{"id":58453,"date":"2011-07-14T11:47:25","date_gmt":"2011-07-14T01:47:25","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2011\/07\/14\/risk-rally-still-on-the-cards\/"},"modified":"2011-07-14T11:47:25","modified_gmt":"2011-07-14T01:47:25","slug":"risk-rally-still-on-the-cards","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2011\/07\/14\/risk-rally-still-on-the-cards\/","title":{"rendered":"Risk Rally Still On The Cards"},"content":{"rendered":"<p>\n\tBy Rudi <span>Filapek-Vandyck<\/span><\/p>\n<p>\n\tIf currencies continue leading financial markets&#8230;<\/p>\n<p>\n\tTechnical market analysts at Barclays have picked up on the theme that has featured some of my personal market <span>analyses<\/span> over the past years: if currencies continue leading other markets, then, maybe, the outlook is not so bad after all?<\/p>\n<p>\n\tThe analysts at <span>Barlays<\/span> certainly think so. They have zoomed in on the fact that so-called &quot;resources currencies&quot;, including the South African Rand, the Australian dollar and the Chilean peso, to name but a few, have merely <span>stabilised<\/span> (&quot;consolidated&quot;) over the months past and not sold off in a similar fashion as equities and commodities.<\/p>\n<p>\n\tThis, suspect the analysts, is a positive signal. It indicates the world is not losing its bottle and the second half rally in risk assets remains on the cards.<\/p>\n<p>\n\t<img decoding=\"async\" alt=\"\" src=\"http:\/\/www.fnarena.com\/ckfinder\/userfiles\/images\/Resources_Currencies_Consolidating.jpg\" style=\"width: 670px;height: 659px\" \/><\/p>\n<p>\n\tThis observation supports the analysts&#039; view that most risk assets are now poised for price rises, including gold, oil and copper &#8211; the main ones.<\/p>\n<p>\n\tThe anticipation is that Brent (&quot;true&quot; oil) is going to break past resistance at US$120\/<span>bbl<\/span> on its ultimate route towards the US$127 highs. <span>WTI<\/span> should be on its way to US$100\/<span>bbl<\/span>. (Note this implies significant further widening of the spread between the two).<\/p>\n<p>\n\tThe analysts observe gold has now broken to new all-time highs over US$1577\/oz, and this means the next target is the US$1610-area.<\/p>\n<p>\n\tCopper needs to break above US$9830\/t to confirm the view it is back on track to target the previous all-time high at US$10,190\/t. Aluminum, reports the team, currently enjoys technical support near US$2450. The target for <span>aluminium<\/span> remains US$2600\/t.<\/p>\n<p>\n\t<strong>Technical limitations<\/strong><\/p>\n<p>\n\t<strong><span style=\"font-style: italic\">If you are reading this story through a third party distribution channel and you cannot see charts included<\/span>, <em>we <span><span>apologise<\/span><\/span>, but technical limitations are to blame.<\/em><\/strong><\/p>\n<p>\n\t<em>Find out why <span>FNArena<\/span> subscribers like the service so much: &quot;<a href=\"http:\/\/www.fnarena.com\/index4.cfm?type=dsp_newsitem&amp;n=29EB960D-9DFF-C00E-7F6B464E5D52E250\">Your Feedback (Thank You)<\/a>&quot; &#8211; Warning this story contains unashamedly positive feedback on the service provided.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Technical market analysts at Barclays continue to see (technical) evidence the second half rally in risk assets remains on the cards.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[23,29,24],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/58453"}],"collection":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/comments?post=58453"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/58453\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=58453"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=58453"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=58453"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}