A daily close below support at 1.3120 would cause the current sideways consolidation in USDCAD to turn into a deeper corrective phase, according to George Davis at RBC Capital Markets.
Although sentiment indicators are at a pessimistic extreme and suggestive of a contrarian buy signal, Ari Wald, Technical Analyst at Oppenheimer, urges caution.
Range bound equity markets should be interpreted as bearish continuation patterns, according to Andy Dodd, Head of Technical Research at Louis Capital Markets.
The risks to the S&P are to the downside while it remains below 2040/50, according to Tony Sycamore, Director Institutional Foreign Exchange at Commonwealth Bank of Australia.
The Bull & Bear Index of investor sentiment is at its most bearish reading since August 2011 and indicating a contrarian buy signal.
Walter Zimmermann, Senior Technical Analyst at United-ICAP, gives his short- and long-term outlook for 10 Year US interest rates.
The outlook for Brent Crude remains bearish and will continue to be so until it breaks above the cloud on ichimoku charts, according to David Linton, Chief Executive at Updata.
Peter Lee, Chief Technical Strategist at UBS in New York, gives his technical outlook for 69 large cap stocks.
Tristan Abet, Investment Strategist at Louis Capital Markets. investigates why emerging market currencies with strong fundamentals are underperforming developed currencies with weak fundamentals.
Robin Griffiths, Chief Technical Strategist at ECU Group in London, talks about his ‘roadmap’ for the markets, the importance of demographic trends, the future of technical analysis, and much more.