Walter Zimmermann at ICAP in the US presents a report on long-term market cycles for the US dollar, Euro, Dow, gold, and commodities indices. Included is Zimmermann’s analysis of the US stock market index which sees in a low in the Dow every 7.5 years, the next one being due in 2016.
Finex of London has launched a platform for position taking in the fixed income market based on technical trading signals. Featuring real-time buy, sell and stop-loss levels, initially for the 10-year bund market, the platform also contains research for gilts, bobls, STIR and FX.
Although gains in the S&P500 are becoming more selective in terms of individual stocks, this is not sufficient to indicate we are in the final stages of the bull market, says Paul Desmond of Lowry Research. Read more…
Most commodities are likely to enjoy a positive first quarter according to Wang Tao, technical analyst at Reuters in Singapore. His latest report for Q1 2014 covering metals, oil and agriculturals paints a broadly positive technical outlook. Read report >>
1.0738 is the next key level to watch for the Canadian dollar, according to George Davis at RBC Capital Markets, following last year’s break above the 2010 quintuple top at 1.0679. With the current uptrend still in place, the 2010 high of 1.0854 is also a major resistance level to watch.
January averages a return of 0.5% for the FTSE 100 ranking it 9th out of the year according to The Stock Market Almanac, compiled by Jeff Hirsch. January has risen 59% of all years since 1984 although it also the most inconsistent month in terms of performance, declining significantly since 2000. Moreover, the second week of January is the worst performing week of the year for the FTSE 100 typically losing 0.5%, and rising only 28% of the years since 1984.
George Davis, chief technical analyst at RBC Capital Markets, has said that a close of EUR/USD above this year’s high of 1.3829 opens the way for a move to the October 2011 high at 1.4245.
CQG has launched CQG M, a mobile application that allows users to access market data and execute trades via their mobile phone. CQG says the new product uses HTML5 mobile technology that allows users to access CQG data on tablets and phones.
Walter Zimmermann of ICAP says that despite unexciting price action for coal over the past year or so, a large head and shoulders bottom pattern may now be forming. This will target coal at the 71.50 to 72.00 range as long as the neckline is breached decisively.
Wang Tao, technical market analyst for commodities at Reuters Singapore, gives his comprehensive commodities outlook for the fourth quarter of 2013. His market coverage includes oil, base and precious metals, and agriculturals.