The current rally in the US 10 Year Yield is unlikely to overcome its long-term downtrend, says Andy Dodd, Head of Technical Research at Louis Capital Markets.
Despite the rise in the EURO STOXX 50 since mid-2016, it has performed poorly on a relative basis versus the S&P 500 and may be about to fall further behind, according to Ari Wald at Oppenheimer.
The US Cyclical/Defensive ratio has trended strongly upwards since mid-2016 and surged even higher of late, but David Sneddon and his team at Credit Suisse think a reversal is forthcoming.
A recipe for a US dollar correction is brewing, according to George Davis, Chief FIC Technical Analyst at RBC Capital Markets.
The S&P’s correction may last until early Spring according to Ron Meisels at Phases & Cycles, though he is confident that the underlying major uptrend will resume thereafter.
In their latest Quarterly Global Macro Overview, the technical analyst team at Bloomberg show how Relative Rotation Graphs™ can be used to highlight which of the global equity indices are leading and which are lagging.
Bitcoin’s decline is being held-up by its 200-day moving average, according to Ron William and Robin Griffiths, strategists at RW Advisory.
Soybean Meal is overbought and could soon fall significantly, says James Dima, technical analyst at Marex Spectron.
EURUSD will target 1.4000/1.5000 in the medium-term, though a pullback before then is likely, says Tony Sycamore, Director of Australia-based TECHFX TRADERS.
The 30-year US Treasury bond may be approaching a major inflection point, according to Peter Lee at UBS Wealth Management Research.