The recent rally in the SP500 is a rally in a big bear market and we expect the rally to fade. A summary of the fundamentals, sentiment and key technical levels to watch are below.
EUR/USD is in a major downtrend but we rallied into the ECB and we are now falling back – we think the euro bounce is a sell and we will see a continuation of the downtrend. A summary of the fundamentals, sentiment, and key technical levels to watch below.
AUD/USD has seen corrective action to the upside and we now expect the rally to end – The USD is expected to rise on the CNH which is bearish for AUD/USD.
We see good risk to reward long trades in terms of the USD V CZK and PLN…
EUR/CHF has seen a good move to the upside but we now think a trend reversal is occurring and EUR/CHF is going far lower. Our view of the fundamentals, sentiment and key technical levels to look out for are summarized below.