22 Feb: Trend table outlook for FX, Commodities, Indices: FXCharts

It all looks rather rosy for the dollar again today, and further gains seem to lie ahead for it against all the other major currencies. Although I would possibly avoid Sterling, which has too many moving parts. Elsewhere, the Aud$ looks particularly heavy and seems to have further downside against the Kiwi in particular.

Gold remains heavy, suggesting further US$ gains while stocks appear set to remain volatile, but possibly without too much direction. I prefer selling into rallies.

Keep an eye on the US bond market. When the 10 Years finally crack 3%, which could happen at any time, there is likely to be a major flush out of the stock markets in particular, although it will be a volatile ride for all the markets.

*Trade of the day: 2/22/2018 8:36 AM (AET)

*This is a personal opinion only, based on the look of the table below, and carries no guarantee of success.

Sell EurUsd @ 1.2315. SL @ 1.2375, TP @ 1.2215

Sell AudUsd @ 0.7835. SL @ 0.7855, TP @ 0.7765

Leave a Reply

Your email address will not be published. Required fields are marked *