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 »

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

                         It all looks a little mixed today but the overall theme seems to be of medium term weakness in the Aud$ against the US$ and the EU crosses and also possibly against the Kiwi, although not against the Yen which seems to be under ongoing downside pressure of its own.  The US$ looks a little mixed in… Read More »

9 May: Forecast: Stock Indices, Commodities

  S&P: 2394 The S+P briefly made a new all-time high on Monday (2403) but was unable to hang on and finished in the middle of the day’s 2390/2403 range. The short term momentum indicators look pretty much neutral and suggest further consolidation is in store although the dailies still look mildly constructive and it could be that… Read More »

9 May: Forecast: FX: US$/Majors

  EURUSD: 1.0921 Having gapped higher on the back of the French election result, the Euro is now back at just above session lows of 1.0915, and with the momentum indicators looking rather mixed it would appear that we may have some choppy consolidation ahead of us. On the topside, resistance will be seen on an approach towards… Read More »

8 May: Forecast: Stock Indices, Commodities

  S&P: 2399 US stocks headed higher on Friday; with the S&P ending at a record high close as energy stocks bounced back, in line with the recovery in the oil price, after US employment growth rebounded from the poor March figures. The momentum indicators, both in the short term as well as the dailies, now look mildly… Read More »

8 May: Forecast: FX: US$/Majors

  EURUSD: 1.1020 EurUsd remained firm on Friday despite the solid NFP reading suggesting that a June rate hike remains on the table, as traders bought the Euro in anticipation of a Macron victory in the French election. Those hopes have been delivered on early on Monday, with a decisive Macron victory, and the Euro has opened with… Read More »

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

  The Euro is looking solid on all fronts for now, following the weekend French election result, but will run into resistance towards 1.1050/55 and momentum may slow ahead of the June FOMC Meeting at which a rate hike seems possible following Friday’s solid NFP reading. The US$ does however look to remain under near term pressure against… Read More »