12 June: Trend table outlook for FX, Commodities, Indices

By | June 12, 2018

The markets generally look rather indecisive at the start of Tuesday trade and it could remain so for a while, at least until we see some kind of reaction to the Trump/Kim meeting, beyond which, traders will have one eye on Wednesday’s FOMC Meeting. The currencies are offering very little indeed, as are the crosses, so I would take a nimble stance right now on all the pairs in the table.

Elsewhere, stocks look to have further upside potential although this will depend on risk sentiment following the trump/Kim meeting, and also on further developments in the ongoing trade talks, which don’t appear to be heading towards a happy ending, as well as the FOMC decision, tomorrow.

No trade ideas today.