by
prestonni
on
Oct 29, 2013 •
A good price technical report here. Plays in to the themes we have witnessed across participants at present. Part of the jigsaw. SGeneral-WklyFXTech-28-10-13 And here Commerz on their weekly as regards to the major crosses with the major em fx instruments. Commerz-wklyemfx-28-10-13 Rich
by
prestonni
on
Oct 29, 2013 •
An excellent report. No time to comment on it but a nice walk through this by the private banking team in SC. SC-MonthlyGlobalMarkets-Nov13 Rich
by
prestonni
on
Oct 29, 2013 •
Just a quick update eurgbp. I have to, unfortunately, agree with them that the euro is likely making a move toward the channel resistance at circa 0.87 vs the gbp. The battle for the technical continuation of the cyclical bear vs the gbp has been running for what seems like the last 6 months. Checking...
by
prestonni
on
Oct 29, 2013 •
A nice report here which adds another arrow to the technical view on the markets. I like the level of the shorts on WTI, as one example playing into the weak seasonals for the instrument. Purely from a trading perspective if they can be ‘turned over’ these are the sorts of games that traders like...
by
prestonni
on
Oct 29, 2013 •
Many participants are neutral here. They are trading small volumes until we get a bit more clarity which way we are heading here. Here Scotia, to an extent, telling us what we already know but nice analysis and puts some meat on the bones technically on the fx pairs. ScotiaB-FX-25-10-13 Rich
by
prestonni
on
Oct 27, 2013 •
Apologies for the late update on this report. I’ll be quicker on this week’s release. CS questioning whether the US$ ‘golden goose’ has been killed but coming down on the US$s side. CS-FX-wkly-23-10-13 They haven’t been proved wrong by price as yet but some of their calls are be questioned here. “We expect the euro...
by
prestonni
on
Oct 27, 2013 •
CS team reviewing the price moves and adjusting their forecasts for credit rates across the major markets. We have stepped back from the brink of higher rates recently. US Junk has scored a higher high and higher lows and is close to record low spreads to the UST10yr. For how long these warm tail winds...
by
prestonni
on
Oct 27, 2013 •
Here a great set of charts across the major markets with the key technical levels according to CS. All sorts of standout charts inc the “US credit spreads threaten the year’s lows again” as commented, the spread is narrowing to the 10yr UST and this trend is motoring look at the tech price chart for...
by
prestonni
on
Oct 27, 2013 •
At this interesting pivotal point in the FX markets, it follows that the bullion markets are also reaching a medium term pivotal moment. So here the Commerz team updating their views and restating the medium term importance 1350 level. “We are technically at a key juncture for the development of the next medium term trend...
by
prestonni
on
Oct 26, 2013 •
Another great report from the Swiss Wealth Management team re affirming many of the allocations and trades of our own in recent weeks. Equities stretched aside from large caps with significant EM exposures. Good call i believe although i think the over valuation can extend here further.(More tech tomorrow on this near term issue). WTI...
by
prestonni
on
Oct 24, 2013 •
BarCap near term analysis. Taking US$ continuation vs the Cad as one example and using the WTI weakness to justify its entry. If they are wrong on WTI they will be very wrong on the usdcad which implies a reversal and ie direction and trend on the pair. I’d be curious to ask them how...
by
prestonni
on
Oct 23, 2013 •
No focus on price by the team here. A mix of other tech indicators and fundamental comments which is actually quite refreshing and useful working alongside the price tech work of the other teams. The eurusd strength is a head wind the euro area cannot with stand. The team using it as a signal that...