HSBC's recent run now faces a challenge at $35.27
State Street's upper Bollinger Band® is at $79.1 which indicates a further downward move may follow.

Technical analysis trend indicators suggest that State Street Corp's CCI indicator has broken above +100, indicating that prices are unusually high compared to the rolling average. Asset volatility analysis shows that State Street's upper Bollinger Band® is at $79.1 which indicates a further downward move may follow. A study of State Street's historical price actions shows State Street's run now faces a challenge at $77.39, which is only 82 cents away and will be interesting to follow.

Overall, while State Street has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.

Despite posting gains on yesterday, HSBC Holdings slid below its 3 day Simple Moving Average at $35.1 during the last session — an early indicator that a negative trend could be emerging. Bollinger Band® analysis indicates that current price action is approaching the upper band at $35.64, thereby suggesting that HSBC Holdings is becoming overvalued. HSBC Holdings's run now faces a challenge at $35.27, which is only 18 cents away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow.

Despite basking in an uptrend and bullish intraday sentiment, chart analysis indicates HSBC is set for a reversal in the coming days.

Trend-focused traders would be interested to note that $74.07 marks the crossover point where PayPal price action falls below its 21 day Simple Moving Average. According to asset volatility analysis, PayPal's lower Bollinger Band® is now at $72.02. Support/Resistance levels obtained from chart analysis indicate that a convincing break of this target could pave the way for deeper losses.

For the time being, PayPal remains flat without a clear direction.

Technical analysis shows that Deutsche Bank's recent run now faces a major challenge as concentrated supply is likely found at $10.69 with price action currently 15 cents away. With regards to technical trend indicators, chart analysis show that Deutsche Bank's CCI indicator is above +100. Asset volatility analysis shows that Deutsche Bank's upper Bollinger Band® is at $10.82.

Notwithstanding Deutsche Bank's appreciation in recent days, the technical outlook suggests its bullish run is now fading.

Fundamental indicators – United States Crude Oil Inventories beat analyst expectations of -583,000 and the previous reading of -3.74 million with new data of 597,000.

Upcoming fundamentals: United States Producer Price Index is projected to outperform its last figure with 0.1%. It previously stood at -0.1%; data will be released today at 12:30 UTC.