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. He is a special consultant to AxiCorp.
The key question now is about the strength of the pullback for the dollar, and the potential to develop a new rebound rally, according to Daryl Guppy.
The NYMEX oil price has pulled back sharply, but the chart suggests it's not a change of the overall uptrend, according to Daryl Guppy.
The S&P 500 may be headed for a long, slow sideways pattern, and that's good for traders, according to Daryl Guppy.
The unilateral repudiation of the multilateral agreement with Iran and the threat by the US to impose sanctions of countries that continue to do business with Iran carries a much broader threat to the Euro and Euro pairs.
On the one hand the Australian market is making new 10 year highs, on the other, the Australian dollar has broken a long term uptrend and is rapidly moving towards 12 month, and potentially, two-year lows.
The initial upside target for the Nikkei 225 is the historical resistance level near 23,000, according to Daryl Guppy.
Marked changes in volatility and direction for the S&P 500 on the chart show investors are exiting on rallies.
The U.S. dollar index appears headed toward a level of 85 going by technical indicators that show "a very bearish situation."
China's central bank lent 200 billion yuan ($31 billion) to financial institutions via its medium-term lending facility.
CNBC asked analysts what constitutes a trade war amid the latest escalation in U.S.-China trade tensions.
Japan's exports rose in May at the fastest pace in four months in a sign that global demand is gaining strength.