Industrial metals give bullish outlook for ZAR
Industrial metals are having more of an impact on the South African Rand (ZAR) than Gold, according to George Davis, Chief Technical Strategist at RBC Capital Markets.
2020
Top forming for Growth/Value ratio
The US Growth/Value ratio is at a critical juncture, according to David Sneddon and his team at Credit Suisse in London.
S&P stretched but still bullish
The S&P remains in a short-term uptrend channel with momentum having picked up after it broke above 3392.5 on 24 August, according to Andy Dodd at Louis Capital Markets at Louis Capital Markets.
RBC raises target for US 10-year yields
George Davis, Chief Technical Strategist at RBC Capital Markets, has raised his 1 to 3 month target for US 10-year yields to 0.85%.
Gold in Wave IV correction
Elliott Wave specialist Tony Sycamore at TECHFX TRADERS says gold remains strong in the medium-term.
Markets wobble but won’t fall down
George Davis at RBC Capital Markets says a shift in the risk backdrop may be at hand, which would usher in a corrective period, but one key technical ingredient is missing: confirmation of trend changes and reversal patterns.
USD winding up for another fall
The USD is extending its consolidation phase, unwinding the oversold condition to leave the bear trend in a better condition to eventually resume, according to David Sneddon and his team at Credit Suisse.
Short-term clouds for NASDAQ
The NASDAQ is looking bearish in the short-term, according to Andy Dodd, Head of Technical Research at Louis Capital Markets.
Lower targets emerging for FTSE
The FTSE 100 has completed a top and will likely begin a concerted move lower, according to David Sneddon and his team at Credit Suisse in London.
Indecision continues for S&P
There is still no clear indication where the S&P 500 is going next, according to Tony Sycamore, Director of Australia-based TECHFX TRADERS.