Pullback begins for S&P?
The S&P 500 has suffered its worst daily decline since August and its worst two day decline since May, suggesting a pullback has begun and volatility is now returning to the market, says Frank Cappelleri at Instinet.
January 2018
Trading inversions in the VIX curve
Dan Russo, Technical Analyst and Principal of Institutional Sales at Needham & Company LLC in New York, looks at VIX curve inversions and describes how they are usually a harbinger of short-term rallies for the S&P 500.
Breakout imminent for Copper
Copper looks ready to break out of its historically narrow trading range, according to James Dima, technical analyst at Marex Spectron.
USD selloff has further to go
The US Dollar Index has retraced 50% of its 2011 to 2017 rally but still has further to go, according to George Davis, Chief FIC Technical Analyst at RBC Capital Markets.
Next major hurdle for WTI is 79
WTI is penetrating its 200 month moving average, a key level according to James Dima, technical analyst at Marex Spectron.
Gold gaining momentum
Investor sentiment continues to improve for Gold, according to Michael MacDonald, Head of Research at UK-based independent research firm XATS, who thinks there are early signs of an asset rotation into commodities.
S&P 500: Pullback imminent?
The S&P 500 has reached the top of its uptrend channel, but has not yet signalled the beginning of a correction, according to Andy Dodd, Head of Technical Research at Louis Capital Markets.
1.40 target for EURUSD
EURUSD’s close above 1.2150 opens the way for a move towards 1.4000/1.5000 in the medium-term, says Tony Sycamore, Director of Australia-based TECHFX TRADERS.
China resumes uptrend
The Shanghai Composite’s rise above the previous cycle high of 3541 suggests a resumption of the uptrend is taking place, according to David Sneddon and his team at Credit Suisse in London.
Bitcoin drawn towards price gap
Bitcoin will likely fall further to target a large price gap that exists between 8325 and 9192, according to Ron William of RW Advisory in an interview with IG TV.