11 July: Trend table outlook for FX, Commodities, Indices: FXCharts

The heat map is showing a lot of blue on Wednesday highlighting the indecision in the markets because of the possibilities of a full blown trade war. The late US announcement that the POTUS will shortly release a list of goods affected by tariffs, amounting to $200 bio, will ensure that traders remain nervous.

Overall the table suggests that a fairly cautious stance is required, but I still prefer o look for levels to buy dollars.

Stocks still look healthy in the medium term, although they have taken a dip late in the day, on the tariffs headline.

No trade ideas today, wait to see the outcome of the latest tariffs stories….

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