26 June: Forecast: Stock Indices, Commodities

  Commodities: Gold rose to its highest level of the week, underpinned by a softer dollar and by renewed demand for safe haven after North Korea again stoked tensions with further missile tests.. Oil edged higher on Friday, underpinned by the soft dollar, but finished down for the 5th consecutive week because the OPEC-led production cuts have failed… Read More »

26 June: Forecast: FX: US$/Majors

  Currencies: The US$ weakened on Friday despite upbeat housing data easing worries about a slowdown in the housing market while investors awaited a flurry of comments from Fed officials. Stronger manufacturing data from Europe combined with underperforming US manufacturing data to keep the dollar under pressure against all the major currencies. Sterling rallied after the BoE’s Haldane… Read More »

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

Unfortunately there is really nothing to go on at the start of the week. Following a tight rangebound session on Friday, almost all products are showing very little momentum and it looks as though any directional move will be due to some surprise data reading or from a political headline. With much of Asia closed on Monday, expect… Read More »

23 June: Forecast: Stock Indices, Commodities

  Economics/ Politics/Central Banks: The US initial jobless claims rose 3k to 241k in the week ended June 17, slightly above expectation of 240k but remain at a very low level historically. Comments from outgoing BOE MPC member Kristin Forbes underpinned Sterling after she said “‘lift-off’ of UK interest rates should not be delayed any longer” in a… Read More »

23 June: Forecast: FX: US$/Majors

  Economics/ Politics/Central Banks: The US initial jobless claims rose 3k to 241k in the week ended June 17, slightly above expectation of 240k but remain at a very low level historically. Comments from outgoing BOE MPC member Kristin Forbes underpinned Sterling after she said “‘lift-off’ of UK interest rates should not be delayed any longer” in a… Read More »

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

The clearest indicators are still in WTI which would appear to have plenty of downside momentum ahead of it and a test of 40.00 could be on the cards in the next few days. It will remain volatile though so leave room for a decent short squeeze, but which should provide a good sell opportunity. Elsewhere, the dollar… Read More »

22 June: Forecast: Stock Indices, Commodities

  S&P: 2432 The S+P is a little lower today, weighed down again by the energy sector, in line with the lower oil price. The S+P will continue to see good resistance at 2450 but above which, we could see a slow grind higher into new blue sky territory. The short term momentum indicators are looking a little… Read More »