10 Sept: Trend table outlook for FX, Commodities, Indices

By | September 10, 2019

The Financial markets were fairly rangebound on Monday, with little real action as traders now look towards the ECB Meeting on Thursday. With another quiet calendar today it may be a similar session so I would not be looking for too much although the positive risk sentiment seems set to continue for the next 24 hours. The Jpy and the Chf look to be under pressure, as do the metals, which comes about as traders unwind safe haven positions. On the other hand, the Aud$ and the Nzd$ both look relatively underpinned although they may be a little toppish in the short term.

Sterling looks mildly positive although it remain very choppy and is best avoided.

Stocks look set to remain choppy although the overall bias seems to remain to the upside.


*Trade of the day: September 10, 2019; 6:53 AM(AET)                  

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

All trades are good till 5.00pm NY time. All “in the money trades” should have the SL raised to break-even, or managed manually. All “out of the money trades” should keep original SL in place.

Sell EurUsd @ 1.1090. SL @ 1.1125, TP @ 1.1000

Buy EurUsd @ 1.1000. SL @ 1.0975, TP @ 1.1100

Sell AudUsd @ 0.6890. SL @ 0.6915, TP @ 0.6800

Buy AudUsd @ 0.6845. SL @ 0.6815, TP @ 0.6885

Buy NzdUsd @ 0.6390. SL @ 0.6355, TP @ 0.6450

Sell Gold @ 1515. SL @ 1530, TP @ 1490