CURRENCIES: The drift for a retracing and strengthening Dollar is clearest against the Euro. Sterling is holding its gains against the Dollar as is the Yen. Those currencies still look strong and remain close to important breakouts set to drive them stronger still against the Dollar.
STOCKS: Stocks are still strong: the completed pattern in the FTSE is the first short term signal - for further bullishness - watch for supportive signals elsewhere soon. The bulls are broadly in charge.
BONDS: Note the Gilt: it is poised to drive on to higher yields if medium-term patterns complete. Other markets are less clear.
COMMODITIES: The medium-term bear structure of oil still looks set to drive the market lower. Gold is balanced precariously on important support.
Free Extract : Market Update for chart traders 20th May 2025
Surveying major world markets and revealing their trends and patterns - in multiple time frames.
Market Update for chart traders 18th February 2025 Podcast
Chartist narrative of Major World Markets sent out weekly to subscribers as a PDF + a video summary by Mark Sturdy. Our aim is to discover and monitor week by week the important trends and patterns currently influencing each market.
Chartist narrative of Major World Markets sent out weekly to subscribers as a PDF + a video summary by Mark Sturdy. Our aim is to discover and monitor week by week the important trends and patterns currently influencing each market.
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