Gold may stall below a record after the metal rallied to near the higher of two Bollinger bands, according to technical analysis by VTB Capital.
The 10-year Treasury note’s drop today below the resistance level implied by the security’s lower Bollinger band suggested the rally in government securities is “overextended,” according to Jefferies Group Inc.
The pound may decline against the dollar toward the lowest level in more than four months, Gaitame.com Research Institute Ltd. said, citing chart patterns.
Wheat may fall as much as 14 percent to $6.90 a bushel in Chicago after the grain rallied to a four- month high near the upper of two Bollinger bands, according to technical analysis by VTB Capital.
Colombia’s peso, the best-performing currency in Latin America this quarter, is poised to reverse as policy makers call for a weaker exchange rate, trading patterns show.
Australia’s growing economy will put a floor under the nation’s currency, sparking a rebound from its steepest decline in a year, trading patterns suggest.
Colombia’s peso is poised to snap its best monthly rally in two years, trading patterns suggest, providing relief to a government that’s counting on a weaker currency to boost the economy.
The pound may decline to a four-week low against the yen after the U.K. currency stayed below its moving average this week, Gaitame.com Research Institute Ltd. said, citing chart patterns.
Support for Indonesia’s rupiah, Asia’s worst-performing currency this month, is building as the nation’s assets attract funds from abroad and trading patterns suggest its decline is overdone.
Bollinger Bands, Revaluing the Yuan, Best ETFs