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Remaining short on S&P 500 – Sunshine Profits

FXStreet (Barcelona) - Paul Rejczak, Stock Market Strategist at Sunshine Profits, maintains a short position on the US equity index S&P 500, targeting 1980.

Key Quotes

“The broad stock market remains relatively close to its all-time high. There have been no confirmed negative signals so far. However, we continue to maintain our speculative short position (2,098.27, S&P 500 index), as we expect a downward correction or an uptrend reversal. Stop-loss is at 2,140, and potential profit target is at 1,980.”

Long-term CHF shorts vs. NOK or SEK preferred into Swiss economic uncertainty – SG

According to Kit Juckes of Societe Generale, SNB’s action to tighten rules on imposing negative rates to entities suggests that the central bank’s plan to impose negative rates isn’t helping to weaken the CHF, and further suggests remaining short on CHF versus NOK and SEK over the long-term.
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United States Initial Jobless Claims registered at 295K above expectations (290K) in April 17

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