5-May-17: Trend table outlook for FX, Commodities, Indices

                         All will be decided by the outcome of the NFP later today, but the overall the main theme seems to be ongoing weakness in commodities and the commodity bloc currencies, with the Aud looking increasingly vulnerable. The US$ also looks today as though it will remain under some downside pressure although I would not want to be… Read More »

5 May: Forecast: Stock Indices, Commodities

  S&P: 2385 The S+P has been choppy on Thursday (2375/90) but has finished the day unchanged ahead of the NFP outcome, leaving the outlook unchanged The momentum indicators still look mixed and further choppy trade would not really surprise. The dailies still look mildly constructive, although I would not be getting too carried away in either direction… Read More »

5 May: Forecast: FX: US$/Majors

  EURUSD: 1.0979 €/Usd reversed an early European fall to 1.0875 and has headed steadily higher ever since, closing Thursday at the highs of 1.0986, helped along buying interest in the Eur crosses. Having broken above the resistance at 1.0950, the 100 WMA at 1.0990 is now coming under pressure, which should act as good resistance in the… Read More »

4-May-17: Trend table outlook for FX, Commodities, Indices

                         Short term momentum seems to be supportive of the US$ on Thursday, as we head towards tomorrow’s NFP reading, possibly looking to fill the gap in the charts seen following the recent 1st round of the French election result. The Aud$ and the Australian stock market both look heavy, although unless the US indices fall out of… Read More »

4 May: Forecast: FX: US$/Majors

  EURUSD: 1.0886 EurUsd is pretty much unchanged on Thursday, after the Fed left rates on hold, but did briefly spike up 1.0936 following the FOMC statement which gave dollar bulls little new impetus. Technically, further choppy trade appears likely as we now wait on Friday’s US jobs data. On the topside, the initial resistance will again be… Read More »

4 May: Forecast: Stock Indices, Commodities

  S&P: 2382 US stocks are steady on Wednesday, largely unaffected by the outcome of the FOMC Meeting, with the S+P pretty much confined within recent parameters and leaving the outlook unchanged. (Range; 2375/85) As before, the momentum indicators still look mixed and another rangebound session would not really surprise while waiting on Friday’s NFP. The dailies still… Read More »

3 May: Forecast: FX: US$/Majors

  EURUSD: 1.0929 EurUsd has had another rangebound session, rising slowly from the lows to the highs, where it currently sits at 1.0925. Technically, further choppy trade appears likely but possibly with a slight upside bias, which may continue to underpin the Euro in the next couple of days although the FOMC statement will decide the direction from… Read More »