A series of bearish long-term trend reversals have been triggered on Gilts, says George Davis, Chief FIC Technical Analyst at RBC Capital Markets.
The spotlight for USDCHF remains on key support at 0.9558/49, below which a large top may form, says David Sneddon and his team at Credit Suisse in London.
Initial signs suggest GBPUSD has completed a medium-term top and its downtrend has resumed, says Tony Sycamore, Director of Australia-based TECHFX TRADERS.
Broad-based participation in the S&P 500 suggests the bullish trend will continue, says Ari Wald, Technical Analyst at Oppenheimer.
A break below the recent low of 60315 would signal the start of a more significant move down for Brazil’s Bovespa, according to David Sneddon and his team at Credit Suisse in London.
The S&P 500 has finally broken out of its 2330 to 2400 range and the 2400 level should now act as support for any pullback, according to Ron Meisels at Phases & Cycles.
The long-term uptrend in the S&P 500 is intact but momentum is lacking in the medium term, according to Andy Dodd, Head of Technical Research at Louis Capital Markets.
The combination of tighter monetary policy by the Fed and accommodative policies overseas suggests the US yield curve should flatten further, says Ari Wald, Technical Analyst at Oppenheimer.
We have just had the biggest week of equity inflows ($24.6bn) since the US election and the second largest week of inflows to Wall Street ever, says Michael Hartnett, Chief Investment Strategist at BofA Merrill Lynch Global Research.
A bearish signal could soon be confirmed for Aluminium, says James Dima, technical analyst at Marex Spectron.