24 May: Trend table outlook for FX, Commodities, Indices

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 »

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24 May: A volatile ride due to increased trade tensions and economic growth concerns. US D/G in focus today.

  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 »

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

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 »

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23 May: Oil lower on inventory build. FX mostly sideways, as Fed minutes maintain a steady course. PMIs today.

  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 »

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

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 »

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22 May: Risk aversion eases as Huawei sanctions delayed. Draghi speaking, FOMC Minutes in focus Wednesday

  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 »

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21 May: Trend table outlook for FX, Commodities, Indices

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 »

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21 May: Increased trade tensions send stocks lower. RBA in focus on Tuesday, along with US/China developments.

  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 »

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20 May: Trend table outlook for FX, Commodities, Indices

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 »

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20 May: US$ firm, stocks lower on Friday. FOMC Minutes, PMIs, US Durable Goods – and politics – in focus this week.

  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 »

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