8 Dec: US stocks soar to new all-time highs. Currency markets mostly steady ahead of today’s ECB meeting.

The dollar is mixed on Wednesday, with the Euro treading water ahead of the upcoming ECB Meeting. Sterling was the big mover of the day, falling sharply on worse than expected Manufacturing/Industrial Production data and not helped by the cautious outlook over Brexit, with the High Court Appeal still being heard. Stocks broke new ground,in heading to new-all time highs, overcoming a selloff

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7-Dec-16: Trend table outlook for FX, Commodities,Indices

Trending Table:  Wednesday, December 7, 2016 Daily Outlook: Markets are rather mixed in terms of short term bias today, following what has been a fairly rangebound session with the dollar mildly recovering some of the previous day’s losses and with stocks and commodities doing very little. EurUsd and GbpUsd both show the possibility of further, mild short term… Read More »

7 Dec: US$, stocks firm but rangebound. WTI lower. markets looking towards ECB, tomorrow, FOMC next week.

It has been a relatively stable session on Tuesday with stocks and commodities both trading flat while the US$ has recovered mildly as traders cautiously wait on the ECB meeting on Thursday and then on the FOMC meeting, due next week. The ECB are expected to keep policy on hold although there is a chance […]

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6-Dec-16: Trend table outlook for FX, Commodities,Indices

Trending Table:  Tuesday, December 6, 2016 Daily Outlook: It was a busy Monday but the upshot appears to be that we are in for further near-term US$ weakness, with all the majors lining up in assorted time frames to place further pressure on the downside. Note that the Euro made a key day reversal to the topside against… Read More »

6 Dec:US$ lower, stocks firm. Euro soars, after the early dip on the Italian vote result. RBA, US GDP today.

The Euro has bounced strongly on Monday after the initial knee-jerk reaction to Italy’s referendum and, judging from today’s price action, appears to have put in a near-term base. Cable is sitting near 1.2700 as it trades on the back of the headlines coming from the High Court appeal over Brexit and is currently flat […]

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Euro looking in big trouble following Italian referendum result.

The Italian PM,  Matteo Renzi has been heavily defeated in the referendum to change Italy’s constitution and has announced his resignation, marking a major victory for anti-establishment and right-wing parties and placing the EU into political chaos ahead of the swathe of EU elections, including those of France, Germany and Holland, due in 2017. The […]

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5-Dec-16: Trend table outlook for FX, Commodities,Indices

Trending Table:  Monday, December 5, 2016 Daily Outlook: Sterling looks to retain a bid tone at the start of the week, and trading from the “long” side against the US$, Aud$ and the Euro looks to be an opportunity although this could come unstuck if the High Court Brexit Appeal, due to start today heads in the wrong… Read More »

5 Dec: ECB, RBA Meetings due this week, while UK High Court Appeal over Brexit starts today #fx #forex

The US dollar finished the week on a relatively soft note even though Friday saw the unemployment rate fall to a more than nine-year low of 4.6%, with the Non-Farm Payroll increasing by 178K in November, making it almost certain that the Fed will raise interest rates later this month. On the other side of […]

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2-Dec-16: Trend table outlook for FX, Commodities,Indices

Trending Table:  Friday, December 2, 2016 Daily Outlook: Things look a little mixed today. The Yen remains under pressure, while Sterling seems to be building a base to head higher although there may be better levels in which to buy it if the shorter term charts are correct. WTI also looks as though it may have higher levels… Read More »

2 Dec: US$ slips, Sterling higher; WTI too. NFP in focus and then on weekend political event risk (Italy/Austria).

The US$ and stocks are generally a little softer on Thursday as traders book some profits ahead of the US jobs data due later in the session. In the currency markets, Sterling in particular had a good session, on hopes of a “softer” Brexit while the commodity currencies are generally weak along with the Yen, […]

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