Tag Archives: dollar

7 Dec: Forecast: Stocks/ Commodities.

  S&P: 2629 The S&P is pretty much unchanged again today after having recovered from a dip to 2620 1 hour/4 hour indicators: Neutral Daily Indicators: Up – Possible topping formation. Weekly Indicators:  Up Preferred Strategy:  Despite the increasing risks of staying long, the long term uptrend currently remains intact although the short term momentum indicators and the… Read More »

7 Dec: Forecast: FX: US$/Majors + trade ideas

  EURUSD: 1.1792 €/Usd is a little lower having traded a 1.1780/1.1847 range and is currently sitting right on the 100 DMA which may act as a magnate today although the short term momentum indicators hint at lower levels ahead. 1 hour/4 hour indicators: Turning lower Daily Indicators: Possible topping formation Weekly Indicators:  Neutral Preferred Strategy:  The short… Read More »

6 Dec: US$ remains firm on tax bill hopes. Stocks lower at the end of the US session. Australian Q3 GDP ahead.

  The US$ is firm on Tuesday, underpinned by optimism surrounding  the US tax reform, with traders seeming to think that it is just a matter of time before the final bill reaches Donald Trump for approval. The solid performance came about despite the soft US Services data, showing that the ISM non-manufacturing purchasing managers’ index showed a… Read More »

6 Dec: Forecast: FX: US$/Majors + trade ideas

  EURUSD: 1.1825 €/Usd is a bit lower today, with the dollar buoyed by enthusiasm for the US tax bill being passed. The pair is currently sitting just above the 100 DMA which may provide support today although the short term momentum indicators hint at lower levels ahead. 1 hour/4 hour indicators: Turning lower Daily Indicators: Possible topping… Read More »

5 Dec: Forecast: Stocks/ Commodities.

  S&P: 2638 The S&P gapped higher on Monday’s open, making a new all-time high before reversing lower to finish at around 2640. 1 hour/4 hour indicators: Turning lower? Daily Indicators: Up Weekly Indicators:  Up Preferred Strategy:  The shorter term indicators are pointing lower and a move towards 2600 would not now surprise. Further out, despite the increasing… Read More »

5 Dec: More new highs for stocks, US$ firm after tax plan vote. A busy session ahead for the Aud, led by the RBA

  Having gapped lower at the open on Monday following the weekend Senate vote on the tax bill, the US$ has traded in a relatively tight range against most pairs although Sterling remains relatively underpinned after comments from the EU’s chief Brexit negotiator, Guy Verhofstadt, that there is a 50/50 chance of making progress in the negotiations. Elsewhere,… Read More »