This week's Multi-Asset Technical Strategies PDF is attached PLUS a short summary video below.
CURRENCIES: The weakness in the Dollar has paused with some strenghtening retracement but there is now good support beneath the Euro which will resist much more Dollar retracement. Similarly, Sterling's weakness against the Euro has retraced a bit, but is now running into big resistance. Watch our levels closely!
STOCKS: The bounces across the board from the sell-off have been sharp and impressive. As a result, all the long-term trends remain intact - thus far. Watch the short-term charts though: there is now importance overhead resistance in all cases which will reveal the true strength of the market.
BONDS: These markets are all range-bound. Stand back for clarity.
COMMODITIES: Oil's breakout beneath a long-term range remains the central issue: the retracement over the last few days now looks to be running into major resistance. Until that breaks the bears remain in charge. Gold remains over-bought: watch our levels to gauge the timing of sell-offs.
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