by
prestonni
on
Oct 18, 2013 •
Not a report I have recently watched too closely but given recent price moves its worth starting to watch the commodity fx pairs more closely as well as the commodity indexes and components. Lets see if this DX breakdown holds. If it does these pairs will run. When they move they generally trend for extended...
by
prestonni
on
Oct 17, 2013 •
Commerz pouring cold water and siting the 1.367 level as a number have. They expect a stall at this level and they could well be right. Will buyers step forward for the euro at this level? Or more likely will the institutions see an opportunity to roll over the asset allocators and force them to...
by
prestonni
on
Oct 17, 2013 •
Released earlier today, even JPM couldn’t directionally second guess what would occur on the eurusd and gbpusd etc. A few hours later and it appears, so far, we do have some answers here to direction. We can add their tech and position on the levels to all the other fx views published this week. It...
by
prestonni
on
Oct 17, 2013 •
Currently on a historic annual volatility of 14% vs the mean this is low. FX has been quiet of late but if the major FX pairs start to see volatility and the Dollar index falls through this key level commodity index volatility will exponentially increase. An asymmetric trade to play off the low historic (below...
by
prestonni
on
Oct 17, 2013 •
EurUsd defines the dollar basket and today some major moves occurred. The pair help to define many instruments across world markets so what happens here is important. The euro is threatening to end her multi year cyclical bear vs the usd. Fundamentally its hard to point to the rational for this price move but hopefully...
by
prestonni
on
Oct 17, 2013 •
I haven’t seen participants so confused by the fx markets for many years. Everyone is saying something different and is having to reverse positions and stance every few weeks or so. Active fx traders are starting to be cut up by the chop. I want to say that historically when price chops up like this...
by
prestonni
on
Oct 17, 2013 •
JP coming out bullish equity. Here their major picks and recommendations. JPMequitystrategy-15-10-13 Rich
by
prestonni
on
Oct 15, 2013 •
The usual outstanding tech report from SC re the major FX pairs. SC-FXwklytech-15-10-13 Cheers Rich
by
prestonni
on
Oct 15, 2013 •
A great report this week from the award winning Swiss team. This week’s report is a little broader than normal in the assets markets they have covered, which is good! Their comments on fx and bullion tie nicely together.The US$ is enjoying a bounce here and now. Technically it doesn’t look likely to sustain for...
by
prestonni
on
Oct 12, 2013 •
Here a great set of reports from JPM. First up their US equity strat inc analysis & next up their European recommendations and analysis. A couple of great reports. Hopefully regulars, with a large thank you to “AAwork” JP-US-Equity-11Oct13 JPM-EurEquityStrat-11-oct13 All the best Rich
by
prestonni
on
Oct 12, 2013 •
SBank have a reputation to keep in the commodities space. Their latest quarterly is pretty bearish. The secular commodities bull is being called into question here with the 2011 highs mostly lower than their 2007 highs and the cyclical continuation running deeper and longer than most commodity participants anticipated. There is nothing on the horizon...
by
prestonni
on
Oct 12, 2013 •
Here a new report from HSBC’s global research team. I like this report. Its not a technical report but it is a very thought provoking report. They nicely and properly include the bullion within their global fx view. Contrary to what Ben thought Gold is a currency class all by it self which HSBC appear...