On Friday the S&P 500 broke above its 200-day moving average following a move above its 50-day MA in January.
Whilst the FTSE 100 rally has stalled recently, Andy Dodd at Louis Capital Markets expects it to resume once the market pulls back to near 6927.
Tony Sycamore, Director of Australia-based TECHFX TRADERS, thinks the S&P 500 has completed its correction and the medium-term outlook is now bullish.
A bullish long-term signal occurred for Soybeans last week, according to James Dima, technical analyst at Marex Spectron.
Following this week’s Fed decision to effectively remove its tightening bias the USD is looking vulnerable, says George Davis, Chief FIC Technical Analyst at RBC Capital Markets.
Global investor confidence underwent “a warp-speed deterioration” in January, according to Kenneth Froot at State Street Associates.