29 June: Forecast: Stock Indices, Commodities

  Economics/ Politics/Central Banks: The US$ remain under heavy pressure after some bullish comments from central bankers concerning monetary policy again boosted risk sentiment as traders speculated that both the BOE and the BOC may adopt tighter monetary policy measures soon. BOE Governor, Mark Carney, reversed his recent comment that there ‘is no need to raise rates soon’,… Read More »

29 June: Forecast: FX: US$/Majors

    Economics/ Politics/Central Banks: The US$ remain under heavy pressure after some bullish comments from central bankers concerning monetary policy again boosted risk sentiment as traders speculated that both the BOE and the BOC may adopt tighter monetary policy measures soon. BOE Governor, Mark Carney, reversed his recent comment that there ‘is no need to raise rates… Read More »

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

Plenty going on today after Draghi’s game changer. The charts now look constructive for the Euro – and also for Sterling – and both EurAud (+EurNzd) and GbpAud (+GbpNzd) had bullish outside days. The US$ looks in trouble on almost all fronts now and further gains would appear to be in store for all counterparts. In the crosses,… Read More »

28 June: Forecast: FX: US$/Majors

  Economics/ Politics/Central Banks: Central Bankers galore, with more to come, including more from Draghi as well as Carney, Kuroda and Poloz. The main focus of the previous session were : Draghi: “All the signs now point to a strengthening and broadening recovery in the Euro area” and Yellen: “We intend to very gradually and predictably shrink our… Read More »

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

It appears that the best play today will be in looking for levels to short the Yen; with the US$, Euro and Aud all looking a little more positive. Elsewhere things still look mixed but I prefer to be long US$ against the Euro and the Chf, less so against the commodity currencies. Stocks remain choppy and rangebound.… Read More »

27 June. US$ firm despite soft US D/G Orders, dovish Draghi comments. Central bankers, including Yellen, in focus today.

  The US$ has largely survived the underperforming Durable Goods Orders figure (-1.1% v exp -0.6%) and is trading on a firm note against the majors although slightly softer against the commodity bloc currencies. Cable remained within its recent range, with UK politic/Brexit dominating the action and with traders seemingly standing on the sidelines. Stocks are rangebound, unable… Read More »

27 June: Forecast: Stock Indices, Commodities

  Economics/ Politics/Central Banks: US Durable Goods for May were weak: -1.1% vs -0.6%  after  the previous reading of -0.9% US Dallas Fed Mfg Bus Index for Jun @ 15 vs 17.20 for May UK’s May strikes a $1.3 billion deal with the Northern Ireland DUP party to prop up the Conservative government Draghi/Yellen will be speaking today… Read More »

27 June: Forecast: FX: US$/Majors

  Economics/ Politics/Central Banks: US Durable Goods for May were weak: -1.1% vs -0.6%  after  the previous reading of -0.9% US Dallas Fed Mfg Bus Index for Jun @ 15 vs 17.20 for May UK PM May strikes a $1.3 billion deal with the Northern Ireland DUP party to prop up the Conservative government Draghi/Yellen will be speaking today… Read More »