23 July: Trend table outlook for FX, Commodities, Indices

It has been a quiet session on Monday and much the same looks likely for Tuesday, as I suspect we are going to be in consolidation mode now, while waiting on Thursday’s ECB Meeting and then next week’s FOMC decision. EurUsd: The Euro has had a quiet start to the week, confined to a tight range while waiting… Read More »

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23 July: A quiet session as traders look towards Thuersday’s ECB meeting. UK to announce a new PM today.

  Markets are generally little changed on Tuesday morning as traders stand aside while waiting on the policy decisions ahead from the US Fed and the ECB, due in the days ahead. Most FX pairs are pretty much unchanged, although Sterling was under some mild downside pressure on Monday as the UK’s conservative MP’s voted on who will… Read More »

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22 July: Trend table outlook for FX, Commodities, Indices

Friday generally reversed the moves seen on Thursday as traders wound back the hopes of a 50bp rate cut from next week’s FOMC Meeting, which had been inspired by the dovish comments from the NY Fed President, Williams. A WSJ article inspired Friday’s reversal and most assets returned to where they had begun Thursday trade, and at the… Read More »

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22 Jul: US$ firm after WSJ hints at a 25bp Fed cut on July 31. ECB Meeting, Brexit & US Q2 GDP in focus this week.

Friday reversed the moves of Thursday, when the US$ and metals had weakened on the back of the dovish comments from the Fed’s William’s, who had hinted at a more aggressive easing plan  from the Fed than had previously been expected.  Instead, after a mostly consolidative session on Friday, some late headlines saw the dollar regain some ground,… Read More »

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19 Jul: Dovish Fed talk leads to lower US$, higher metals prices as market prices in 50bp cut in July.

  Dovish comments from the NY Fed President, Williams, has sent the US$ lower and the metals sharply higher on Thursday, leaving the market to now begin pricing in some more forceful action at the July 30/31 FOMC meeting, than had previously been expected. Williams was quite strident about why the Fed needs to be thinking about an… Read More »

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19 July: Trend table outlook for FX, Commodities, Indices

EurUsd:  The Euro is sharply higher on Friday following the dovish comments from the Fed, which undermined the US$ across the board, and appears to have the legs to head higher in the near term. Right ahead, the nearby resistance lies at 1.1282/85 (15/11 July highs) and then at 1.1300 ahead 1.1320/27 (200 DMA/ 61.8% of 1.1411/1.1192) .Above… Read More »

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18 July: Trend table outlook for FX, Commodities, Indices

While the FX markets are pretty much unchanged, the real action has been in oil, silver and gold, which all looks as though they could continue their current directional bias – up for the metals, down for WTI. The US stock indices also look increasingly heavy. In the FX crosses, the momentum indicators are not strong but the… Read More »

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18 Jul: FX steady, metals up, oil, stocks lower. IMF warn of overvalued US$. Australian jobs data ahead. UK R/S later.

The FX markets have ended Wednesday having traded within a tight range, with the US dollar ending mildly softer, but leaving the action to the commodity and stock markets.  The dollar was unable to make any headway after the IMF released a report stating that the US dollar is overvalued, suggesting that  the US$ exchange rates is 6%… Read More »

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17 July: Trend table outlook for FX, Commodities, Indices

It has been a busy session and has provided some directional movement which may have some follow-through in the coming session. In particular, Sterling looks very heavy on all fronts, although I am avoiding Cable right now because of Brexit, while in the short term at least, the US$ looks set to remain underpinned against the majors. Stocks… Read More »

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17 Jul: Strong US R/S underpin the US$, yields. WTI -3%. Gbp lower on Brexit no-deal prospect. UK/EU CPI in focus today.

  It has been a busy news day, providing plenty of volatility across the different asset classes. First up, the US June Retail Sales came in much better than expected, at 0.4% mm in June, above expectation of 0.1%, while the ex-auto sales also rose 0.4%, above expectation of 0.1%. The GDP-feeding control group component rose by a… Read More »

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