15 Nov: Forecast: Stocks/ Commodities.

  S&P: 2577 Preferred Strategy: US. Stock indexes ended a little lower on Tuesday but recovered from their lows after General Electric plunged for a second straight day and a drop in the oil price hit energy stocks. Overall though, the 2560/65 support continues to hold and the current consolidation could be a healthy sign for the eventual… Read More »

15 Nov: Trend table outlook for FX, Commodities, Indices.

*Trade of the day: 11/15/2017 9:03 AM (AET)…… It seems that we have quite a major change in trend today, led by the Euro – and also the Chf -, which have both made good gains against the US$ and appear set to see further upside in the sessions ahead although much will depend on the outcome of… Read More »

15 Nov: Forecast: FX: US$/Majors + trade ideas

  EURUSD: 1.1792 Preferred Strategy:  EurUsd had a strong rise on the back of solid EU data, negating the Head/Shoulder formation, and will now await today’s all-important US CPI, with the result, either side of the expected 1.7%yy to decide the next directional move for the pair. The 4 hour/daily momentum indicators do suggest further gains are possible,… Read More »

14 Nov: Trend table outlook for FX, Commodities, Indices.

The table is not offering much help after a mostly rangebound session although the Aud$ does look rather heavy and I suspect that a test of 0.7570 may lie ahead. The Euro looks slightly bid, at least in the short term, on the crosses but nothing to get carried away with. Strategically I still prefer to be long… Read More »

14 Nov: Forecast: FX: US$/Majors + trade ideas

  EURUSD: 1.1668 Preferred Strategy:  EurUsd had a steady session on Monday although the Euro remains underpinned into the close, sitting just below the neckline of the head/shoulders formation having tested it by reaching a high of 1.1675. As before, while I prefer t be short, some caution is warranted as the momentum indicators, including the dailies, seems… Read More »

13 Nov: Weekly outlook for the US$ index (DXY).

The Dollar Index (DXY) traded sideways last week and thus far it continues to hold on above the head/shoulder neckline (93.47). As long as this continues, the near term outlook remains cautiously bullish although a break of the neckline, and also of the minor rising trend support level nearby, would suggest a dip towards the 100 DMA at… Read More »

13 Nov: Trend table outlook for FX, Commodities, Indices.

The US$ looks mixed at the beginning of the week although it does appear that the Euro could be heading higher over the next day or so. This would take out stops above the H/S neckline but would run into decent resistance above 1.17 and selling rallies is still preferred for now. Stocks look as though they are… Read More »

13 Nov: Forecast: FX: US$/Majors + trade ideas

  EURUSD: 1.1665 Preferred Strategy:  EurUsd had a steady session on Friday although the dollar remained heavy due to the US tax plan concerns, with the Euro underpinned into the weekend, and the pair closed just below the neckline of the head/shoulders formation. As before, some caution is warranted by those who are short the Euro as the… Read More »