Pullback for EUR/JPY
Recent bullish divergence will drive EUR/JPY back to 125.50 before resuming its downward trend, according to JC Parets, Founder of All Star Charts.
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USD weakness ahead
US dollar weakness will be the main theme for the FX majors in the medium-term, according to Ian Coleman, Chief Market Analyst at Signal Centre.
Gold at 5 year high
The gold price has hit a 5 year high, in line with a bullish picture for commodities as a whole, according to George Davis at RBC Capital Markets.
Pound still bearish
Concerns are growing for a no deal Brexit and this is keeping negative pressures on sterling, says Steve Miley at The Market Chartist.
TA & higher returns in crypto FX
Researchers from Hull University and the ICMA Centre have tested technical trading rules in several cryptocurrency markets and found they yield higher risk adjusted returns than a simple buy and hold strategy.
European markets surprise
Several European equity markets have rallied more powerfully than expected but Andy Dodd at Louis Capital Markets says they still need to break above their downtrends in order to change his bearish outlook.
RS warning for US stocks
The Dow Jones Transportation Average is now in a downtrend signalling a possible bearish signal for the overall index, says Sejul Gokal at Go Technikal Insight.
Sterling set for further falls
Risks remain on the downside for sterling against the euro say analysts at Credit Suisse.
EUR/GBP stalls at 200-day MA
This month’s rally in euro sterling has been checked at the declining 200-day moving average at 87.92, say the technical analysis team at Credit Suisse.
TA good for small caps
A new study by researchers at Massey University and Auckland University of Technology has found that technical indicators are especially good at forecasting the price movements of individual small cap stocks.