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12 Jan: Indices/Commodities Outlook by FX Charts

INDICES/COMMODITIES S&P Futures 2035 The US indices have been highly volatile since the new year, and the S+P, after having fallen from another all time high of 2086 (29 Dec) to the 6 Jan low of 1984, has since recovered well, to finally finish the week pretty much in the middle of that range. A […]

Barclays: Trade idea for the week ahead- short cable

Short GBPUSD: A soft run of economic data has been weighing on GBP lately and the small downside surprise we expect from UK CPI this week (Tuesday, BC: 0.6% y/y, consensus: 0.7%) will likely add further downward pressure to the pair. The post Barclays: Trade idea for the week ahead- short cable appeared first on […]

Early morning FX rates Jan 12

The post Early morning FX rates Jan 12 appeared first on www.forextell.com.

NZD/USD approaching upper side of range

NZD/USD is currently testing the falling trendline resistance from the November/December highs and could test soon the pivotal 0.7860 level. I’m not keen on taking new positions ahead of the NFP tomorrow, but unless the US employment figures will be terrible, I see the overall range in NZD/USD remaining intact in the near future and […]

Global Markets – S&P rallies; Oil consolidating

Risk-on! The S&P 500 is up 1.70 % on the day and almost back to flat on the year, while the DJIA is slowly heading towards the 17.900 level. USD/JPY didn’t follow the move in equities this time. Solid offers ahead of 120.00 have capped the topside so far and some EUR & GBP short […]

AUD/USD Trade Idea + 80c Support Zone

Of course this AUD/USD 80c zone is a big support level. If my Twitter conversations are anything to go by, every man and his dog is watching it for a buy and looking to at least build into some sort of position. These institutional levels that you read online are often just obvious levels every […]

FX pairs parked at major levels ahead of NFP BUT this has some benefit!

The last 24 hrs have seen rather choppy FX action as although ADP payroll data helped to boost the USD FOMC Minutes undermined optimism here somewhat. The Minutes observed Fed optimism about the US economy but noted concern for the broader global economy. Most FX pairs are now parked at major S/R levels whilst the markets […]

EURUSD: Euro choppy following FOMC Minutes. Focus turning to NFP, tomorrow.

EUR/USD: 1.1849 The Euro fell to as low as 1.1800 in the hours ahead of the FOMC Minutes, before a mild bounce. The release of the minutes actually had minimal impact as they merely re-emphasized the message that the Fed had put out at the time of the meeting, although the Euro is squeezing a […]

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