Weekly outlook for Commodities

Forex Market Updates

Comments: The CRB index hit another record.  Grain prices exploded to the upside on the back of Friday’s Crop progress and Supply Demand reports.  We mentioned last week that the current up trend in commodities is reaching unsuitable levels.  This continues to be true so be careful with any new long entries at current levels. …

Weekly outlook for Majors

FX Trading

Comments:
Last week played out much like we expected. The RBA did raise rates while the BOE cut and the ECB did nothing. This week we do not have a lot of new data coming out so look for more range bound action this week. We continue to see the Dollar struggling in the near term but ultimately still holding support well above the double bottom lows near 75.

Aud

Bank Flow

now entering sell at top of hold level posted earlier, but will stay tight with it because of time of day.  So will go to breakeven real quick or close if level doesnt hold and look to reenter sell 30-40 pips higher from 9050.