A candlestick pattern on the weekly S&P chart suggest there is more downside to come in the medium-term, according to Andy Dodd, Head of Technical Research at Louis Capital Markets.
Whilst there are no signs of a reversal in the broader downtrend for the US 2 vs 10 year swap curve, signs are beginning to appear that a correction will occur, according to George Davis at RBC Capital Markets.
After three months on the sidelines AUDNZD is now firmly back in play, according to Tony Sycamore at Commonwealth Bank of Australia.
A large move is pending for Brent Crude, according to James Dima, technical analyst at Marex Spectron.
EURUSD has completed a bull market correction and may be on the brink of a precipitous move down, says Walter Zimmermann, Senior Technical Analyst at United-ICAP.
A small “swoon in June” should see the end of the corrective period for US and UK equities, according to Ron Meisels at Phases & Cycles. Thereafter the markets should push back towards the highs made last year.
Conditions are in place for a breakout to new highs for the S&P 500, according to Ari Wald, Technical Analyst at Oppenheimer.
A positive MACD crossover has been confirmed on 3 Month LME Copper, 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 key stocks.
The move lower for NZDUSD has been slow and unconvincing, says Tony Sycamore at Commonwealth Bank of Australia, but a break below key support at 0.6700 could lead to the move lower accelerating.