It has been a volatile session on Thursday, and at the end of the day, the Euro, Aud and Kiwi all look as though they may have some short term upside potential, while the US stock markets and WTI both look increasingly heavy. The metals also appear to have put in a near term base and could squeeze… Read More »
The post 24 May: Trend table outlook for FX, Commodities, Indices appeared first on FXCharts.
Thursday was a rather volatile session on the back of the escalating trade tensions between the US/China, not helped by an exchange of accusations over Huawei, with traders becoming increasingly concerned over future economic growth trends after a series of weak data from both the EU and the US. The technology sector did not like it and… Read More »
The post 24 May: A volatile ride due to increased trade tensions and economic growth concerns. US D/G in focus today. appeared first on FXCharts.
After a rather steady session there is not an awful lot that is new to report. Oil had the biggest move of the day and the short term momentum indicators are pointing lower although the medium term range shows no real change. Elsewhere the commodities/stock markets both have a rather neutral look, with the exception of the ASX,… Read More »
The post 23 May: Trend table outlook for FX, Commodities, Indices appeared first on FXCharts.
Wednesday has ended with most products ending essentially unchanged after a choppy but volatile session, with the exception being oil, where WTI has fallen by 3% due to a shock US inventory build of 4.7 million barrels last week, versus expectations for a decline of nearly 600,000 barrels. Elsewhere it was generally fairly calm, with the FOMC… Read More »
The post 23 May: Oil lower on inventory build. FX mostly sideways, as Fed minutes maintain a steady course. PMIs today. appeared first on FXCharts.
Aside from the early move in the Aud$, Tuesday was a relatively steady session, with stocks the main focus – ending a 0.5%/1% higher – and taking US$Jpy along with it. The Aud$ may see some early activity again on Wednesday with the release of the Construction Work Done and the WBC Consumer Confidence Leading Economic Index although… Read More »
The post 22 May: Trend table outlook for FX, Commodities, Indices appeared first on FXCharts.
Risk aversion eased a little on Tuesday as traders took heart from the US decision to delay the sanctions of Huawei for 90 days, with the stockmarkets ending the session +0.8%/+1.0%, taking US yields and US$Jpy along for the ride as demand for as safe haven diminished. Otherwise markets have generally been fairly rangebound and confined to… Read More »
The post 22 May: Risk aversion eases as Huawei sanctions delayed. Draghi speaking, FOMC Minutes in focus Wednesday appeared first on FXCharts.
Monday was quiet, and with little on the calendar on Tuesday coupled with little directional bias in the trend table, a similar session looks likely today. The main interest appears to lie in the Aud$, where we can expect some RBA inspired volatility, although the charts still suggest a sell on rally scenario. Otherwise the FX markets are… Read More »
The post 21 May: Trend table outlook for FX, Commodities, Indices appeared first on FXCharts.
Monday has been a rather non-descript session as far as FX/commodities are concerned, with the main focus being on the stock markets,. The US indices are down by around 0.5%/1.5%, not liking the developments in the trade issues between the US/China, where neither side shows any sign of backing down on their existing stance, and with the… Read More »
The post 21 May: Increased trade tensions send stocks lower. RBA in focus on Tuesday, along with US/China developments. appeared first on FXCharts.
The US$ remains underpinned at the start of the week and this looks set to continue, particularly against Sterling and the Australian/NZ dollars. In the short term they are all now rather oversold, so we may see a corrective bounce in each but this is only likely to provide a better selling opportunities as lower levels look to… Read More »
The post 20 May: Trend table outlook for FX, Commodities, Indices appeared first on FXCharts.
The US$ ended the week on a firm note, underpinned by weakness in Sterling, which dragged the Euro lower, and also in the Australian and NZ dollars, which both finished on a soft note and look very heavy given the economic issues facing both countries. Cable saw heavy selling on Friday because the Brexit negotiations between the… Read More »
The post 20 May: US$ firm, stocks lower on Friday. FOMC Minutes, PMIs, US Durable Goods – and politics – in focus this week. appeared first on FXCharts.