Hi guys, we have some near term weakness here following on the failure to meaningfully breakout across risk indexes. Commodities remain very weak here and need to be watch. We should see at least one more attempt at the reflation trade continuation so entries on commodities, at the least for a bounce should show in the next few sessions.
Here the Swiss team:
Fx wise the EurGbp hit some key levels a few days ago. A breakout looks likely and would be meaningful for sterling to the down side.
Here the chart, care of CS
I hope to update this as a v2 shortly subject to time and wifi.
All the best
Rich