Tag Archives: fx

11 Dec: Forecast: Stocks/ Commodities.

  S&P: 2651 The S&P is turned higher on Friday, and with the momentum indicators now generally aligned to the topside, another run towards the all-time high at 2664 may be on the cards. 1 hour/4 hour indicators: Up Daily Indicators: Turning higher Weekly Indicators:  Up Preferred Strategy:  Despite the increasing risks of staying long, the long term… Read More »

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

Friday’s NFP report showed 228k growth in jobs in November, above expectation of 200k, while the previous month’s figure was revised down to 244k from 261k. The headline unemployment rate was unchanged at 4.1%, as expected, but the main focus was on the average hourly earnings, which only rose 0.2% mm, below expectation of 0.3% mm, causing a… Read More »

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

  EURUSD: 1.1773 €/Usd is lower at the ends of Thursday’s session as the dollar remains strong amid optimism that the U.S. tax reform bill will pass by the end of the year. Finishing near the lows of 1.7770, we will now await the release of the NFP later today. The Euro also looks set to stay under… Read More »

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 »