Andy Dodd, Head of Technical Research at Louis Capital Markets, suggests being short equities, long gold and short USD ahead of this week’s ECB meeting.
The Canadian Dollar is heading below 73.00, according to James Dima, technical analyst at Marex Spectron.
Bearish forces are not going to have an easy time defeating the seven-year bull market, says Ron Meisels, President of independent research house Phases & Cycles.
With the 50-day moving average moving back above the 200-day MA, gold prices are set to put pressure on the $1250 resistance level, according to Riccardo Ronco at Aviate Global.
Ned Davis Research Group ask what it would take to make them bullish on oil. They point out that rallies often await on the other side of super contango, yet they remain bearish on crude oil for the time being.
Seasonality will lift Brent Crude for the next few months but after that downward pressure will prevail for the rest of the year, according to David Linton, Chief Executive at Updata.
GBPUSD has broken below a bearish rising wedge and is heading towards parity, says Walter Zimmermann, Senior Technical Analyst at United-ICAP.
Prices are close to breaking 2-year support levels on EURJPY, according to Riccardo Ronco, Head of Technical Analysis at Aviate Global.
A broad based commodities rally may soon be upon us, according to James Dima, technical analyst at Marex Spectron.
Peter Lee, Chief Technical Strategist at UBS in New York, gives his technical outlook for 69 large cap stocks.