10 year US bond yields have broken through key resistance confirming a large double bottom reversal pattern, according to David Sneddon and James Gilbert at Credit Suisse in London.
The RSI on the WTI-Brent spread is at a level associated with an impending rally, says James Dima, technical analyst at Marex Spectron.
Just ten percent of fund managers expect faster global growth over the next 12 months, according to the latest results from the BofA Merrill Lynch Fund Manager Survey.
EURUSD has broken down and will head even lower over the next two to three months, though it will probably experience a small counter-trend reversal first, according to The Capital Observer.
Emerging market equities are hovering above key support and threatening to turn significantly lower, according to David Sneddon and James Gilbert at Credit Suisse in London.
The USD has posted a number of bullish trend reversals against the G10 currencies and will likely continue its path upwards in the medium-term, according to George Davis at RBC Capital Markets.
Peter Lee, Chief Technical Strategist at UBS in New York, gives his technical outlook for 49 key stocks.
The US 10-year yield is testing key resistance between 3.00 and 3.05, according to George Davis, Chief FIC Technical Analyst at RBC Capital Markets.
Despite the well-known and often prophetic “sell in May and go away” market adage, Ari Wald, Technical Analyst at Oppenheimer, remains optimistic for the S&P.
Yesterday’s opening gap higher on the FTSE was rejected and resulted in a Bearish Engulfing candle, a sign of limited further upside or even a bearish reversal signal, according to Andy Dodd at Louis Capital Markets.