16 May: Tomi Trader daily EA update

Existing Trades– Current bias: Long US$CHF Short EurGbp Short Gold The Tomitrader EA has worked well on 15/16 May, with our short Gold and short EurGbp strategies both making some decent returns. Gold in particular traded well, and we were able to sell into the early week strength to 1320 and then add to the position on every… Read More »

16 May: Trend table outlook for FX, Commodities, Indices

The overall theme of trading the US$ from the long-side, looking to add to positions into near-term dips, remains intact, with the Euro and the Kiwi looking to be the weakest links.  In the crosses, I still like AudNzd to trade higher. Gold took a hit on Tuesday and it seems to have further downside potential ahead of… Read More »

16 May: Forecast: FX: US$/Majors + trade ideas

  EURUSD: 1.1840 EurUsd has fallen back to the year’s low at 1.1819, coming under pressure after some soft EU data and then later in the day by a firm US Retail Sales reading. German/EU CPI and US Housing Data in focus today. ECBs Draghi/Coeure will both be speaking, as will the Fed’s Bostic/Bullard. 1 hour/4 hour indicators:… Read More »

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

    EURUSD: 1.1927 EurUsd is back at 1.1935; pretty much where it began the day after a range bound session. Today will be a busy one with regards the calendar,  with the focus to be on  the German/EU Preliminary Q1 GDP (exp +0.4% qq both for German/EU), the ZEW and the  US Retail Sales (exp RS-Ex Auto… Read More »

15 May: Trend table outlook for FX, Commodities, Indices

Stocks are mixed, ending the day around their opening levels, while the US$ has is mildly firmer, grinding higher through a quiet Monday session, with the ongoing meltdown in Emerging Markets, particularly the ARS and TRY in focus and infecting the  rest of the EM FX and high-beta sector, with the MXN, BRL and the Kiwi under pressure… Read More »

14 May: Trend table outlook for FX, Commodities, Indices

Friday was a choppy but mostly uneventful session, with stocks up marginally (0.2%/0.3%) and the US$ still under some mild downside pressure but closing pretty near the levels where it started the week against most pairs. WTI settled lower, but remains above 70.00 pb after posting a weekly gain as sentiment remained positive despite signs of an increase… Read More »