Frank Cappelleri, Chief Market Technician at Instinet, thinks that Software stocks are the ‘true’ market leaders for US equities.
The EURO STOXX Banks index (SX7E) is continuing its rally off the neckline of an inverse head-and-shoulders pattern with no clear resistance in sight until beyond 100.00, according to Andy Dodd at Louis Capital Markets.
USDRUB has breached key support and is heading towards the 60.00 area, say David Sneddon, Pascal Zingg and James Gilbert at Credit Suisse in London.
The S&P 500 is overbought and bearish divergences are appearing, says Robert Colby, Chief Investment Strategist at Robert W. Colby Asset Management.
EURUSD’s recovery and consolidation above 1.1300/20 confirms the decline to the 1.1176 low was a false break, according to Tony Sycamore, at TECHFX TRADERS.
London, 29 April 2019
The Dow Jones Industrial Average is targeting its 200-day moving average at 25,125, according to James Dima, technical analyst at Marex Spectron.
EURUSD is undervalued according to EU-US yield curve dynamics, says George Davis, Chief FIC Technical Analyst at RBC Capital Markets.