Tag Archives: commodities

18 July: Markets rangebound despite solid China data. NZ/UK CPI, RBA Minutes, EU ZEW in focus, Tuesday.

  Markets remain generally range-bound at the end of Monday trade as they continue to digest the moves seen last Friday following the soft US inflation and retail sales data. Currencies are mixed, but not too far removed from the week’s opening levels, while stocks are pretty much unchanged, the metals are a little firmer and oil is… Read More »

18 July: Forecast: Stock Indices, Commodities

  S&P: 2459 24 Hour Outlook: Neutral Medium Term: Neutral Preferred 24-hour Strategy: Neutral The S+P had a quiet day just below Friday’s new peak of 2460, leaving the outlook unchanged. 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… Read More »

13 July. Cautious Yellen sees US$ trade mixed, bond yields lower. DJI at a new high. China T/B coming up.

  US stocks have rallied, with the Dow hitting a new high, while the dollar is mixed and bond yields have tumbled on Wednesday after Janet Yellen dampened growing expectations of more than one interest rate hike later this year. In the first part of her testimony to Congress, she indicated that the US economy is strong enough… Read More »