USD/CAD is undergoing a correction caused by stronger employment numbers and a break below the technically important 1.1384 support, according to George Davis, Chief FIC Technical Analyst at RBC Capital Markets.
Despite short-term downwards pressure over the next few weeks the Bund is likely to move sideways in the longer term, says BNP Paribas Personal Investors.
A monthly candlestick is causing concern for Andy Dodd, Head of Technical Research at Louis Capital Markets, who remains cautious on the S&P 500 despite the recent strong rally.
The US dollar remains the purest play on US “escape velocity” and is BAML’s highest conviction asset allocation decision, according to Michael Hartnett, Chief Investment Strategist at BofA Merrill Lynch Global Research.
Equities should be owned over bonds, US equities should be owned over world equities, and US large-caps should be owned over US small-caps, according to Ari Wald, Technical Analyst at Oppenheimer, who views “the S&P 500 as king.”
Recent USD strength hints at the start of a sustainable recovery to as high as 107 for the US dollar index, according to Peter Lee, Chief Technical Strategist at UBS in New York.
Key support for Gold at around 1180 finally gave way recently, allowing gold to resume the bear trend which has been in force since September 2011, according to Kamran Sheikh, Technical Strategist at Informa Global Markets.
Riccardo Ronco, Head of Technical Analysis at Aviate Global in London, suggests adding flow data to an analysis of any ETF and presents an example for gold.
USD/ZAR needs to close above a key double top to trigger a new phase of bullish price momentum, according to George Davis, Chief FIC Technical Analyst at RBC Capital Markets.
Investor confidence fell in October by 8.8 points to 115.1, as measured by the State Street Investor Confidence Index (ICI®).