into strong resistance within the band of 1.1735/1.1790, the Euro pulled up… Read More »

27-Jul-17: Trend table outlook for FX, Commodities, Indices.

The FOMC has certainly taken the wind out of the dollar and further losses seem possible, with the Aud and the Kiwi both looking strong, although buying them at these levels seems fraught with danger. In the longer term, the Euro looks set for an assault on 1.2000. Elsewhere,  Gold looks as though it may head higher as… Read More »