CURRENCIES: The recent sharp strengthening of the Dollar is not enough to convince currency buyers that they are wrong and that there isn't further Dollar weakness to come. Sterling remains very close to breaking out against the Dollar as does the Yen.
STOCKS: These markets are very strong across the board with the US lagging. The German market is the lead market reflected in the EuroStoxx being now so close to Prior Highs. We are still struck by the bullish underpinnings of the FTSE which on the point of completing a neat short term continuation bull H&S...
BONDS: The long run bear possibilities of these markets (especially the UK Gilt) are unmistakable. But they lack compelling short or even medium-term structures ... yet.
COMMODITIES: Oil volatility is evident but through that there is a clear bear pressure. Gold remains vulnerable - watch our critical support closely for a possible bear catalyst.
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