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

Markets look pretty mixed today with no real momentum in the currency markets at all. Gold and Silver might want to head a little higher and the longer term trend in US stocks seems set to continue but that aside it look likely to be a fairly choppy session and trading the ranges around current levels seems to… Read More »

24 Feb: Forecast: US$ /Majors

  EURUSD: 1.0581 EurUsd is more or less unchanged today after a choppy session (1.0537/95) leaving the medium term outlook unchanged. The short term momentum indicators still look a little more positive, and on the topside, minor resistance will be seen at the session high ahead of 1.0605/10 and 1.0675/80.  Above here looks unlikely today, but we could… Read More »

24 Feb: Forecast: Stocks, Commodities

  S+P: 2362 The S+P made yet another new high (2367) on Thursday in its never ending “Trump” rally. Technically, the dailies still point higher, so the ongoing drift to new all time highs could well continue as we head slowly towards 2400. On the downside, the 1 and 4 hour charts now hint at the chance of… Read More »

23 Feb: US$ under pressure following bland FOMC Minutes. Australian CAPEX coming up. German GDP later.

The dollar is heavy following the release of the FOMC Minutes at which it was noted that many Fed board members said that it may be appropriate to raise interest rates again “fairly soon” should jobs and inflation data come in line with expectations. Traders were hoping for a bit more with regards to the timing of the next hike, but as often happens, were left disappointed. In other data released on Wednesday,….

23 Feb: Forecast: US$ pairs

  EURUSD: 1.0571 Having traded down to 1.0493 in Europe, the Euro has turned higher after the release of the FOMC Minutes, currently near the session high of 1.0572. The short term momentum indicators now look a little more positive, and on the topside, minor resistance will be seen at 1.0585 ahead of 1.0605/10 and 1.0675/80.  Above here… Read More »

23 Feb: Forecast: Stocks, Commodities

  S+P: 2360 The S+P has traded sideways following the release of the FOMC Minutes (2355/2363), leaving the outlook unchanged. The dailies still point higher, so the ongoing drift to new all time highs could well continue as we head slowly towards 2400. On the downside, the 1 and 4 hour charts now hint at the chance of… Read More »

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

Short term US$ weakness looks t be the play of the day, at least against the Eur, Chf, Aud and Nzd. The Euro also looks set to make minor gains on the crosses. Elsewhere looks less certain although WTI now looks a bit heavy and is possibly set for further choppy rangebound trade after failing on the topside… Read More »

22 Feb: Hawkish Fed speak underpins the US$ ahead of today’s FOMC Minutes.

Both the US$ and stocks were firmer on Tuesday, with the stock indices making another all time high following some hawkish comments from various Fed board members, while European political uncertainty as we head towards the Dutch and French elections weighed on the Euro. The Cleveland Fed President Loretta Mester said that she would be comfortable raising rates… Read More »

22 Feb Forecast: Commodities, Stock Indices

  S+P: 2362 The slow squeeze to new all time highs continues, with the S+P today reaching 2364. The short term charts and the dailies all now point higher so the ongoing drift to new all time highs could well continue as we head slowly towards 2400. On the downside, support will be seen at 2345/50 below which… Read More »