Investors are undoubtedly “risk-on”, says Michael Hartnett, Chief Investment Strategist at BofA Merrill Lynch Global Research, in response to the latest weekly fund flows data.
Given the sharp sell-off earlier this week it’s hard to be anything but bearish for AUDUSD, says Tony Sycamore, Director Institutional Foreign Exchange at Commonwealth Bank of Australia.
A shooting star top on the weekly chart and a potential shooting star on the monthly chart look ominously bearish for the Euro, according to Walter Zimmermann, Senior Technical Analyst at United-ICAP.
Brent Crude prices are falling back and the $45 level looks like it will come under pressure, according to David Linton, Chief Executive at Updata.
There is no reason to be short the S&P 500 from here in the medium-term, according to Andy Dodd, Head of Technical Research at Louis Capital Markets.
Congestion has been building for the December 2015 10-Year US Treasury Note and James Dima, technical analyst at Marex Spectron, says an at the money straddle will be a good way to trade the eventual breakout.
Now that the S&P rally has achieved Oppenheimer’s target of 2060, their technical analyst Ari Wald asks what’s next.
The S&P 500 Retail Index has grown at three times the rate of the S&P 500, says Riccardo Ronco, Head of Technical Analysis at Aviate Global, who thinks there is good reason to hold the S&P 500 Retail ETF rather than SPY.
Elliott Wave theory suggests there will be one more leg up for the WTI-Brent crude spread, according to Walter Zimmermann, Senior Technical Analyst at United-ICAP.
Ryan Bertrand, Southampton and England footballer, has launched a new London-based brokerage that aims to bring artificial intelligence and machine learning strategies to the wider trading community.