US Discretionary outperforming
The US consumer is yet to show signs of cracking despite mounting cases of Covid-19, says Sejul Gokal, Chief Technical Strategist at GO-TechniKAL Insight.
Multi-Asset
Top complete for USDCNY
USDCNY has fallen sharply following completion of a head-and-shoulders top, say David Sneddon and his team at Credit Suisse in London.
Pullback continues for Bitcoin
The 200-day moving average is the ideal pullback target for Bitcoin, according to Tony Sycamore, Director of Australia-based TECHFX TRADERS.
Commodities have bottomed out
“The ballooning Fed balance sheet is a party for gold,” says George Davis, Chief Technical Strategist at RBC Capital Markets.
Equities: small upside, huge downside
While China and Japan remain the strongest equity markets based on their long-term trends, the overall message from Robin Griffiths and Ron William is “own gold, sell equities“.
July will be decisive for S&P
The 3,000 level has held for the S&P 500 and the market remains in neutral, but Frank Cappelleri believes a resolution, one way or the other, will come in July.
Bearish long-term signals for equities
Andy Dodd, Head of Technical Research at Louis Capital Markets, explains why US and European equities and looking bearish in the long-term.
Bullish development for EURUSD
EURUSD has posted a bullish key reversal day which should provide the platform for a clear break higher, according to David Sneddon and his team at Credit Suisse in London.
Bearish turn for cattle
A bearish sell signal has been confirmed for V20 Live Cattle, according to James Dima, technical analyst at Marex Spectron.
Yields and USD decouple
Interest rate differentials are no longer having a substantial impact on FX markets, according to George Davis, Chief Technical Strategist at RBC Capital Markets.