Indices/Commodities Outlook

INDICES/COMMODITIES S&P Futures 2079 The S+P is pretty much unchanged today after having recovered from a low of 2069 and appears content to use the 100 DMA (2080) as a pivot. …
0 Comments Read more →

USDJPY: US$Jpy steady. EURJPY the big winner. Much higher levels ahead?

 US$Jpy had a choppy but sideways range today, either side of 124.00(123.7/124.67), with the main action being driven by the surge in EurJpy, which has broken cleanly up through t …
0 Comments Read more →

EURUSD: US$ surges after Yellen/CPI. Euro opening heavy on w/e press stories re Greece

EUR/USD: 1.1007 The Euro is opening right on 1.1000 after a weekend article in the FT, quoting Greek interior minister as saying that Syriza narrowly rejected a call to stop repayi …
0 Comments Read more →

USDJPY: Dollar makes highest daily close since 2007. More to come?

USD/JPY: 121.50 After an early European dip to 120.63,  US$Jpy turned sharply higher on the release of the US CPI to reach 121.57, settling the week at the highs, assisted by Jane …
0 Comments Read more →

Indices/Commodities Outlook

  INDICES/COMMODITIES S&P Futures 2124 No change in view.  Despite Friday’s slightly upbeat CPI release and Janet Yellen’s optimistic outlook on the economy, the S+P …
0 Comments Read more →

GBPUSD: Cable stronger after UK Retail Sales. Carney speaking today

GBP/USD: 1.5659 Sterling had a sharp move higher after the release of the April UK retail sales, which easily beat expectations, by rising 1.2% (vs 0.4% exp mm) and was an impressi …
0 Comments Read more →

Indices/Commodities Outlook

  INDICES/COMMODITIES S&P Futures 2128 No change in view.  The S+P had another choppy but directionless session, below the previous day’s all time high at 2133 level (2 …
0 Comments Read more →

EURUSD: Euro choppy ahead of a busy end to the week. US CPI; Draghi/Yellen speeches to come

EUR/USD: 1.1111 EU data was mixed today with the Eurozone Mfg PMI flash coming in at PMI 52.3, above the expected 51.8, while Germany went the other way, only reaching 51.4 (vs 52. …
0 Comments Read more →

Indices/Commodities Outlook

  INDICES/COMMODITIES S&P Futures 2120 The S+P made a new all time high on Friday, reaching 2122 before closing at 2120 although the move up was not confirmed by new high …
0 Comments Read more →

FX Charts technical outlook: EURGBP; EURJPY; GBPJPY; EURAUD

EURGBP: 0.7400 EURGBP: The cross moved sharply higher last week as Greece concerns faded, while at the same time the UK Election came firmly into focus. Technically, further upsid …
0 Comments Read more →