3 May: Forecast: Stock Indices, Commodities

  S&P: 2384 US stocks are steady on Tuesday, with the S+P confined within recent parameters, leaving the outlook unchanged. (Tuesday range 2382/88) As before, the momentum indicators still look mixed and another rangebound session would not really surprise while waiting on today’s FOMC decision. The dailies may be picking up a mildly constructive tone although I would… Read More »

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

                         After another choppy session, short term trading opportunities are hard to come by. Silver and WTI both still look to have some downside potential and I also prefer to sell any near term rally in Gold. Overall it looks as though we need to wait for the FOMC decision to see any directional move and until then… Read More »

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

  After a holiday dominated session, there are few short term opportunities that stand out, and ahead of the FOMC Meeting, tomorrow, it looks like being another choppy session ahead. The suggested range trade in the Aud did not work out yesterday as it headed higher although the momentum indicators still look mixed today – at least while… Read More »

2 May: Forecast: FX: US$/Majors

  EURUSD: 1.0903 EurUsd has had an uninspiring inside day on Tuesday, leaving the outlook unchanged. Technically, further choppy trade appears likely, but possibly with a slight upside bias, which should to continue to underpin the Euro in the next couple of days. The initial resistance will now be seen at around 1.2925 and then again at the… Read More »

2 May: Forecast: Stock Indices, Commodities

  S&P: 2386 US stocks are firm on Monday although the S+P remains within recent parameters, leaving the outlook unchanged. (Monday range 2377/90) The momentum indicators all look a little mixed and another rangebound session would not really surprise on Tuesday while waiting on Wednesday’s FOMC decision. The dailies may be picking up a mildly constructive tone but… Read More »

1 May: Forecast: FX: US$/Majors

  EURUSD: 1.0897 Friday was choppy for EurUsd, with the Euro holding above the support at 1.0850 and rising sharply on the release of the EU inflation figure, reaching a high of 1.0947 before sagging lower into the close to finish the week at 1.0900. Technically, there is little change to the outlook, with further choppy trade looking… Read More »

1 May: Forecast: Stock Indices, Commodities

  S&P: 2380 No change in view (Friday range 2378/88) The hourly and the 4 hour charts once again look mildly negative so further upside momentum may be hard to come by on Monday and another rangebound session would not really surprise. The dailies may be picking up a mildly constructive tone but I would not be getting… Read More »

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

                         Being the May Day holiday through Europe it may well be a fairly tight session on Monday and few short term opportunities stand out, with traders likely to stand aside until the FOMC Meeting and the US jobs data due later in the week. Choosing a currency pair and trading the range may well therefore be the… Read More »