It has been another choppy sideways session on Thursday although the stock markets continue to grind ever higher, and from the look of the charts this may well continue to be the case. In particular, having now broken above 7000, the ASX appears t be very well underpinned. The currency…
The signing of the US/China trade deal did not exactly set the markets on fire although we did briefly see yet new all time highs in the US stock indices. That aside, it has been another benign session, with the main FX interest being seen in the Swiss Franc…
It has been another choppy sideways session on Tuesday and it looks likely to remain that way until the signing of the trade pact between the US/China although there will also be some economic data (US PPI/New York State Empire Mfg Index) as well as corporate earnings from BOA, BNY/Mellon,…
Once again the main moves of the session were seen in Gold and WTI, which both moved lower in an otherwise uninspiring session while waiting on the signing of the US/China trade deal due on Wednesday. Although the charts looks a little mixed, it would appear that there is further…
The FOMC result has done little provide any real directional bias in any of the asset classes and a lot of blue remain on the heat map, suggesting further indecision. Interestingly, the DXY (US$ Index) does look heavy on all time zones and this may see the dollar stay under some downside pressure. If so, the Euro and… Read More »
The post 31 Oct: Trend table outlook for FX, Commodities, Indices appeared first on FXCharts.
There is a lot of blue on the table today as traders stand aside while waiting on the FOMC outcome due late in the session. The FX markets look pretty much on hold, with the exception of the Aud$, which appears to be building some constructive momentum against both the US$ and also on the crosses. Further directional… Read More »
The post 30 Oct: Trend table outlook for FX, Commodities, Indices appeared first on FXCharts.
The positive outlook towards some type of trade agreement between the US/China has put safe-haven assets on the back foot, with the Jpy, Chf and the metals under some downside pressure, while stocks look increasingly positive. Otherwise, everything looks to be on hold while awaiting the outcome of Wednesday’s FOMC Meeting. The action there is not really so… Read More »
The post 29 Oct: Trend table outlook for FX, Commodities, Indices appeared first on FXCharts.
The US$ looks mostly firmer on the charts heading into the new week and appears set to make headway against the EU majors and the commodity currencies although the Jpy still seems fairly rangebound. The Dollar Index (DXY) does look as though it may be basing out on the daily charts, so selling EurUsd is the preferred trade.… Read More »
The post 28 Oct: Trend table outlook for FX, Commodities, Indices appeared first on FXCharts.
The US Unemployment data provided very little directionally in any of the markets and there is not an awful lot to go on at the start of the week. We therefore look likely to be fairly rangebound, possibly until the ECB Meeting on Wednesday. In the FX space, there is very little directional bias although the Kiwi does… Read More »
The post 8 Apr: Trend table outlook for FX, Commodities, Indices appeared first on FXCharts.