With gold having risen to six-year highs, Ron William, from RW Advisory, explains what is going on with the precious metal. He analyses the correlation with bitcoin, and the fact that gold is, and has been for a while, at record highs against a whole basket of currencies.
In the latest Global Markets Report from Robert Colby Asset Management, they highlight that the recently inverted US yield curve not only historically signals a forthcoming recession, but also a falling stock market in anticipation of a recession.
Following completion of a multi-year base in June, Gold is heading towards its measured target at $1700/05, according to David Sneddon and his team at Credit Suisse in London.
Bitcoin looks poised for a retest of its all time high, according to Tony Sycamore, Director of Australia-based TECHFX TRADERS.
US 10-year yields are likely to move back up towards resistance at 2.0352, according to Andy Dodd, Head of Technical Research at Louis Capital Markets.
FTSE’s breakdown below key support levels suggests an intermediate-term shift to bearish has occurred, says Steve Miley, CEO of Market Chartist.
Peter Hafez, chief data scientist at Ravenpack, proposes a simple quantitative method to help discretionary investors reduce the universe of stocks from which they select their final portfolio.
The Brexit-led surge in EURGBP could mean the completion of a long-term bullish triangle pattern leading to further gains, say analysts at Credit Suisse in London.
The S&P 500 is retesting resistance from its broken uptrend and signs of topside rejection are appearing, according to Tony Sycamore, Director of Australia-based TECHFX TRADERS.
There is only one hurdle ahead of 1.2000 for GBPUSD, according to George Davis, Chief FIC Technical Analyst at RBC Capital Markets.