The premium for later deliveries of crude oil may collapse as the spread between the first two monthly futures contracts follows a “stair-step” pattern, according to a technical analysis by Barclays Capital.
The dollar may be forming a base against the yen, a move that could spur a longer-term uptrend, according to Bank of America Corp.
The euro fell against most of its major peers as investors sold peripheral government bonds amid speculation the region’s economy remains sluggish.
The euro may drop to the weakest level in almost a year and a half after breaking through its low from October, according to Bank of America Corp.
Commodities may fall 11 percent in the next few weeks to the lowest since May 2010, according to technical analysis by Bank of America Corp.
BofA’s Macneil Curry Says Gold Still in Bull Market
BofAML’s Curry Sees Continuation of Euro Weakness