28 Jun: Stocks fall sharply as Covid cases rocket. A big week ahead. Powell/Mnuchin (Tue), FOMC Minutes (Wed) & US NFP (Thur) the main focus.

The major US indices ended the week with further steep losses on Friday, after some states reinforced fresh restrictions to curb coronavirus outbreaks that have pushed daily infections in the US to new record highs, with 40,000 new cases having been reported on Thursday. Falls of around 2.5% were seen…

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26 Feb: Stocks sell-off accelerates as virus spread sends investors rushing for the exit – More of the same ahead.

Despite looking a little healthier at the start of US trade, stocks are once again sharply lower, sent into decline by a warning from the National Center for Immunization and Respiratory Diseases that they now expect a wider spread of the coronavirus in the US and are preparing for a…

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13 Feb: Trend Table and Trade possibilities for FX, Commodities, Indices.

Improving risk-sentiment has seen the US stock indices move to yet new all-time highs while the US$ is mixed on Thursday, lower against the commodity currencies but higher against the EU majors and the Jpy, as safe-haven demand diminishes. The metals are sitting in neutral territory while WTI is back…

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12 Feb: Trend Table and Trade possibilities for FX, Commodities, Indices.

The US$ is generally a little softer on Wednesday and the charts hint that this could continue to be the case in the coming session although the daily charts suggest that any near term weakness may present a buying opportunity.  The exception to this today may be the AudUsd, where…

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11 Feb: Trend Table and Trade possibilities for FX, Commodities, Indices.

The US$ remains underpinned on Tuesday, as seen in the constructive looking DXY projections in the heat map, below, and also from the DXY chart, which today perfectly touched the Fibo target at 98.88 (76.4% of 99.67/96.34). Technically, the daily charts hint that the dollar’s uptrend could well continue over…

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10 Feb: Trend Table and Trade possibilities for FX, Commodities, Indices.

The US$ remains very well underpinned on Monday, as seen in the constructive looking DXY projections in the heat map, below,  and technically the charts hint that the dollar’s uptrend could well continue over the next few sessions, with the Euro, Sterling, Aud and Nzd all looking vulnerable. The safe…

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7 Feb: Trend Table and Trade possibilities for FX, Commodities, Indices.

The US$ remains very well underpinned on Friday ahead of the US jobs data due later in the session and, technically, the charts hint that the dollar’s uptrend could well continue into the weekend. At the same time, US stocks rallied for the 4th consecutive session on Thursday with the…

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6 Feb: Trend Table and Trade possibilities for FX, Commodities, Indices.

The US$ looks increasingly well underpinned although today may be a rangebound affair while waiting on tomorrow’s US employment data. The Euro looks increasingly heavy while the safe haven currencies (Jpy, Chf) also appear to be under pressure. In other markets, stocks show no sign of running out of steam…

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5 Feb: Trend Table and Trade possibilities for FX, Commodities, Indices.

Tuesday has seen a turnaround in risk sentiment with the Jpy, Chf and Gold being sold heavily, while stockmarkets are strongly higher, as is the Aud$, underpinned by Tuesday's RBA decision to leave rates on hold, which has dragged the Nzd along with it. The Euro is stuck in no-man’s…

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