EURJPY has established a bullish “outside week” and will likely target its next major barrier at around 139.00, according to David Sneddon and his team at Credit Suisse in London.
The bull trend for FTSE is still intact but strength is proving progressively more difficult to maintain, according to Michael MacDonald, Head of Research at UK-based independent research firm XATS.
Michael Hartnett, Chief Investment Strategist at BofA Merrill Lynch Global Research, is forecasting a decline in the S&P 500 to 2686 by the end of Quarter 1.
Peter Lee, Chief Technical Strategist at UBS in New York, gives his technical outlook for 49 key US stocks.
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.
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.
Copper looks ready to break out of its historically narrow trading range, according to James Dima, technical analyst at Marex Spectron.
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.
WTI is penetrating its 200 month moving average, a key level according to James Dima, technical analyst at Marex Spectron.
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.