Daryl Guppy is an independent technical analyst who appears frequently on CNBC Asia. He runs training, analysis and resource workshops for retail and professional financial market traders involved in stocks, CFDs, warrants, derivatives, futures and commodities in China, Malaysia, Singapore and Australia. He has his own trading company, guppytraders.com.
While investors gauge the future of monetary policy, whether or not the Fed tapers this week is unlikely to be a factor for the U.S. dollar index.
A breakout pattern and new uptrend are yet to emerge for the Shanghai Composite Index – recent activity indicates three possible patterns ahead.
China is the world's largest consumer of the red metal, and it comes as no surprise that China's trade figures contributed to a drop in copper prices.
Geopolitical tensions between Ukraine and Russia has accelerated the rally in Nymex oil prices that started in the week of January 18.
Chinese stocks stormed higher in recent months, but charts indicate they may face a period of consolidation.
Gold fell on concerns that a strong dollar and improving economy could damp demand, and silver charts suggest that bullion may not regain upward momentum soon.
Charts suggest that the downtrend in the euro/dollar is firm ahead of the European Central Bank's (ECB) policy meeting on Thursday.
The Dow Jones Industrial Average posted its largest annual gain last year and while momentum has slowed, investors are questioning whether the rise has run its course.
Daryl Guppy is an independent technical analyst who appears frequently on CNBC Asia.