Category Archives: member

GS-Macro-09-09-13

WF here on the US jobs data. As i’ve mentioned many times WF really do all they can to generally take a positive spin on the macro data. Its noteworthy that even they are struggling on this print. They fail to mention the downward revisions to June and July! WF-Employment-090613

CS-EquityStrat-14-08-13 WF-Equity-04-09-13  

CS-Marcostrat2-06-09-13 DB-Preopen-06-09-13

It doesn’t matter if you paid 8 figures or 4 figures. We all get it wrong now and again. Here Nomura out this morning with a epic fail on the eurusd trade. nomura-eurusd-050913 Always a dangerous one calling false breakdowns. If euro rates were rising more quickly and over took US$ rates then i could …

Continue reading “Nomura “Epic Fail” – EURUSD – 05-09-13″

Here the sept future on the US Treasury 10yr paper. The Sept has made a lower low and the Dec 10yr Treasury is significantly scoring a lower low (ie rates made a new record high across the futures this am!). The spread to US$ high yield is at extremes. If the mean reverts there will …

Continue reading “Fixed Income-10yrT’s – Lower Low! (05Sept)”

CS-FX-Daily05-09-13 & a useful set of charts and levels from Nomura on cable. I agree the door open to 1.575 but the area pretty crucial and tricky. I thought we might have got up there a bit sooner in Aug. As now sept spikes through more unlikely. Neutral now on this pair for me but …

Continue reading “FX-CS-Nomura – 04/05 Sept13”

I don’t want to overload everyone with reports but this is a useful roundup report. Not as good as the CS one but useful nonetheless. Its also noteworthy to see (and compare) forecasts across the teams. Note forecast from Nord, US 10yr Ts to be 2.55% yield by year end? I would beg to differ, …

Continue reading “Mkt Prestonni Comments & NORDIA Strat Sept13”

I find myself very much in tune with JPM here and generally on the other side of the bargain therefore vs Nomura as one example. JP-FX-Trades-04-09-13  

In depth report on major markets from Scotiabank ScotB-WKLYglobalstrat-30-08-13  

Nomura sticking with their euro breakout vs usd call from a few weeks ago. I took the other side on the false breakout due to widening interest rates spread between the two. HY is now more expensive in the eurozone than US. Historically a 200+ basis point differential in favor of US HY usually exists. …

Continue reading “Nomura-FXPairs-03-09-13”