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Winners Announced

Awardsmain
The Technical Analyst announced the winners and runners-up of the 2014 awards at its annual awards dinner that took place on April 24 at the Le Meridien Piccadilly Hotel, London W1.

Latest Research and Commentary

inhouse

GBP/USD and FTSE may struggle for further gains

Levels above 1.7000 may prove hard to sustain for Cable in Q3 according to analysts at 4Cast. A further short-term rally followed by a downward correction is most likely, targeting the 1.6500 area. The FTSE may seen limited gains but 7000 is a significant resistance level even if the all-time high of 6951 is breached.
SP-500

Stocks outlook bullish but EUR heading lower

The outlook for the major stock markets remains bullish but the euro is set for further losses, according to Maxime Viemont at BNP Paribas. This is because the S&P and the major European indices remain within their upward bullish channels. The euro is now targeting 1.2750 and below.
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Commodity super bull cycle still intact?

The outlook for the S&P500 is still uncertain despite the recent rally and the commodities super cycle remains intact judging by the Bloomberg Commodities Index trend from 1999. Peter Lee of UBS also discusses the dollar and US 10-year Treasuries.
IPO

S&P500 in ‘bubble’ scenario

Bearish divergence in sentiment and momentum for the S&P500 that now exists is only seen in bubble markets, says Walter Zimmermann at United-ICAP. He also gives his views for the Shanghai index, US Treasuries, FX, and a wide range of commodity markets.
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Equities

FTSE future bullish despite resistance at 6861

FTSE-index-stock-prices-006
The long-term uptrend of the FTSE future remains intact, gaining further strength after this month’s rally off support at 6669.5, writes Andy Dodd at Louis Capital Markets. However, strong resistance remains in place at 6861.5, a significant barrier to gains beyond this level.

Low VIX suggests no top in stocks

VixOPCO
The current low level of the VIX suggests that stocks are not at a top as is being widely claimed, says Ari Wald at Oppenheimer. Previous declines in the VIX below 15 have usually been followed by periods of above average performance in the S&P500.

Fixed Income

COT report suggests no top in 10 year T-bonds.

BFevent
Sentiment measured by the Commitment of Traders Report suggests that a major top (yield low) in the 10-Yr Treasury is not on the cards. says Mike Sacchitello at Stone & McCarthy. This is because there is no significant contrarian signal of an extreme in the large speculators less commercial hedgers.

Strategies and Techniques

FX

USDINR continues to meet resistance at 60.40

rupee
The dollar continues in failing to make gains versus the India Rupee meeting resistance at the 60.40, a Fibonacci retracement level, says Chris Williams at Soc Gen. Along with a weak RSI reading this, he says, provides a good selling opportunity with a target of 58.23 over the coming months.

GBPUSD faces resistance to further gains

ADS
Cable faces resistance to further gains despite touching a year high at 1.7179 last week, say analysts at ADS Securities. A short-term overbought scenario now exists that could see the pound test 1.7000/15. On the upside, a move through the 1.7177 would still see gains limited in the near-term.

Commodities & Energy

Gold to move to $1100 before rally

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A triangle breakout will bring a downward move to $1100 for gold before a countertrend rally is seen, says Tarun Dang at Trendwise. A decline will also form a 5th wave of an Elliott Wave pattern thereby reinforcing the conviction of a possible downward break.

Software & Technology

Updata connects to Trading Technologies

Updata
Updata has added Trading Technologies’ direct execution to its charting and technical analysis platform. With direct access to Trading Technologies, Updata users can now deal straight from charts and set trading alerts off backtested strategies.