December is typically one of the best performing months of the year for the S&P 500 and gains are even stronger when the index starts the month in an uptrend, according to analysis by Ari Wald, Technical Analyst at Oppenheimer.
GBPUSD is hitting trendline resistance level and if it fails to break through then a move towards 1.20 seems likely, says Tony Sycamore, Director of Australia-based TECHFX TRADERS.
The S&P 500 may be due for a counter-trend reaction, according to Robin Griffiths and Ron William, technical strategists at RW Market Advisory.
The Technology sector is a prime candidate to lead equities higher over the coming quarters, according to Ari Wald, Technical Analyst at Oppenheimer.
A close above its 55-day moving average would confirm the uptrend has resumed for EURUSD, says David Sneddon and his team at Credit Suisse in London.
Pullbacks of between 2.5 and 4.0 perecent are expected for US equity markets, according to Ron Meisels at Phases & Cycles.
The recent break and close above $55.21 confirms the next leg higher is underway for crude oil, according to Tony Sycamore, Director of Australia-based TECHFX TRADERS.
Tim Hayes, Chief Global Strategist at Ned Davis Research Group, addresses the question of when will rising interest rates threaten equities.
GBPUSD is on the brink of a major shift in sentiment following last week’s Bank of England rate decision, says George Davis, Chief FIC Technical Analyst at RBC Capital Markets.
Peter Lee, Chief Technical Strategist at UBS in New York, gives his technical outlook for 49 key stocks.
