Positive outlook for US equities
Peter Lee, Chief Technical Strategist at UBS in New York, gives his technical outlook for 50 key US stocks.
July 2016
S&P: Buy the dips
The recent S&P breakout confirms the next leg of an advance and US equities should be owned, according to Ari Wald, Technical Analyst at Oppenheimer.
An important week for equities
This week’s price action is likely to prove crucial for equities, according to Andy Dodd, Head of Technical Research at Louis Capital Markets.
EURUSD: Watch for break of 1.09
Elliott Wave analysis suggests EURUSD will head close to parity should the 1.09 level fail, says Tony Sycamore, Director Institutional Foreign Exchange at Commonwealth Bank of Australia.
Soybeans turn bearish
Soybeans have entered into a long-term bear market, says James Dima, technical analyst at Marex Spectron.
US Credit Risk Appetite too high
The markets’ appetite for US credit risk has reached levels of “euphoria”, according to David Sneddon and his team at Credit Suisse in London.
GBPUSD heads towards 1.15
GBPUSD will soon be retesting its lows and looking to develop a market bottom some time in Q4 2016 / early 2017, according to Ron William, Technical Strategist at ECU Group in London.
S&P bull market alive and well
The S&P 500 has broken out from its large year-long “W” formation, potentially a very bullish development, says Ron Meisels, President of independent research house Phases & Cycles.
Downside risk for GBPUSD
GBPUSD remains under pressure and capped beneath its 21-day moving average and resistance at 1.3482 to 1.3535, says David Sneddon and his team at Credit Suisse in London.
Year-end rally for S&P
The S&P 500 will rally towards 2250 by year-end, according to Ari Wald, Technical Analyst at Oppenheimer.