The US Dollar Index has been capped at its 200-day moving average and the risk is that it now turns back lower for a resumption of the sell-off, according to David Sneddon and his team at Credit Suisse in London.
All eyes are on the 12k line of Egypt’s EGX30, according to Ron William, director at RW Advisory.
Bitcoin has moved back above both its trend channel resistance and 200-day moving average – a positive bullish development according to Tony Sycamore at TECHFX TRADERS.
The MSCI World Index has left a series of higher lows on each of its recent pullbacks, which Andy Dodd, Head of Technical Research at Louis Capital Markets, says indicates the uptrend is still intact.
Brexit optimism is fuelling a significant shift in sentiment for GBPUSD, according to George Davis, Chief Technical Strategist at RBC Capital Markets.
The result of the Canadian election has left USDCAD testing its long-term uptrend, says David Sneddon and his team at Credit Suisse in London.
A bullish pattern on the S&P 500 has been triggered, says Frank Cappelleri, Chief Market Technician at Instinet.
The break and close above downtrend resistance at the end of last week is an indication that a medium-term low is in place for EURUSD, according to Tony Sycamore, Director
Significantly fewer stocks participated in the last S&P rally, warns Andy Dodd, Head of Technical Research at Louis Capital Markets.
Bond markets remain bullish as the market takes a defensive approach to risk, according to George Davis at RBC Capital Markets.