Its amazing how quickly the vultures circle. The GBP is back on the menu vs the USD and EUR here. Participants need a target and a trend to ride. With so many loosening UK announcements from the BOE as well its government in recent weeks and with its money supply expanding quickly its clear the …
Continue reading “JPM-Wkly FX Technicals 28th Oct13 – “GBP on the Brink””
Below an outstanding Barcap report in which they run through the output from the latest data of their proprietary “quantitative analysis” expert system model. Much of these models were originally developed the Lehmans Brothers teams in the US which Barcap have continued. Their model highlights the under valuation of the EUR vs the GBP. Putting together …
Continue reading “BarCap-FX Quantitative Weekly Report – 28th Oct13”
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
BarCap here basically going all in on all asset classes to the end of 2013. A super bullish call this. No matter fixed income, Piigs fixed income, oil, equities, junk, bullion. In summary, put on the blind fold or hand the dart to the chimp, and go all in. BARCAP-WKLYMACROTECH-25-10-13 With Yellen at the FED …
Continue reading “BARCAP-Wkly Macro & Commodities Price Tech 25th Oct13”
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
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 …
Continue reading “NomuraB – EURGBP EURUSD Technical Price Charts 28th Oct13”
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 …
Continue reading “DeutscheB Commitment of Traders, Major Instruments – 28th Oct13”
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
Here below the latest major pairs review from SC. They remain bullish euro short term up to a possible 1.418 level. But they also remain US$ bulls on the more medium term horizon. They are neutral GBPUSD and bearish USDJPY given the crowded net long position near term. Without delay here the report: SC-FXWklytech-28-10-13 All …
Continue reading “SC – FX Wkly Technical Analysis “EURUSD Possible Extension to 1.418” 28th Oct13″
Here the Commerz economic team for the week ahead. Commerz-weeklyecon-25-10-13 And WF, review of the key data and a look ahead WeeklyEconomicFinancialCommentary_10252013 Rich
A couple of interesting pairs from the Nomura team. The USDJPY I like the look of. Here the report: Nomura-USDJPY-25-10-13 Here the USDCAD nomura-USDCAD-251013 Rich
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 …