Charts Today – Markets recovering, but still long term bearish [Video]
|Charts Today – Europe Open – 14 Jan 2019 – Markets recovering, but still long term bearish
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Dollar turning short term bullish. Euro lower, Sterling bull run losing momentum.
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US little changed last week, set to open lower today based on US futures down 1%.
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UK and Germany set to open lower on futures. Japan up, HK and China down and still a long term worry.
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Crude oil short term bull trend weakening.
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Gold rises and looking more and more bullish.
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US bond still yields weak and unwind upside targets. Further US interest rate rises now less likely.
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Downtrends still dominate.
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US tech stocks still in downtrends despite big overnight gains.
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Stock markets have made a good start to 2019 rising off lows, but we are still in a downtrend.
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