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Technical Trend Outlook

Gold; Downhill from here or second wind?

Thursday, 17 July 2025, written by Henk-Jan Pijper

Major US indices could consolidate or see a modest pullback as complacency reigns, though a sharp correction is not our base case.

 

What’s more in this report: 

Copper; green light to rally further?

Gold; on the verge of a larger up- or downmove? 

Credit Spreads: How much lower can they go?

 

 

This report is published: Bi-weekly

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Previous reports

Broadening US stock market breadth and leadership is bullish

Thursday, 03 July 2025

The US stock market is undergoing a broadening in breadth and leadership. Big tech-related market leaders are coming off the boil, while lagging indices are showing signs of life lately. That is a bullish signal which may suggest that this fierce rally has more room to run eventually. What’s more in this report: Is copper on the verge of a bullish breakout, and how far can EUR/USD and GBP/USD extend their uptrends?

 

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US dollar under pressure against Emerging Markets FX

Thursday, 19 June 2025

Silver got the green light to rally further, while the main US and European stock indices are vulnerable to a corrective phase. What’s more in this report: Will WTI rally further and which asset class could well end a 15-year downtrend?

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US stock markets: As good as it gets, at least for now?

Thursday, 22 May 2025

In the near-term, we think a breath-taking pause or pullback for various global stock market indices is plausible..

 

Announcement: Due to the author being out of the office, the next edition of the Technical Trend Outlook report will be published on Thursday June 19, 2025.
 

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