Tag Archives: commodities

25 July: US$ edges higher, waiting on the FOMC (Wed). WTI up on Saudi production cuts. BOJ Minutes ahead.

  Currencies and stocks have been mostly rangebound on Monday while waiting on Wednesday’s FOMC Meeting, with little to excite the markets except for the global flash PMIs. The Euro was capped after the release of these as they generally came in lower than expected. The EU PMI manufacturing dropped to 56.8 in July, down from 57.4, missing… Read More »

21 July: Forecast: Stock Indices, Commodities

  S&P: 2473 24 Hour Outlook: Neutral Medium Term: Neutral Preferred 24-hour Strategy: Neutral Another day, another all-time high, today @ 2475. With the daily momentum indicators pointing higher, further gains would seem likely in the days ahead although the short term charts are looking a little mixed today so some caution is warranted. A continuation of the… Read More »

20 July: US$ mixed ahead of BOJ/ECB Meetings. S+P at new highs. Australian jobs data coming up.

  Currency markets have been relatively stable on Wednesday while waiting on the upcoming central bank meetings, with the most notable movement being seen in the commodity bloc, which remains firm. Elsewhere is US $ is mixed; slightly firmer against the EU majors ahead of the ECB Meeting and slightly softer against the Yen, ahead of the BOJ.… Read More »

19 July: Forecast: Stock Indices, Commodities

  S&P: 2459 24 Hour Outlook: Neutral Medium Term: Neutral Preferred 24-hour Strategy: Neutral With the daily momentum indicators aligning slightly higher further gains would eventually seem likely although the short term charts are now neutral and another rangebound session would not surprise. Personally, I prefer to remain sidelined at these levels. Resistance Support 2480 Minor 2447 Session… Read More »