Tag Archives: forex

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 »

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

  EURUSD: 1.1852 After gapping lower at the open, €/Usd had a choppy session in a tight range, with more of the same looking likely. The PMIs will be the major focus today. 1 hour/4 hour indicators: Neutral Daily Indicators: Possible topping formation Weekly Indicators:  Neutral Preferred Strategy:  The short term momentum indicators look pretty neutral and another… Read More »

4 Dec: Forecast: Stocks/ Commodities.

    S&P: 2643 The S&P had a wild ride on Friday (2604/50), but recovered from the spike low to finish not too far from the all-time highs. 1 hour/4 hour indicators: Turning lower? Daily Indicators: Up Weekly Indicators:  Up Preferred Strategy:  Despite the increasing risks of staying long, there seems to be no real reason to change… Read More »

4 Dec: A wild ride Friday, with the US$ opening higher on Monday after the Senate passed Trump’stax bill, Saturday.

  The US$ and stockmarkets were both under pressure but recovered from their lows on Friday after reports that the former national security adviser to Donald Trump, Michael Flynn will testify against the President and/or Trump’s family. As some of the details and accusations grew clearer, the selling relented and the markets returned towards levels that had previously… Read More »

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

  EURUSD: 1.1898 €/Usd had a choppy session on Friday with most of the volatility seen after the Flynn/White House story. US Politics and the EU Sentix Investor Confidence Survey/US Factory Orders will provide the direction today. The passing of the US tax bill on Saturday may provide some early support for the dollar. 1 hour/4 hour indicators:… Read More »

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

  EURUSD: 1.1899 EurUsd is higher on Friday after having bounced off the rising trend support but has been unable to hold on to its highs at 1.1931 and is closing back below 1.1900. Further choppy trade above 1.1800 looks likely. 1 hour/4 hour indicators: Mixed Daily Indicators: Up Weekly Indicators:  Neutral Preferred Strategy:  The dailies remain constructive… Read More »