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

Trending Table:  Thursday, December 1, 2016 Daily Outlook: The US dollar has taken another turn high and looks as though there is more in it, although much depends on tomorrow’s US employment data.  All the momentum indicators look supportive for US$/Jpy in particular, but the dailies are at overbought extremes and so caution is warranted on the topside.… Read More »

1 Dec: Surprise OPEC deal sends WTI 10% higher. US$ stronger as yields rise. Focus now on PMIs.

Today’s OPEC meeting has seen a deal to cut oil production, pushing prices sharply higher and causing a flow on effect in sending U.S. Treasury yields up, which in turn has seen the U$ rally strongly, particularly against the Yen. Also underpinning the dollar today, ahead of tomorrow’s US employment figures, was the release of […]

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30-Nov-16: Trend table outlook for FX, Commodities,Indices

Trending Table:  Wednesday, November 30, 2016 Daily Outlook: Markets mostly remained within their ranges on Tuesday; the exception being oil, which saw WTI head lower by around 3.5% ahead of the OPEC Meeting. Given that the markets appear rather mixed ahead of Friday’s US employment data it seems that we can generally expect further choppy consolidation. The Euro,… Read More »

30 Nov: Oil lower ahead of today’s OPEC Meeting. Other markets rangebound. Focus turning to Friday’s NFP.

With the exception of oil, financial markets have generally traded within their recent bands today despite some better than expected US data, which saw the Q3 GDP growth revised up to 3.2% annualised from the prior estimate of 2.9% beating expectations of 3.0%. The GDP price index was revised lower to 1.4%, from 1.5%. From […]

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Don’t let politics interfere with a good trade! Watch the Euro on Monday.

Note that we could be in for some serious volatility early next week once the result of the weekend (Dec 4) Italian referendum on constitutional reforms has been announced. Eight Italian banks face the prospect of failure in the coming months if a “no” vote prevails in Sunday’s referendum, which was proposed by Prime Minister […]

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Trend table outlook for FX, Commodities, Indices:29-Nov-16

Trending Table:  Tuesday, November 29, 2016 Tuesday outlook: The reverse in the dollar has caused a more cautious tone in most markets with very little standing out as an obvious trade, particularly in the short term. WTI seems to have a near term bid tone that could carry it higher although with the OPEC Meeting upon us, I… Read More »

29 Nov: Month end profit-taking curbs US$ strength. Q3 US GDP revision today

The dollar suffered a substantial correction in Asian trade on Monday, led lower by a selloff in US$Jpy which had become extremely overbought, although we have since seen a turnaround after a supportive economic growth outlook from the OECD. The semi-annual report indicated that Donald Trump is expected to undertake some fiscal stimulus in the […]

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DXY: Some consolidation is due, but longer term outlook remains very bullish #dxy #dollar #fx #forex

DXY: 101.35 The DXY rallied strongly last week, reaching a high of 102.05 before settling at 101.36. In making its move, the index briefly took out the important Fibo resistance seen at 101.80 (61.8% of 121.02 (July 2001 high)/70.72(March 2008 low) and although this will again be difficult to overcome, a sustained move higher could […]

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Trend table outlook for FX, Commodities, StockIndices: 28-Nov-16

Trending Table:  Monday, November 28, 2016 Weekly outlook: While the long US$ medium trade seems to be intact at the start of the week, some caution is warranted as some of the major pairs (Eur, Chf, Aud) may be showing early signs of basing in the daily charts, which if correct could at least mean some consolidation and… Read More »