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

                         After another pretty tight session there is very little to go on today and the momentum indicators mostly look flat or somewhat mixed. I think it will stay this way until the US session, when the CPI and Retail Sales may liven things up a little. The Aud$ looks slightly bid today but there are good sellers… Read More »

12 May: Forecast: FX: US$/Majors

  EURUSD: 1.0861 The Euro is more or less flat on the day after having bounced sharply off a new short term low of 1.0838, and with the short term momentum indicators looking mixed we could be in for further choppy trade on Friday although the US Retail Sales and CPI could produce some volatility. Although the hourly/4… Read More »

11 May: Forecast: FX: US$/Majors

  EURUSD: 1.0866 EurUsd has traded a tight 1.0852/99 range on Wednesday, leaving the outlook unchanged. The 4 hour/daily momentum indicators still both look negative and suggest that we are going to see further downside pressure in the days ahead. If so, once back below 1.0850, the 200 DMA (1.0825) will provide some support although below there would… Read More »

11 May: Forecast: Stock Indices, Commodities

  S&P: 2394 The S+P has had another rangebound session (2388/96) leaving the outlook unchanged The short term momentum indicators are neutral, suggesting that further consolidation is in store although the dailies still look mildly constructive and it could be that we are on the verge of the next leg higher into uncharted waters, which would probably mean… Read More »

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

                         Opportunities are rather thin today, with little standing out. The US$ does look as though it still has some medium term topside potential so buying dips still looks to be the plan. The Kiwi may have some further downside following the RBNZ Meeting although it needs to break 0.6830/40 to add confidence to that view. The metals… Read More »

10 May: Forecast: FX: US$/Majors

  EURUSD: 1.0875 The dollar is firm at the end of Tuesday trade while the Euro remains under pressure following Monday’s spike higher after the French election result, and the pair is finishing near the day’s lows of 1.0862. The momentum indicators now suggest that we are going to see further downside pressure in the days ahead, with… Read More »

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

                         Yesterday’s bearish outlook for EurGbp and AudNzd worked well and the same theory pretty much applies again today as we approach the BOE and RBNZ Meetings on Thursday. Elsewhere, the US$ looks as though it may have further gains ahead against the Euro, Chf, Yen and Aud.  Stocks look steady and may be running out of some… Read More »