22 Feb: Forecast: US$ pairs

  EURUSD: 1.0548 The Euro has headed lower on the EU election concerns and hawkish Fed speak, testing the 1.0520/25 support area, which has so far held although, with the short term momentum indicators now looking heavy a break could see it head quickly to 1.0500, below which would then see an acceleration to the downside as there… Read More »

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

The US$ seems to be building the legs for a more sustained move higher against the Euro, Chf and possibly the Yen although Cable and the Aud seems to be reasonably underpinned as they continue to trade within their recent ranges. On that basis, given the Euro weakness, both EurGbp and EurAud seem to have some short term… Read More »

21 Feb Outlook: Commodities, Stock Indices

  S+P: 2352 Despite being a US holiday the S+P ended Monday having squeezed up a few points to a new all time high (2356). The short term charts mixed and offer little hint either way although the dailies point higher so the ongoing drift to new all time highs could well continue. On the downside, support will… Read More »

21 Feb: Outlook: US$ pairs

  EURUSD: 1.0615 EurUsd has had a rangebound session (1.0602/34) leaving the outlook unchanged. The short term momentum indicators are flat on Tuesday offering little hint either way for the coming session.  The dailies though are beginning t look a little heavy, and back below 1.0600 would find minor Fibo support at 1.0580 and 1.0555 ahead of the… Read More »

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

Having been a US holiday and a very narrow range in most currency pairs/commodities/stocks it is a rather uninspiring start to the day. A neutral stance is therefore required on most fronts and I suspect we will need to see the US session begin before we see much movement. Ahead of that, the flash PMIs could create some… Read More »

20 Feb: Weekly Outlook; FX Crosses

EURJPY: 119.78 EurJpy fell heavily at the end of last week, from a Friday high of 121.09 to a low of 119.70, finishing below 120.00. The 4 hour/daily momentum indicators appear to suggest that further losses lie ahead although decent support lies at the 100 DMA and previous low at at around 119.30. A break of this would… Read More »

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

Being a US holiday on Monday it could be rather quiet, but if anything, the US$ does seem to have the potential to head a little higher on Monday against the EU majors, less so against the Yen. Stocks look flat in the near term although the longer term uptrend seems set to remain intact, while the metals… Read More »

20 Feb Outlook: Commodities, Stocks

  S+P: 2348 US stocks ended Friday pretty much unchanged from Thursday, leaving the outlook unchanged ahead of the US holiday. The short term charts now mixed, so a sideways session looks most likely.  Bids will arrive at 2035/40 below which further support lies at 2330 and then at 2320. We are only a few points from the… Read More »