4 Nov: Solid US Jobs data propels stocks to all time highs. US$ mixed. RBA, BOE rate decisons this week.

It was a busy session on Friday after a slew of important data from the US and updated reports that US/China trade talks are progressing well and could be in line to sign an initial deal later this month. By the end of the session, the S+P was closing the week at a new all-time high, the US$… Read More »

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1 Nov: US$, stocks heavy after FOMC decison and some soft US data. NFP in focus, Friday.

  It has been a mixed session following on from the Fed decision to keep rate on hold. The US$ is a little lower, particularly against the Jpy, which has seen good gains since Fed Chair, Jerome Powell indicated that it would take a sharp turn higher in inflation for the FOMC to contemplate a rate hike. This,… Read More »

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31 Oct: Trend table outlook for FX, Commodities, Indices

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 »

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31 Oct: Fed cut rates, US$ slightly weaker, stocks firm. BOJ Meeting today. EU GDP, CPI Later

As expected, the Fed cut interest rates for the third time this year in a move to ensure that the US economy weathers a global trade war without slipping into a recession, but signalled its rate-cut cycle might be on hold for the time being. Fed Chair Powell said that he believes monetary policy is currently in a… Read More »

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30 Oct: Trend table outlook for FX, Commodities, Indices

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 »

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30 Oct: Steady as she goes ahead of the FOMC, due late Wednesday. Australian CPI ahead. UK election; Dec 12th!

Tuesday has been pretty quiet as traders wait on the FOMC, due later today. Stocks and commodities are flat while in the FX markets the EU currencies have been choppy but without doing a great deal. Even Sterling has been well behaved and seems pretty much exhausted by the never-ending Brexit saga. As I write, it has just… Read More »

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29 Oct: Trend table outlook for FX, Commodities, Indices

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 »

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29 Oct: US$ lower, Stocks, yields up on trade deal optimism. Thin calendar until tomorrow’s FOMC and US GDP, ADP.

The US$ is lower while stocks and bond yields are higher, with the S+P at a new all-time high, as a more conciliatory tone between the US and China buoyed hopes for a possible trade deal, while traders are also looking forward, with some optimism, toa rate cut by the Fed at Wednesday’s FOMC Meeting. Donald Trump underpinned… Read More »

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28 Oct: Trend table outlook for FX, Commodities, Indices

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 »

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28 Oct: US stocks, dollar, yields all firm ahead of Wednesday’s FOMC Meeting. Thin calendar until then.

The US$ was higher on Friday despite traders looking towards Wednesday’s FOMC Meeting, at which it is expected that the Fed funds rate will be cut by another 25 basis points. The Euro was dragged down by Sterling, which entered the world of the absurd as confusion reigned over whether or not the UK will leave the EU… Read More »

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