The repeated failure of EURUSD to break a short-term trendline points to further losses for the euro, says George Davis at RBC Capital Markets.
GBPUSD needs to break back above 1.57 in order to confirm the yearly low of around 1.50, according to Chris Williams at Newedge SocGen.
Walter Zimmermann at United-ICAP explains why Wall Street analysts have had such a poor track record in forecasting crude oil prices. He gives 5 reasons why the recent decline in prices was not anticipated by analysts.
Based on a 15-20 year equity bull/bear cycle, US stocks will remain subdued until 2018, says Martin Pring of Pring Turner Capital Group.
GBPEUR is set to target the 1.40-1.50 region, says Riccardo Ronco at Aviate Global. Prices are breaking multi-year highs with a monthly MACD at its highest level since 2001 coming after the break of the 2000 resistance trend in January.
The upside breakout of the Europe STOXX 600 from long-term resistance bodes well for a continued rally of the S&P500 above 2000 due to the close correlation between the two indices, says Ari Wald at Oppenheimer. The STOXX600 has also broken significantly above its 200-day moving average in reaching new multi-year highs.
Elliott Wave forecasts for WTI crude have been effective in anticipating the decline in oil and suggests that the price has further to fall, says Walter Zimmermann at United-ICAP. 2011 projections showed Fibonacci levels targeting $45. Forecasts now from an ABC correction target WTI at $25.
Stock market data going back to 1876 shows that momentum remains a profitable strategy and that momentum market crashes are to some extent predictable, says research headed by the Federal Reserve Bank of Chicago.
Investors in US equities should favour Value stocks over Momentum stocks, according to Lakos-Bujas Dubravko, US Equity Strategist at J.P.Morgan.
The US dollar is set for a major reversal against the Norwegian Krone following a string of upside gains, says Chris Williams at SocGen Newedge.