top now seems to be in place for USD/RUB after having been heavily bought since January and the Ukraine crisis, says Chris Williams at Newedge. Having tested its 2009 high at 36.34 on a weekly basis, the ruble should target 34.00 over the next two months.
US-based research house, The Technical Analysis Group, presents its latest view on the 10-year Treasury including in-depth analysis of the medium and longer-term outlooks.
Hope has been replaced by fear with the US stock market since the start of the Ukraine crisis, says Walter Zimmermann of United-ICAP. This puts into doubt the previous target of 1923 for the S&P500 and opens the possibility of the end of the current bull market that begin at 666 in March 2009.
The short-term outlook for gold remains bullish with a rebound from the recent bearish leg targeting 1361 and then possibly 1434, says Maxime Veimont at BNP Paribas.
A close above 1.3818 triggers a bullish long-term trend reversal on a weekly basis for euro/dollar, according to George Davis at RBC Capital Markets.
With the South African rand at, or near, its lowest level against the major currencies for 40 years, there is now evidence that the ZAR is reversing direction, says Chris Williams at Newedge. As such, he recommending the buying of the rand and South African bonds this year.
Elliott Wave analysis of the S&P500 sets an ultimate target of 1923.44 for the S&P500 in this bull market, according to Walter Zimmermann of United-ICAP.
Technical analysis software provider Updata has just launched Updata Collect, a generic data engine that builds and databases price histories from spreadsheets, PDF and Word documents, emails and web pages.
US Treasurys are oversold following the crisis in Ukraine as the situation is likely to find a quick resolution, says Chris Williams at Newedge.
Although the selling of gold has repeatedly stalled around the $1200 level over the past 12 months, the break above 1319.50 should confirm a bullish outlook this week, says Max Knudsen of ADS Securities.