A large price move is due on Eurodollar futures, says James Dima, technical analyst at Marex Spectron.
A major fall for US equities is expected this autumn, says Ron William, market strategist at RW Market Advisory.
USDCAD has rallied to test the top of its range and will likely fall back towards support around 1.3030, according to David Sneddon and his team at Credit Suisse in London.
The S&P 500’s 3.4% decline since August is meager in comparison to prior pullbacks, says Ari Wald, Technical Analyst at Oppenheimer, but it’s enough for his bottoming indicators to have reached buy-able thresholds.
A daily close below key resistance for AUDUSD would bring 0.7050 into play as the next downside target, says Tony Sycamore, Director Institutional Foreign Exchange at Commonwealth Bank of Australia.
Numerous reversal patterns were left on last week’s charts, says Andy Dodd, Head of Technical Research at Louis Capital Markets, suggesting the start of a prolonged pullback in equities.
An inverted head-and-shoulders pattern is forming on crude oil, says Tony Sycamore at Commonwealth Bank of Australia.
A move above key resistance has opened up bullish possibilities for the Bund, according to Andrew Gebhardt and Tom Read of HPC SA.
Stock markets are making new highs and looking bullish on most fronts but India’s SENSEX still remains one of the most attractive markets globally, says David Linton, Chief Executive at Updata.
European equities are breaking higher and Japan may follow suit shortly, according to Ari Wald, Technical Analyst at Oppenheimer.