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 …
Continue reading “Weekly Technical Analysis – “1646 New SP500 Support & Europe in Wave 5””
Here the latest Wells Fargo economic reports on the macro economic major trends and forecasts. Weekly: WeeklyEconomicFinancialCommentary_10112013 Monthly: MonthlyEconomicOutlook_10092013 Rich
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 …
Commerz-WklyMacroEcon-11-10-13 Not a bad report covering the macro and outlining some key levels across the various asset markets. All the best Rich
Here the usual excellent observations from the wealth man team of CS in Zurich. CS-Wkly-WealthMan-11-10-13 Rich
As a general comment, the main US equity market indexes appear to be in a giant distribution since May. Higher highs have been achieved but at the cost of weaker and weaker technicals. Its not a hugely positive market in spite of higher prices being achieved. Europe has more momentum and price support for the …
Continue reading “Weekly Macro,Commodity & Econ Focus inc Japan & UK (CS, Epstein, WF, JP, etc)”
The Swiss team’s report listed below. World markets are continuing to show remarkable resilience in spite of all the indicators pointing to likely price weakness and even a correction. The team have pushed out their deeper correction timeline to Q1 2014 now given the likely higher high by the s&p500. Near term, they are now …
Continue reading “Weekly Technical Analysis – “SP500 Toppish & Europe Trading in Wave 5””
September is usually associated with providing direction in the markets after the long summer months of chop and churn which is designed to confuse participants on where next. The macro theme since May of this year has been rising rates globally albeit from super low historic levels. Rates have risen quickly with today seeing the …
We have labor day holidays across US markets today which marks the official ending of the usual summer malaise in market volume. Sept is seasonally a volatile month and more often than not to the downside. Having said that August was a bad month for bond prices as rates marched higher across sovereign and consumer …
Continue reading “Weekly FX Technical Analysis & Macro Comments.. “US$ Bouncing Off Key Levels””
There is one story dominating everything at present namely: To taper or not to taper? I’m very tempted to think this is a premature question as the FED is currently monetizing 85bn of securities a month and simply a taper of 25bn or less aimed at the short end of the yield curve could be …
Continue reading “Weekly FX Technical Analysis, Macro Comments & Bullion Technicals”
Its that time of week again for a barrage of technical market reports and comments. First up here the weekly market comments from SC: SC-WklyMkt-View-16-August-2013 Over weight US equities and European equities and US$ high yield.They repeat their rational which is leaves the door open for a continuation of near term technical weakness. “Recent earnings …
Continue reading “Weekly Technical Analysis – “S&P500 Top in Place, Over sold on the Near Term””
Headlines wise its been a strong quarter for the UK and an out performance in terms of economic surprises. The UK is suddenly leading the pack with a rapid expansion in domestic growth. The latest data releases last week inc services growth which expanded at the fastest pace in over 6 years.Manufacturing growth last week …