Its been a very shallow trading range over the last month or so. We have some momentum coming back into the market as is so often the case in early September.
I’m traveling unfortunately but i bring the Swiss team’s comments that are in line with the recent technical picture. Today’s weakness in the US$ needs to be watched as if it sustains it would have implications for many asset classes in EU US banks, Nik225, Eurostoxx50 etc etc..
I will come back as a v2 to this release.
Here the Swiss team’s latest:
Here Fitzpatrick from last week:
Here MS latest weekly allocations:
And here SChartered with their latest FX report:
More comment (and hopefully reports ie gs, cb latest etc) coming.
All the best
Rich