In spite of the recent euro strength few are betting with her for now. The consensus view is that the 1.39 area will likely hold vs the US$. JP below are allowing for an outside move to 1.42 as the maximum level the euro could achieve and they have raised their 2014 average eurusd value …
Continue reading “Multi Market Macro & Technical Analysis Reports – JP,Citi,MS,CS 09th March14”
We got a big move in the euro yesterday and this is feeding into all asset markets in the near term. Here Commerz on the news flow: commerz-fxstrat-6-3-14 The question all asset and wealth allocators must be asking themselves this morning is whether this is the start of a meaningful medium term trend of euro …
Continue reading “FX Strategy & Technical Analysis Update – BarCap,Nomura,Citi – 6th March 2014”
We have the ECB with a seemingly important decision to make tomorrow. Their “OMT” hands may be tied but they have other options of course inc going negative on over night bank deposits as well as lowering official euro area interest rates still further. Growth remains anemic in the euro zone and French and Italian …
Continue reading “FX Technical Strategy Update – MS,JP,Commerz,Nomura – 5th March14”
We are in a choppy near term directional zone here would be my comment with a tendency towards testing the recent buying supports. All the technical issues remain unchanged. If we get yet another higher high it will be on the basis of significant divergence to momentum. The Swiss team are traveling today. They may …
Continue reading “Multi Market Wkly Reports – Update CS,JP,SC – 3rd March13”
Another excellent report here from Fitzpatrick becoming increasingly bearish equities and bullish US$ & fixed income. Ill leave it to Fitzpatrick to explain, report here: citi-mmwklytech-28-2-14 Rich
Here a couple of the latest Fitzpatrick reports from Citi. What I really admire about his reports is that he blends the technical and fundamental in a way few do. He is prepared to step beyond the near term correlations to offer what are near term contrarian macro bets that are in line with a …
Continue reading “Multi Market Weekly Technical Analysis – Citi (Fitzpatrick) 20th – 25th Feb14”
Here the weekly multi market technical analysis from the award winning Swiss team. First up, although they see the likelihood of a possible near term extension to 1885 on the sp500 they are in the “take profit” camp here in the near term across extended sectors and indexes like the Hangseng and Euro indexes. ‘All …
Continue reading “Weekly Multi Market Technical Analysis – “Take Profits” 25th Feb14″
In a rush here im afraid so here a selection of reports. Here the citi fx team covering the bullion asset. (This is different technical team to the Fitzpatrick team so just be careful on that one). Citi-billiontech-17-2-14 Here JP on euro equities: jp-euroequity-24-2-14 Here JP on us equity JP-equitystrategyUS-21-2-14 And here JP asia jp-asia-20-2-14 …
A few back reports from a few days ago that I wanted to post up prior to posting their latest in the next 48hrs. Here SC private bank with their “MM” view. Its fairly bullish stuff which is the consensus view of course. A general comment would be its a very middle of the road …
Continue reading ““Multi Market” Allocations & Technical Reports – SC,CS,JP – 15th – 19th Feb14″
A considered and therefore excellent report from the Swiss team. Lets get to the detail. Cyclical model wise and strategically speaking therefore they are sticking to their model for a deeper h2 continuation of the equity bull market building to an important top for equity indexes, SP500 1920 to 1970. (These are bullish levels but …
Continue reading “Weekly Multi Market Technical Analysis – “SP500 On Track to 1920” 18th Feb14″
Here below the major weekly FX technical and fundamental perspectives from the large institutional players on the major FX pairs. First up HSBC with a good run through on the macro fx picture: HSBC-FX-Macrostrat-14-2-14 And here the Citi Fx technical perspective: citi-fx-13-2-14 Here MS with their usual weekly FX strategy report: MS-FXwkly-14-2-14 And here the …
I make a few US Index technical comments and observations here below. Firstly on market breadth looking for clues as to the significance of this recent correction in equity indexes. Here we see the number of S&P500 stocks making 52 week lows over the last 3 years. This may look like noise initially on viewing …