1-Mar-17: Trend table outlook for FX, Commodities, Indices

A cautious stance required ahead of Donald Trump’s address to Congress. US$Jpy looks bid in the near term but it has already rallied 100 pips from the day’s low. Stocks look a little heavy and if Donald Trump fails to please the markets, they could have a nasty accident but I would not wish to be short ahead… Read More »

28 Feb: Markets mixed, waiting on Trumps address to Congress, tomorrow.

   There has been plenty going on today, with the dollar again seeing mixed results as traders remain cautious ahead of the highly anticipated address to Congress by US president Donald Trump, due tomorrow. In terms of data, the US Durable Goods Orders grew 1.8% in January, below expectations of 1.9% while Ex-transport orders dropped -0.2% versus expectation… Read More »

28 Feb: Forecast: Stocks, Commodities

  S+P: 2368 Another day, another all time high on hopes of a major announcement to come tomorrow, from Donald Trump. Technically, the dailies still point higher, so the ongoing drift to new all time highs could well continue this week as we head slowly towards 2400. On the downside, support will be seen at today’s session low… Read More »

28 Feb: Forecast: US$ /Majors

  EURUSD: 1.0588 Eurusd squeezed higher, to reach 1.0630 on Monday before reversing to sit just below 1.0600 by the end of the session, not too far removed from where it started the day. Once again, this leaves the outlook pretty much unchanged, and with the short term momentum indicators being pretty neutral a nimble stance is required.… Read More »

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

Things look a little mixed ahead of Donald Trump’s speech to Congress (tomorrow, Asian time) and there is not too much to go on. The Yen has turned things around late in the day and has shown some weakness, with the potential of more to come according to the short term momentum indicators although we are running into… Read More »

27 Feb: Weekly Forecast; FX Crosses

  EURJPY: 118.55 EurJpy continued its recent downtrend at the end of last week, falling to a low of 118.23 – last seen in November – pretty much where it finished. The 4 hour/daily momentum indicators appear to suggest that further losses lie ahead and having now broken cleanly below the 100 DMA (119.40), we could now see… Read More »

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

The longer term uptrend in stocks seems to remain intact at the beginning of the week and it also appears that the metals have some more upside potential. In the currency markets, further Yen strength seems to lie ahead against both the dollar and on the crosses. The Aud and the Kiwi also look a little heavy, but… Read More »

27 Feb: Forecast: Stocks, Commodities

  S+P: 2364 After trading a little lower through the Friday session US stocks clawed back their losses and closed flat on the day. Technically, the dailies still point higher, so the ongoing drift to new all time highs could well continue this week as we head slowly towards 2400, with much depending on the outcome of what… Read More »

27 Feb: Forecast: US$ /Majors

  EURUSD: 1.0560 EurUsd had a choppy day on Friday, heading up to 1.0618 when the dollar took on a soft tone before turning sharply lower in US trade, to finish at 1.0560, not too far removed from where it had begun the day. This leaves the outlook pretty much unchanged, and with the short term momentum indicators… Read More »