Prospect of summer rally for S&P
US equites are robust and ready to go, according to Ron Meisels at Phases & Cycles.
July 2017
EURGBP enters a new range
EURGBP’s surge higher on Tuesday took it above key resistance, neutralising thoughts of a top and leaving it trading in a new sideways range, says David Sneddon and his team at Credit Suisse in London.
Emerging markets reverse 10-year downtrend
Ari Wald of Oppenheimer’s “chart of the week, month, and potentially year” is a chart of the iShares MSCI Emerging Markets.
Wheat gets cobbered
A bearish signal has been confirmed for the Wheat vs Corn spread, says James Dima, technical analyst at Marex Spectron.
EURUSD at crossroads
EURUSD is close to its post-French election target of 1.1500 and is now at level where it is “impossible to have a position either way”, says Tony Sycamore, Director of Australia-based TECHFX TRADERS.
Potential top for Crude
Crude is trading around the neckline of a potential medium-term bearish reversal pattern, says Andy Dodd, Head of Technical Research at Louis Capital Markets.
Risk of near-term top for EURUSD
Trend resistance continues to cap EURUSD’s move upwards, according to David Sneddon and his team at Credit Suisse in London.
Short-term top for US 10-year?
The US 10 year note appears to have completed a four-month corrective bounce and the risk is now to the downside, says Tony Sycamore, Director of Australia-based TECHFX TRADERS.
Transports confirm bull cycle
The Dow Jones Transportation Average rallied to a new high last week, reaffirming the equity bull cycle, says Ari Wald, Technical Analyst at Oppenheimer
S&P hits choppy waters
The S&P 500 is finding it difficult to get above the mid-2400s and is pulling back towards its 50-day moving average, says Ron Meisels at Phases & Cycles.